{"id":97884,"date":"2019-02-08T05:00:22","date_gmt":"2019-02-08T13:00:22","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=97884"},"modified":"2019-02-07T10:06:08","modified_gmt":"2019-02-07T18:06:08","slug":"maryland-casinos-begin-2019-with-strong-january","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/maryland-casinos-begin-2019-with-strong-january\/","title":{"rendered":"Maryland Casinos Begin 2019 With Strong January, Gaming Win Totals $137M"},"content":{"rendered":"

Maryland casinos won nearly $137 million last month, a 7.2 percent year-over-year increase.<\/p>\n

\"Maryland
MGM National Harbor led the way in January, as Maryland casinos kicked off the year with a strong month. (Image: Facebook)<\/figcaption><\/figure>\n

MGM National Harbor again was responsible for the lion’s share of gross gambling revenue (GGR). The casino resort outside DC won $56.2 million, or 41 percent of the state gaming market.<\/p>\n

\n

Live! Casino & Hotel in Arundel Mills was next with $46.3 million, and Horseshoe Casino Baltimore third with $20.1 million. The three primary casino floors all posted gains. MGM was up 11.9 percent, Live! 6.3 percent, and Horseshoe 0.6 percent.<\/p>\n<\/div>\n

The three smaller resort casinos \u2013 Hollywood Perryville, Ocean Downs, and Rocky Gap \u2013 collectively reported GGR of $14.29 million.<\/p>\n

Maryland casinos won almost $1.75 billion<\/a> in 2018, the state’s all-time best mark.<\/p>\n

Market Battle<\/b><\/h2>\n

MGM National Harbor become the dominant player almost immediately after opening in December 2016. The casino initially hurt revenues at Live! and Baltimore Horseshoe.<\/p>\n

In response, Live! constructed a $200 million, 17-story hotel with 310 guestrooms. It’s two more occupancies than what’s available at MGM.<\/p>\n

Horseshoe Baltimore is investing heavily in the area between its casino and the nearby city professional baseball and football stadiums. The goal is to create a more appealing corridor for potential sports fans to walk through to the Caesars Entertainment gaming floor.<\/strong><\/p>\n

Horseshoe Baltimore General Manager Erin Chamberlin said last year that the corridor to casino will become the city’s “next great entertainment district.”<\/p>\n

Sports Betting <\/b><\/h2>\n

Maryland lawmakers are scrambling to come up with a way to allow sports betting to commence<\/a> at the casinos.<\/p>\n

The Maryland Constitution requires any change to gambling laws be accompanied by a statewide election voter referendum. The next one won’t occur until November 2020, meaning sports betting will be delayed by at least two years.<\/p>\n

However, politicians said last month they may have found a loophole. Lawmakers are considering placing sports betting under the oversight of the Maryland Lottery. New games under the lottery’s jurisdiction do not require voter referendums.<\/p>\n

\n

Hopefully, we can expand sports betting and dedicate that money to the education fund. That’s (sports betting) taking place in all the other states around us,” House Speaker Michael Busch (D-Anne Arundel County) said recently.<\/p>\n<\/blockquote>\n

Maryland casinos are lobbying in the Annapolis capital for sports betting.<\/p>\n

The state projects that regulated sports betting would grow overall GGR by between 1.5 percent and 6.5 percent. That means sportsbooks could deliver as much as $110 million annually.<\/p>\n

State Wins<\/b><\/h2>\n

Marylanders approved commercial gaming in a 2008 constitutional referendum. The primary beneficiary is the state’s education system.<\/p>\n

In January 2019, the Maryland Education Trust Fund received nearly 30 percent of the GGR, or a little more than $41.5 million. Since gaming went live, the fund as received over $2.8 billion.<\/strong><\/p>\n

Casino taxes also go to the horse racing industry, local host communities, the Maryland Lottery, and small, minority, and women-owned businesses. The state’s General Fund additionally receives a small percentage.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maryland casinos won nearly $137 million last month, a 7.2 percent year-over-year increase. MGM National Harbor again was responsible for the lion’s share of gross gambling revenue (GGR). The casino resort outside DC won $56.2 million, or 41 percent of the state gaming market. Live! Casino & Hotel in Arundel Mills was next with $46.3 […]<\/p>\n","protected":false},"author":25,"featured_media":97888,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,1074],"tags":[],"acf":[],"yoast_head":"\nMaryland Casinos Begin 2019 With Strong January, Win Totals $137M<\/title>\n<meta name=\"description\" content=\"Maryland casinos won $137 million last month, a more than seven percent increase. 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