As Md. casino revenue sets new monthly record, Horseshoe’s numbers again slide

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Photo by Jamie Adams, via Wikimedia Commons

While Maryland’s six casinos brought in more than $150 million in March, a record for monthly revenue, Baltimore’s sole casino watched its proceeds slide once again.

As usual, since MGM National Harbor opened in Prince George’s County, the D.C.-border gambling haven led with about 40 percent of total revenue, drawing more than $60 million. Live! Casino in Arundel Mills logged $47 million, and Horseshoe came in third with nearly $25 million. Maryland’s three other casinos—Hollywood Casino in Perryville, Ocean Downs in Berlin and Rocky Gap in Cumberland–combined for $17.7 million in proceeds.

The $150 million total marked a 6 percent increase from the previous record of $141.2 million, set 12 months earlier. But another trend is apparent: As other casinos’ revenue climbed in March, Horseshoe’s fell.

MGM, still the relative newbie since it opened in December 2016, saw an 18 percent increase from March 2017. Revenue at Live! climbed by a slim, but still positive 1 percent. Ocean Downs, which was previously slots-only but added table games in December 2017, celebrated a 26 percent bump, and Hollywood Casino and Rocky Gap saw respective increases of 2.4 percent and half a percentage point.

Horseshoe’s revenue, meanwhile, dipped 8 percent from the year before. Sadly, it’s no anomaly. Revenue at Horseshoe fell 3 percent in February, and while its numbers were almost flat in January, the South Baltimore casino saw its monthly revenue drop 20 percent on average during the second half of 2017.

Of course, the casino is competing with its larger counterpart in Arundel Mills, and the glitzier, also-large “Vegas on the Potomac” at the Maryland-D.C. border.

Perhaps the attraction of a forthcoming restaurant from celebrity chef Giada De Laurentiis, the anticipated opening of the resurrected Hammerjack’s up the street and, hopefully, some home O’s wins at Camden Yards will soon spur some legalized gambling activity on Russell Street.

This story has been corrected to reflect that Ocean Downs is no longer slots-only, as the casino added table games in December 2017.

Ethan McLeod
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Ethan McLeod

Senior Editor at Baltimore Fishbowl
Ethan has been editing and reporting for Baltimore Fishbowl since fall of 2016. His previous stops include Fox 45, CQ Researcher and Connection Newspapers in Northern Virginia. His freelance writing has been featured in Baltimore City Paper, Leafly, DCist and BmoreArt, among other outlets. He enjoys basketball, humid Mid-Atlantic summers and story tips.
Ethan McLeod
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