Maryland Casinos See Continued Revenue Decline in March

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Maryland’s six commercial casinos generated $168.1 million from slots and table games in March, down 2.3% from a year earlier, according to the Maryland Lottery and Gaming Control Agency. 

Maryland casinos revenue decline
Key Takeaways:
  • Maryland’s six casinos revenue drops 2.3% in March, marking ongoing softness
  • State contributions fall slightly, supporting education and public programs
  • Competition from nearby states’ online gambling and new casinos impacting Maryland’s market

State gaming contributions fell 2.9% to $72.4 million, while the Education Trust Fund received $52.2 million. 

The state said those dollars help finance schools, local governments, the horse racing industry, and business programs.

Softness Persists

The March decline extended a run of weaker monthly results. February revenue was also down 4.3%, leaving fiscal year-to-date casino revenue at $1.43 billion through March, a 2.2% drop from the same period in fiscal 2025. 

State contributions for the first nine months of the year totaled $615.5 million, down 1.6%.

The agency’s monthly filings show the pressure is broad-based: Live! Casino & Hotel fell 5.9%, Horseshoe Baltimore dropped 6.2%, and smaller properties also lost ground. MGM National Harbor was the lone gain, rising 2.4% to $72.1 million.

Regional Pressure

Maryland remains a mature, land-based market without legal iGaming, even as nearby states lean on online gambling for growth. 

Pennsylvania and New Jersey have posted stronger gains from digital play in February, while Virginia is still benefiting from new casino openings.