A fresh spin on Maryland's Casinos' Aprillicious Earnings
Maryland's casino earnings slowed by 0.3% compared to the same period last year in April.
*** Cashing In: The Breakdown*** By Anonymous Contributor
Ever wondered how Maryland's faculty of casinos fares financially? Well, listen up, gambling aficionados! Last month, these six fantabulous gaming destinations raked in a whopping revenue of $162.6 million – rather modest compared to the $163.1 million they made in April of last year, noting a minuscule 0.3% decline.
Taking a closer peek at the figures provided by the Maryland Lottery and Gaming, we discover theVideo Lottery Terminals (VLTs) were the real MVPs of the month, generating $115.2 million, a pleasant increase from the previous April's revenue of $112.7 million. However, the fun at the tables took a slight dip, with table games revenue dropping from $50.4 million to $47.3 million year over year.
Let's dive into the performances of each casino! The Horseshoe Casino was a clear winner this April, reporting revenue of $15.5 million, a 6.2% surge on last year's figures. The grand champion, MGM National Harbor, garnered $68.6 million, up a tiny 0.8% compared to last April. Ocean Downs Casino flaunted an impressive 2.6% revenue growth, proudly reporting $7.5 million.
On a less fortunate note, Rocky Gap Casino was the big loser, hitting rock bottom and reporting revenue of only $4 million – a substantial 4.1% decrease. Live! Casino & Hotel and Hollywood Casino followed suit, reporting drops of 3.2% and 0.6%, respectively.
When it comes to the intensified question of the industry's contribution to state funds, our beloved casinos put their money where it matters. For April, casino gaming dished out a hefty $70.6 million to state coffers, marking a 1.1% yearly increase. Excellent news for education enthusiasts since a charming $50.9 million of that sum was directed towards the Education Trust Fund.
However, if you're eager to uncover more about the specifics of the year-over-year revenue change for Maryland's commercial casinos in April 2021, be advised that conducting a soul-search isn't enough. delving into historical reports or databases maintained by the Maryland Lottery and Gaming Control Commission or the UNLV University Libraries Center for Gaming Research might be more productive. These carefully curated sources are your treasure trove for detailed financial performance data on Maryland casinos spanning multiple years. Viva la Vegas, Maryland style!
- In April 2021, the Horseshoe Casino recorded a revenue growth of 6.2%, making it the top-performing casino among Maryland's six casinos.
- The revenue generated from casino games in April 2021 was $70.6 million, marking a 1.1% increase year over year and contributing significantly to state funds, particularly the Education Trust Fund.
- Despite a dip in revenue, the Video Lottery Terminals still emerged as the leading source of income for Maryland's casinos, generating $115.2 million in April 2021.
- The Casino-and-Gambling industry in Maryland has been growing, with lotteries also playing a substantial role in revenue generation - details of which can be found in historical reports maintained by the Maryland Lottery and Gaming Control Commission or the UNLV University Libraries Center for Gaming Research.
