While Horseshoe Casino’s increase percentage was just 7.2%, the location was able to bring in $18,001,130. Hollywood Casino made a good chunk of change at $7,768,635 total revenue, a 14.5% increase for the new year. MGM National Harbor was able to make a 12.9% revenue increase, pulling $7,714,727 more in 2021 than in August 2020. Both the state contributions and the education trust fund saw a 17% climb in the amount of money they received from Maryland casinos in 2021. Contributions to the state came to $71,284,480, an over ten million dollar increase from 2020. Overall, the six casinos raked in $168,459,348 in gaming revenue during the month of August–a 12% increase from the year prior. Now, Rocky Gap is the only casino in the state to have a year-to-year decrease in revenue as of August 2021. At the time, four of the casinos were operating at 50% capacity and two were only taking on 25% of their usual business.

In total, revenue from the six Maryland casinos decreased by 16.6% from February 2020 to 2021. Instead, the success of casinos in August 2021 may give a more accurate look at the economic recuperation many industries felt over this summer. While February revenue statistics were certainly not helpful for morale, the numbers were more reflective of the struggles casinos went through in the year 2020 than a look into the potential of the new year. MGM National Harbor managed to lose the largest amount of money, figured at $10,275,824. Every single Maryland casino reported a significant decrease in revenue from year to year, with Horseshoe Casino having the misfortune of boasting an over 20% decrease. Off to a Rough StartĬompared to 2020, last February 2021 was a nightmare for casinos. In Maryland, those numbers are even higher and casinos have kicked off a financial comeback, despite rough beginnings at the start of the year. Now, a year later, just over half the population has been fully vaccinated against the deadly virus, and businesses in the service sector are seeing a recovery as restrictions relax. Casinos were no exception and, by the end of the year, revenue in American casinos had dropped a whopping 31%–the lowest numbers the industry had seen in nearly 17 years. Restaurants, theme parks, and event venues across the country were forced to either close or seriously limit their operations to help stem the spread of COVID-19. In 2020, the coronavirus pandemic brought the hospitality industry to a halt in many parts of the United States.

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