The six privately owned casinos in Maryland have reported a collective revenue of $165.7 million for July 2025. As per the figures from the Maryland Lottery and Gaming Control Agency, this represents a 2.5% decrease in revenue compared to the $169.9 million reported in June of this year.
These figures are especially interesting when contrasted with the current developments in the gambling sector. Notably, many consumers are leaving land-based establishments and opting for online options. This is due to a myriad of reasons, including access to a wider variety of games and faster transactions. Online casinos have become famous for specific titles and niches that appeal to many consumers. For example, fish game gambling has developed a solid reputation online. As gambling expert Sofia Rebuck explains, real money fish game gambling is one of the most popular ways for casino lovers to spend their money these days, and this shows no signs of stopping.
But consumers only have a finite amount of money to spend, and as they put more money into online casinos, land-based ones might feel the effect. But some seem to be feeling it more than others. Looking closer at the numbers, MGM National Harbor in Prince George’s County was the biggest winner for the month. It reported $68.6 million in revenue, which was still a 4.7% drop from the previous month. Live! Casino & Hotel in Anne Arundel County reported a revenue of $59.7 million, which was a 4.6% decrease.
Even though both casinos brought in millions of dollars in July, year-on-year, revenue has been in a decline. This again speaks to the changing nature of the casino sector and poses a challenge for operators. One thing to note is that some of the smaller operators within Maryland have seen growth in their revenues. For example, Horseshoe Casino Baltimore saw an 8.2% increase in revenue, with the reported figure of $14.4 million. Similarly, Ocean Downs Casino in Worcester County saw a 6.4% increase in revenue to $10.2 million.
Should this trend continue, it could suggest that consumers are more comfortable with the smaller, more intimate casino establishments compared to the giant chains. These large chains, in response, might choose to double down on their business models or try to recapture the market with more intimate experiences for consumers. But it’s not just the casinos themselves that have invested interest in things going well.
Some consumers clearly prefer the in-person business model, and they will want their favorite casinos to remain in business. Then there’s the government. It is no secret that casinos contribute a large amount of money towards various doodwill projects. July 2025, for example, saw $51.7 million given from these casinos to the Education Trust Fund in Maryland, which supports schools and the local community. The tax revenue generated from these casinos is significant, and authorities will look to collect it whether the business model is thriving the most with traditional in-person establishments or online.
