Maryland Casino Revenue Dips in June as Fiscal Year Ends

By John Isaac,
Editor at online-gambling.com

John Isaac Editor at online-gambling.com

John Isaac is an editor with many years of experience in the gambling industry. He writes expert articles on card games like blackjack and poker. In addition, he is also well aware of the US gambling laws and the Indian and Dutch gambling markets. You can rely on verified information and insightful details.

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Last updated: July 14, 2025

Maryland’s casino industry saw a slight decline in June 2025, with total revenue from its six licensed casinos dropping to just over $160.6 million. This represents a 1.4% decrease from June 2024, amounting to a $2.25 million reduction.

Less Revenue Compared to June Last Year

This decrease follows a stronger performance in May when statewide casino revenue rose by 1.9% to $176.4 million. In June, gaming contributions to the state totalled $68.54 million, representing a 1.9% year-over-year decrease. Of that total, $49.42 million was allocated to the Education Trust Fund, down $954,000 from June 2024.

June 30th ended the Maryland Lottery and Gaming’s 2025 fiscal year. Total casino revenue for FY2025 was more than $1.8 billion, a modest 0.5% increase. This slight growth was mainly due to stronger performances earlier in the year, including a high point in May when MGM National Harbor generated $75.4 million in revenue, a 4.3% rise from May 2024.

It’s also worth noting that Maryland’s casino revenues benefit several sectors beyond education, including local governments, the horse racing industry, and small, minority, and women-owned businesses. July marks the start of a new fiscal year. State regulators and stakeholders will monitor performance trends to see whether broader economic conditions and seasonal patterns will continue impacting casino revenue in the second half of 2025.

June brought several developments to Maryland’s gambling landscape. In particular, tribal groups contested Kalshi’s sports betting activities in the state, arguing that they infringe on tribal gaming laws.

Breakdown According to Specific Casinos

As previously noted, Maryland is home to six licensed casinos that provide slot machines and table games to eligible residents. Two of the largest properties—MGM National Harbor and Live! Casino & Hotel reported revenue declines in June. MGM National Harbor brought in $67.17 million, down 1.4%, while Live! Casino saw a 2.4% decrease, with revenue totalling $58.96 million.

In contrast, Ocean Downs Casino saw a 4.3% rise in revenue, totalling $8.48 million. Horseshoe Casino experienced a slight increase of 0.8%, reaching $14.22 million. Rocky Gap Casino’s revenue remained steady, while Hollywood Casino Perryville saw a 3.7% decline.

Below is a summary of each casino’s gaming revenue for June 2025:

• Hollywood Casino: $7.2 million
• Horseshoe Casino: $14.2 million
• Live! Casino & Hotel: $59 million
• MGM National Harbor: $67.2 million
• Ocean Downs Casino: $8.5 million
• Rocky Gap Casino: $4.6 million

Conclusion

The casino industry faces many challenges and opportunities as Maryland moves into a new fiscal year. While June saw a slight decrease in revenue, earlier increases helped push annual totals slightly higher. With evolving market dynamics and legal developments unfolding, the second half of 2025 will be key in shaping the state’s gaming outlook.