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Tag: gaming revenue

  • Vegas Visitation Slump Persists Despite 3rd Consecutive Month of Gaming Revenue Growth – Casino.org

    Posted on: September 26, 2025, 08:51h. 

    Last updated on: September 26, 2025, 08:51h.

    The Las Vegas Convention and Visitors Authority (LVCVA) reported on Friday that August marked the eighth straight month of year-over-year visitation declines, with a 6.7% drop compared to last year. Despite this, gaming revenue continued its upward trend for the third consecutive month.

    The continued bad news as rendered by AI. (Image: Microsoft CoPilot)

    Though August’s visitation drop was only 6.7% year over year — less than the double digits seen earlier this year – every month in 2025 has seen a year-over-year visitor decrease of at least 1%, with most ranging 5-10%. Year

    -to-date totals show a 7.8% decrease, with the number of visitors shrinking from 28 million to 25.8 million — a loss of 2.2 million.

    August’s convention attendance, the singular bright spot for the region in 2025, fell 8% to 587,000 – largely due to the World Market Center summer show, which attracts 40,000 attendees, shifting from August to July.

    Hotel metrics mirrored the downtown. August occupancy rate averaged 77.5%, down 3.7 percentage points from last year, with average daily rates dropping 7.4% to $162, resulting in revenue per available room (RevPAR) falling 11.7% to $126.

    Strip properties saw occupancy decline from 84.5% to 81%, with average daily rates decreasing from $186.06 to $172.83 and RevPAR dropping 11%.

    This news came the same day LVCVA ended the first areawide Las Vegas “sale” in the region’s history — featuring over 100 discounts of up to 50% at casinos restaurants and entertainment venues — as a desperate attempt to turn visitation around.

    Lone Bright Spot: Gaming Revenue

    The Nevada Gaming Control Board also announced its monthly numbers on Friday, and they were much better. Clark County’s (Las Vegas) gaming revenue rose 5.3% to $1.03 billion last month. And the Strip’s gaming win grew 5.5% to $679.3 million, up 5% year-to-date.

    Baccarat was the key driver, with the Strip winning $114.4 million on the table game in August, a 51% increase from last year, and up 29% over the past three months – though still down 3% over the past 12 months.

    Corey Levitan

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  • MGM National Harbor gambling slows to end the summer – WTOP News

    For August, MGM National Harbor patrons made $70.1 million in bets, but the total was down 6.5% from August of last year.

    Maryland’s six casinos generated $170.3 million in gaming revenue from slots and table games in August, down 2.1% from a year ago, but MGM National Harbor was the only big-three casino to see a slowdown in gambler spending.

    For August, MGM National Harbor patrons made $70.1 million in bets, the largest share of the state’s six casinos, but the total was down 6.5% from August of last year. Gaming revenue was up 2.1% at Live! Casino and Hotel, to $63.2 million, and up 4.4% at Horseshoe Casino in Baltimore, to $15.1 million.

    Among the state’s three smaller casinos, Ocean Downs and Rocky Gap posted year-over-year gaming revenue gains. Gaming revenue was down at Hollywood Casino.

    The state collected $72.8 million from its share of gaming revenue in August, down 2.1% from a year ago. Of that total, $52.4 million went to Maryland’s Education Trust Fund, with the balance going to other state-funded programs.

    August marked the second month in the state’s new fiscal year.

    For fiscal year 2025, the state’s six casinos generated just shy of $2 billion, the third-best single year in the 15-year history of legalized casino gambling in the state. Casinos contributed $831.3 million to the state, most of which went to the Education Trust Fund.

    Maryland Lottery and Gaming has published a full breakdown of casino gaming revenue in August online, as well as totals for legalized gambling revenue for fiscal 2025, including casinos, sports betting and lottery online.

    Maryland lottery had its fourth-best year in its 52-year history for FY 2025. Scratch-off ticket sales surpassed $1 billion for the fourth consecutive year.

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    © 2025 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

    Jeff Clabaugh

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  • Maryland Lottery had 33 tickets that won $1M or more in FY 2024 – WTOP News

    Maryland Lottery had 33 tickets that won $1M or more in FY 2024 – WTOP News

    Maryland’s casinos, lottery sales and legalized sports betting drew a total of $9.43 billion in ticket sales and gaming revenue in Fiscal Year 2024.

    Maryland’s casinos, lottery sales and legalized sports betting drew a total of $9.43 billion in ticket sales and gaming revenue in fiscal year 2024, with the state of Maryland collecting $1.59 billion, just shy of the record transfer in fiscal 2023.

