Horseshoe Casino Isn’t Raking in Money at Same Rate Analysts Predicted

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casinogoodluckThree months into its existence, Baltimore City’s new Horseshoe Casino still lags far behind the suburban Maryland Live! when it comes to earnings.

According to numbers released by the state Friday, the Horseshoe Casino pulled in $23.4 million during the month of November. Slot machines pulled in about $172 per day in revenue, while Last year, consultants predicted the casino would be raking in somewhere between $33 and 35 million by now, the Baltimore Sun reports. From the money the casino made, the city gets about $709,000 in the form of community impact grants. If the casino makes more, the city gets more grant money.

The lower take might not be great news for Horseshoe’s owners, but it leaves Maryland Live! way out in front in the casino battle. The Arundel Mills gaming spot, which has a billboard stationed in view of Horsehoe Casino along Baltimore-Washington Parkway, continued to outpace the rest of the state’s casinos, pulling in about $53.4 million. That more than doubles Horseshoe’s monthly total.

Does this mean we get free drinks now, Horseshoe?



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