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Horseshoe’s first month: record for state, drop for other venues

Maryland Live retains top spot

Maryland’s newest casino is now the second-largest in terms of revenue, according to figures released Monday by the Maryland Lottery and Gaming Control Agency.

The agency reported that September was a record month for total casino revenue. The state took in more than $82.4 million, exceeding the previous record of $80.6 million set in August.

August and September are the only two months that monthly revenue from casino gambling has exceeded $80 million in the four years of expanded gaming in the state. Maryland legalized slot machines in 2008 and saw the first venue —Hollywood Casino Perryville — open in 2010. The state later voted to expand gaming to full casinos in 2012.

Horseshoe Casino in Baltimore took in nearly $22.4 million in September. The September revenue numbers represent the first full month of operations for the newly opened Baltimore casino.

Horseshoe Casino was open for six days in August and brought in $5.7 million.

Maryland Live remained the state’s top casino, taking in $45.5 million last month, the agency said, a drop of about $11.8 million from its haul the previous month.

The new casino is clearly affecting the overall gaming picture in Maryland both in terms of the amount of business at the state’s four other casinos and the overall monthly take.

In addition to Maryland Live, Hollywood Casino Perryville, Ocean Downs and Rocky Gap all saw their overall numbers drop in September compared to August.

Maryland Live brought in $57.3 million in August and saw its business decrease by more than 20 percent month over month and by 9.8 percent when compared to September 2013.

Hollywood Casino Perryville took in $5.9 million in September, down from $7.9 million in August.

Ocean Downs brought in nearly $4.95 million in September, down from $5.9 million in August.

Rocky Gap reported taking in $3.6 million last month compared to $4.3 million the month before.

And overall state casino revenue decreased in Maryland year over year when Horseshoe Casino is excluded.

Overall, Maryland’s four other casinos took in nearly $5.3 million less in September 2014 compared to the same month a year ago, according to the agency.