In a recent report, Maryland’s six casinos have shown a combined revenue decrease in November 2023, marking a notable shift from the previous year’s performance. The total revenue generated from slot machines and table games for November 2023 was $157,718,494, reflecting a 3.5% decline, or a decrease of $5,652,970, compared to November 2022.

Story continues below

This downturn in casino revenues has also impacted the state’s financial contributions. In November 2023, casino gaming contributions to Maryland totaled $66,150,282, $1,561,142 less (-2.3%) than the contributions made in November 2022. A significant portion of these contributions is directed towards the Education Trust Fund, which observed a decrease of $1,527,874 (-3.1%) in November 2023, totaling $47,727,562. The revenue from casino gaming not only supports the state’s educational initiatives but benefits local communities, Maryland’s horse racing industry, and small, minority- and women-owned businesses.