New Maine Casino Outearns First Year Revenue Projections

According to the Maine Gambling Control Board, the Oxford Casino made over $65 million during the first year of operation, surpassing original projections and out-earning Maine’s first and only other casino, which opened in 2005.

An estimated $53 million came from slot machines and $12 million was made from roulette, blackjack and other table games.

Hollywood Casino in Bangor made about $58 million during the same 12-month period. The revenue from slot machines totaled $50 million and $8 million from table games.

Oxford Casino opened in June of 2012 and today houses 816 slot machines and 22 table games. Oxford’s average daily earnings add up to $197 per slot machine and $1,835 per table game. Original projections estimated $203 a day from each slot machine and $1,232 from each table game.

These numbers stood out to Kentucky-based Churchill Downs Inc., which is buying the casino for $160 million in cash. The sale should be finalized by the end of the year.

Most Viewed Articles