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Maryland Poker Rooms Rake $3.7M In July

Revenue Grows 22 Percent Year-Over-Year

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Maryland’s four poker rooms took in a combined $3.77 million from players last month, according to figures released this week by state gaming regulators.

The revenue was a 22 percent increase compared to the $3.09 million in rake from July 2016. Last month’s performance continues a record-breaking year for live poker in the state. Through June, Maryland poker rooms raked $22.28 million, up 27.6 percent compared to the $17.45 million raked during the same period last year. There are 124 tables in the state.

The $3.77 million was nearly unchanged compared to June’s $3.76 million. The Maryland poker market took a 13 percent hit compared to May thanks to the annual World Series of Poker in Las Vegas. According to the WSOP, Marylanders bought into bracelet events 998 times this summer, which was 20th among the 50 states plus the nation’s capital. There were 76 Marylanders who paid $10,000 to compete in the main event this year, which began in early July.

Maryland’s top finisher in the main event busted in 240th place out of 7,221 players.

Gaming revenue as a whole

Maryland has six casinos: Hollywood Casino Perryville, Horseshoe Casino Baltimore, Casino at Ocean Downs, Maryland Live Casino, Rocky Gap Casino Resort and MGM National Harbor.

Those casinos won $138.7 million from all the games, including slot machines, last month, which was a year-over-year increase of $34.9 million or 33.6 percent. However, if you exclude MGM, which opened in December, statewide casino revenue in July 2017 decreased by 15.3 percent. MGM has both grown the market and taken a bite out of existing gaming revenues.

Here’s a look at gaming revenue by casino last month:

MGM National Harbor: $50.7 million
Maryland Live: $46.8 million
Horseshoe Baltimore: $22.9 million
Hollywood Perryville: $6.6 million
Ocean Downs: $6.4 million
Rocky Gap: $5 million