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Maryland Poker Market Grows 33 Percent YoY

Strong Revenues Continue For State's Four Poker Rooms

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The month of August continued a record-breaking year for poker in Maryland.

The state’s four brick-and-mortar poker rooms generated $3.6 million in revenue from their tables in September, according to figures released by gaming regulators. That represented a 33 percent increase compared to August 2016.

The state record for poker revenue in a single month was set at $3.92 million back in January, which was also a 33 percent year-over-year gain.

The rooms have raked $33.5 million through the first nine months of 2017.

The $1.4 billion MGM National Harbor, equipped with 39 tables, opened for business in December, instantly growing the poker market. The room took in $1.7 million last month.

The 52 poker tables at Maryland Live! generated a combined $1.4 million. Horseshoe Casino Baltimore’s 23-table poker room raked $436,000 during the month. Hollywood Casino Perryville generated $94,000 in revenue from its eight poker tables.

Live! had poker revenue of $2 million in September 2016, so the MGM casino has had an impact.

Overall gambling

Gamblers lost, or were raked, a total of $134.5 million at the state’s six casinos last month (two don’t have poker rooms). That was an increase of $37.4 million, or 38.6 percent compared to the September 2016 figure of $97.1 million.

In a year-to-year comparison not including MGM National Harbor, statewide casino revenue in September 2017 decreased by $11.9 million, or 12.3 percent.

In other words, MGM both grew the Maryland gaming market and took a bite out of existing revenues for its competitors. Still, the state is the fastest growing casino gambling market in the nation. It was one of only three states with double-digit growth in August.

Maryland has a larger gambling market these days than Michigan (Detroit) and Iowa. Ohio’s market is roughly the same size. Pennsylvania has a market worth about double Maryland’s.