Maryland casino revenue down 1.4% in June, ending fiscal year with mixed monthly results
Total contributions to state decline by $1.3m as MGM and Live! report year-on-year losses.
Key points:
– Maryland casinos generated $160.7m in gaming revenue in June 2025, down 1.4% year-on-year
– State contributions totalled $68.5m, including $49.4m for the Education Trust Fund
– MGM National Harbor and Live! Casino saw declines, while Ocean Downs posted 4.3% growth
Maryland’s six licensed casinos generated $160.67m in revenue from slot machines and table games during June 2025, marking a 1.4% year-on-year decline.
This monthly dip follows stronger results in May, when statewide revenue rose 1.9% to $176.4m.
Gaming contributions to the state from June activity amounted to $68.54m, down 1.9% from the same period last year. Of this, $49.42m was allocated to the Education Trust Fund – a $954,000 decrease compared to June 2024.
Maryland’s two largest properties, MGM National Harbor and Live! Casino & Hotel, both posted declines in June. MGM National Harbor reported $67.17m in revenue, down 1.4%, while Live! Casino dropped 2.4% to $58.96m.
In contrast, Ocean Downs Casino saw revenue increase by 4.3% to $8.48m. Horseshoe Casino also reported a modest 0.8% gain to $14.22m. Rocky Gap Casino revenue was flat, while Hollywood Casino Perryville posted a 3.7% decline.
Maryland’s casino revenues contribute to multiple sectors beyond education, including local jurisdictions, the horse racing industry and small, minority- and women-owned businesses.
Good to know: These allocations continue regardless of month-to-month fluctuations in gaming income
June 30 marked the end of Maryland Lottery and Gaming’s 2025 fiscal year. Total casino revenue for FY2025 reached just over $1.8bn – an increase of 0.5%. The moderate gain was supported by strong performance in earlier months, including a high in May where MGM National Harbor posted $75.4m, up 4.3% from May 2024.
However, the weaker close in June reflects uneven momentum across properties. For example, Hollywood Casino and Ocean Downs had led growth in May, rising 5% and 6.4% respectively, while Live! Casino and Rocky Gap posted declines.
With July marking the start of a new fiscal cycle, state regulators and stakeholders will closely monitor performance trends to assess whether broader economic and seasonal pressures will continue to impact casino revenue through the second half of 2025.
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