Casino Revenue in Maryland Surged this November

Maryland State Seal With Casino Gambling Chips

November is proving to be one of the most successful months so far this year for the US gambling industry. States around the country are reporting impressive revenue figures over the month. New reports have just surfaced claiming that casino revenue in Maryland surged last November, as well.

This is very exciting news for the gaming operators in the state. It’s also great news for state leaders looking for valuable tax revenue.

Here’s what led to this latest revenue surge.

Reports on Casino Revenue in Maryland Have Just Surfaced

Throughout 2021, gambling revenue has been steadily rising around the country. That includes both casino and sports betting revenue. These impressive gains are continuing into 2022, with more states reporting earnings leading into the New Year.

New reports on casino revenue in Maryland have just surfaced for the month of November. Once again, this state’s gambling properties managed to bring in a huge amount of money. In fact, November proved to be significantly higher than it was one year ago.

Maryland’s casino revenue in November came to $160.4 million. That represents a 23% increase when compared to November of 2020. Certain casinos in the state proved to be much more successful than others.

MGM National Harbor was the most successful casino in the state. This property brought in $57.9 million, up 22% from November of 2020. Live! Casino & Hotel brought in $58.2 million in November. These proved to be the two biggest earners over the month.

It’s clear that Maryland’s gambling industry is a successful one. All signs point to more impressive revenue figures flowing in next year. Stay tuned for updates as the months go on.

Maryland’s Sports Betting Industry Continues to Grow

The casino industry in Maryland continues to find success. There are more gambling options than just the casinos here, though. Voters in Maryland approved a measure to legalize sports betting in November of last year and officials have been working to get sportsbooks up and running in the state ever since.

Last month, five casinos in the state were given sports betting licenses. Several more casinos were given sports betting licenses this month. The current goal is for sports betting to formally go live in the state this January.

The laws approved in Maryland allow for both land-based and online sports betting to become available in Maryland. It seems likely that land-based sportsbooks will launch here first. State regulators are still coming up with a framework to license online sports betting operators.

It seems likely that Maryland’s online sportsbooks will go live within the first quarter of 2022. Most analysts agree this will be the major revenue generator for the state. State leaders recognize this fact and are working to get online betting platforms operating in the state as quickly as possible.

The Northeastern US gambling industry continues to grow. Casino revenue in Maryland is up and is likely to remain that way leading for months to come. We’ll be sure to offer updates as more revenue reports surface here in the future.

More States Report Gambling Revenue Increases Over November

Maryland is not the only state to experience impressive revenue increases this past November. Nearly every state with a casino industry set in place brought in impressive amounts of gaming revenue. Reports on these other states’ gaming industries are slowly coming out.

November is proving to be a fantastic year for the US gambling industry. States around the country are now reporting impressive revenue figures over the month. That includes revenue from casinos and sportsbooks.

Connecticut is one state to see large surges of gambling revenue flowing in. This state managed to bring in $2 million in gaming revenue over the month. The majority of revenue came in from the state’s two casinos, Foxwoods and Mohegan Sun.

Nevada continues to report massive revenue figures leading into 2022. The casinos in Las Vegas have already broken all-time revenue records this year. It seems likely that 2022 will end up being an even more successful year for these properties.

Are you surprised to see where casino revenue in Maryland stands? Will December prove to be another successful month for the casino industry here? Let us know in the comments section below.