    Maryland’s fiscal year runs July 1 through June 30.

    Sports betting accounted for the largest share of both wagering and contributions to the state. Sports betting between the state’s 13 retail operations and through a dozen mobile betting apps totaled nearly $5.2 billion in fiscal 2024, with more than $4.6 billion of that paid out in winnings.

    Lottery sales in Maryland totaled $2.73 billion. Scratch-off ticket sales totaled $1.1 billion, surpassing the $1 billion mark for the third consecutive fiscal year.

    Lottery players won a total of $1.7 billion in prizes in fiscal 2024, including 1,808 prizes of $10,000 or more; 586 tickets that paid a prize of $50,000 or more; and 33 prizes of at least $1 million.

    Commissions to retailers totaled $220.2 million, with the average retail commission being $51,000. Maryland Lottery has more than 4,300 retailers in its network across the state.

    Maryland’s half-dozen casinos generated $1.96 billion in gaming revenue in fiscal 2024, the third-best year — though down 4.7% from fiscal 2023.

    The majority of the nearly $1.6 billion collected by the state in fiscal 2024 was earmarked for the state’s Blueprint For Maryland’s Future education fund. The state’s remaining share of gaming revenue is split between other programs, including Maryland’s horse racing industry, the state’s fund for small, minority- and women-owned businesses, and its responsible gaming programs.

    The full breakdown of gaming revenue and contributions to the state from casinos, lottery, sports betting and fantasy competitions is available online.

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    © 2024 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

    Jeff Clabaugh

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  • MGM National Harbor gambling revenue down 10% – WTOP News

    MGM National Harbor gambling revenue down 10% – WTOP News

    After Maryland casinos posted their fifth-best month ever for gaming revenue in March, gamblers pulled back in April.

    After Maryland casinos posted their fifth-best month ever for gaming revenue in March, gamblers pulled back in April.

    Total gaming revenue from the state’s six casinos fell 6.6% from a year earlier to $163.2 million last month.

    Gaming revenue from slot machines and table games at MGM National Harbor led casinos with $68.1 million, though that was down 9.8% from a year earlier.

    Baltimore’s Horseshoe Casino had $14.7 million in April gaming revenue, down 10.8% from a year ago. Live! Casino & Hotel at Arundel Mills had the smallest year-over-year decline, with $60.1 million in April gaming revenue, down 1.9% from April of last year.

    April results were mixed at the state’s three smaller casinos, up 6% at Hollywood Casino, down 7.6% at Ocean Downs and down 20.6% at Rocky Gap Casino.

    Casinos contributed $69.8 million to Maryland, with the majority of it going to the state’s education trust fund.

    April figures were down from March, when the state’s casinos had a combined $178.1 million in gaming revenue.

    Maryland Lottery and Gaming posts monthly and year-to-date gaming revenue figures and contributions to state programs online.

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    © 2024 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

    Jeff Clabaugh

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  • Maryland casinos see uptick in betting; Horseshoe Casino continues its slump – WTOP News

    Maryland casinos see uptick in betting; Horseshoe Casino continues its slump – WTOP News

    Among the state’s three largest casinos, only Baltimore’s Horseshoe Casino saw gambling revenue fall — down 8.2% from a year ago to $15 million.

    Gaming revenue at Maryland’s six casinos in February rose after a January slowdown, and total gaming revenue was 1.4% higher than February 2023, at $159.2 million.

    Among the state’s three largest casinos, only Baltimore’s Horseshoe Casino saw gambling revenue fall — down 8.2% from a year ago to $15 million. Gaming revenue at Horseshoe has steadily declined, with its last year-over-year increase more than two years ago in January 2022.

    MGM National Harbor accounts for the majority of gaming revenue at Maryland’s casinos, with an occasional exception. In February, MGM took in $66.8 million in slots and table games revenue, up 1.9% from a year ago. Live! Casino & Hotel, at Arundel Mills, had $59.3 million in gaming revenue, up 6.5%.

    Results were mixed for the state’s three smaller casinos. At Hollywood Casino, gaming revenue was up 1.4%. It was down 7% at Ocean Downs, and down 18.6% at Rocky Gap Casino.

    Of last month’s total at all six casinos, $68 million went to state funded programs, the majority of which go to Maryland’s Education Trust Fund.

    The all-time high for monthly gaming revenue at Maryland’s casinos was October 2022, at $212.9 million.

    Maryland Lottery and Gaming posts monthly and year-to-date gaming revenue totals and contributions to state programs online.

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    © 2024 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

    Jeff Clabaugh

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