Maryland Casinos Record $133.5 Million In Revenue Collection Thanks To MGM National Harbor

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MGM National Harbor, which opened its doors to the public less than a month ago on December 8, 2016, is a blessing to Maryland casinos. The gaming resort worth $1.4 billion, which is strategically built approximately 10 miles from Washington DC, has generated $41.9 million worth of revenue in barely a month it has been in operation. The money has come from the resort’s table games and slot machines sectors.

Many are saying that although the resort is some distance from DC, its Potomac River area has made it possible to attract many visitors during a period which many casinos hosted hundreds of visitors and beyond, making real money casino gambling sites, quite a fortune.

Because of MGM’s performance, revenue collection from all the six land-based casinos that are currently operating in the renowned Old Line State, reached $133.47 million from $104.35 million, which was seen as the best ever recorded revenue collection. A $29 or so million difference in revenue collection from just six casinos that are land-based is such a big boost.

In a recent press statement, Gordon Medenica, the Director of Lottery and Gaming of Maryland said, “We were sure that December would be a month of record-breaking and indeed it so happened. The rise in revenue collection has made us extremely happy. This is evident that the future of gaming in Maryland is so bright.”

Mr. Medenica added that because of many things that are working in favor of MGM National Harbor, the casino is set for greater surprises.

“MGM National Harbor is outstanding. It is a facility to reckon. It is in an ideal locale. It will definitely spur growth in the area and entire Maryland. The resort’s continued growth in revenue will evidently support various vital programs in the state of Maryland,” he said.

A few days following the resort’s official opening to the public, the gaming floor recorded many visitors. In fact, the casino was in full capacity almost all days.

It Might Soon Top

Although the resort is just less than a month in operational, the amount of revenue collected has astounded many including Maryland Live, which topped all the six casinos in the collection of revenue.

With its current pace, there is no doubt that soon or later, MGM National Harbor will outwit most players who have been in the industry longer than this newly-established gaming complex.

While $133.47 million might be seen as a huge improvement, the figure is nearly 11.4 percent less than what it was collected in the same month exactly one year ago.

In order to catch up with an ever-rising competition, Maryland Live is establishing a hotel tower, a 17-story building that is likely to cost the enterprise $200 million. This will add up to the Hilton that was purchased by the enterprise last fall in order to give overnight visitors accommodation.

More Facilities to Come

With many believing that the northeast is saturated, what has been seen in the recent past is a clear indication that U.S. states are embracing modern forms of gambling.

Massachusetts, Connecticut, Pennsylvania, New York, and New Jersey states are moving fast to the legalization latest gambling techniques.

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Maryland Casinos Record $133.5 Million In Revenue Collection Thanks To MGM National Harbor
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