Maryland casinos declined in revenue in June, earning $160.68 million, which was a 1.4% year-over-year decrease from $162.91 million. Overall numbers look better at $1.964 billion, which is a 0.1% increase compared to 2024. The hope is for a bounce back in July, especially since the summer months performed well last year.
Maryland earned $176.45 million in revenue in May, so the drop to $160.68 million in June was substantial. However, June has traditionally been a slower month for the state, as highlighted by the monthly breakdown below.
| Month | MD Casino Revenue |
|---|---|
| June 2025 | $160.68 million |
| May 2025 | $176.45 million |
| April 2025 | $162.64 million |
| March 2025 | $172.11 million |
| February 2025 | $155.15 million |
| January 2025 | $151.80 million |
| December 2024 | $164.11 million |
| November 2024 | $158.12 million |
| October 2024 | $160.52 million |
| September 2024 | $159.51 million |
| August 2024 | $173.92 million |
| July 2024 | $169.82 million |
| June 2024 | $162.91 million |
Maryland market trends indicate that revenue will pick up in July and August, as these were two of the most lucrative months in 2024. Despite the overall decrease, revenue still eclipsed $160 million in June, which was still higher than February and January of this year.
The Maryland market has seen these types of dips before. For example, September to November is a drop-off compared to August. These are just part of the ebbs and flows of the casino market.
Despite the down month for the Maryland market overall, some casinos performed well in revenue in June. Revenue reports for Maryland casinos are outlined below.
| Casino | Retail Partner | June 2025 Revenue | June 2024 Revenue |
|---|---|---|---|
| MGM National Harbor | BetMGM | $67.17 million | $68.15 million |
| Live! Casino & Hotel | FanDuel | $58.96 million | $60.40 million |
| Horseshoe Casino | Caesars | $14.22 million | $14.11 million |
| Ocean Downs Casino | TwinSpires | $8.48 million | $8.14 million |
| Hollywood Casino | ESPN BET | $7.24 million | $7.52 million |
| Rocky Gap Casino | N/A | $4.59 million | $4.56 million |
One of the highest performers was Ocean Downs Casino, which is partnered with TwinSpires, a retail-only sportsbook that ceased its online operations in 2022.
MGM National Harbor and Live! Casino & Hotel continues to dominate the Maryland market share, where revenue only comes from retail locations.
Online casinos remain illegal in Maryland, with the earliest where progress could be made is on the 2026 ballots. However, as an alternative, users in Maryland can play slots and table games online on sweepstakes casinos, which are fully operational within the state.
Here is a list of some sweepstakes casinos available in Maryland:
