Maryland Casino Market Slips: September Marks Fourth Straight Month of Decline
Leading properties such as MGM National Harbor and Live! Casino & Hotel Maryland saw GGR decreases of 5.6 % and 7.8 % respectively. By contrast, Horseshoe Casino Baltimore managed a 6.7 % increase, highlighting a growing divide among properties.
The decline in Maryland mirrors a broader trend: while digital gaming and sports betting grow rapidly, legacy slot and table-game markets in many states remain under pressure. Operators in Maryland must contend with increasing regional competition, saturation of existing consumer demand and the challenge of attracting new players without cannibalising existing ones.
State stakeholders are worried about the downstream impacts: casino-generated tax revenue in Maryland supports education and public services, and a continued slide could reduce those funds. To reverse the trend, operators are expected to accelerate reinvestment in properties, diversify non-gaming amenities and explore partnerships in the digital space.
