Poker Players Paid $3.5 Million In Rake To Maryland Casinos Last MonthRevenue For Calendar Year Passes $37M |
|
Maryland’s four brick-and-mortar poker rooms generated a combined $3.5 million in revenue last month, according to figures released Monday by state officials.
The amount was a 29 percent increase compared to the $2.7 million raked in the same month last year, per the public data from the Maryland Lottery.
The rooms raked $37 million through the first 10 months of this year. Rake was $28.5 million through October of 2016, which reflects a 28.4 percent year-over-year gain.
Maryland had three poker rooms up until December 2016, when the 39-table room at the $1.4 billion MGM National Harbor casino complex opened for business and drastically grew the state’s live poker market. Though it grew the market overall, it did take a bite out of revenues at its in-state competitors. Maryland has 122 poker tables in total.
“The market is going to grow,” MGM National Harbor Poker Room Manager Johnny Grooms told Card Player earlier this year. “We felt that there was an under-served population in Southern D.C. and Northern Virginia, and in the more expansive area down to North Carolina. Our competitors to the North have done a good job, but traffic patterns here dictate where and when people go do things.”
In just about four years, Maryland has established itself one of the top poker markets in the country. Maryland didn’t allow live dealer games until 2013. Around that time the casinos also obtained the ability to stay open 24/7, which is crucial for poker.
Here’s a look at a year-over-year comparison based on poker room through October:
2017
MGM National Harbor: $17.5 million
Live! Casino: $13.9 million
Horseshoe Baltimore: $4.6 million
Hollywood Casino Perryville: $969,000
2016
Live! Casino: $20.5 million
Horseshoe Baltimore: $7.4 million
Hollywood Casino Perryville: $930,000
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
