Baltimore, December 9, 2025

In November, Maryland’s six casinos collectively earned nearly $159 million in gaming revenue, reflecting a slight year-on-year increase. This growth is indicative of the industry’s resilience and its significant contributions to local enterprise and state funding, particularly for education. While overall revenue for the fiscal year shows a slight decrease, the impact of these funds is felt across many sectors, supporting community development and entrepreneurship in Baltimore.

Maryland Casinos Report $158.8 Million in November Gaming Revenue

Strong Growth for Baltimore’s Casino Industry

Baltimore, MD — Maryland’s six casinos collectively generated $158,766,823 in gaming revenue from slot machines and table games in November 2025, marking a 0.4% increase from the previous year. This uptick reflects a $644,521 rise compared to November 2024. As casinos play a crucial role in the state’s economic landscape, this development underscores the resilience of local businesses and the positive impacts of a stable regulatory environment.

The steady growth in gaming revenue not only showcases the success of these establishments but also highlights the significance of entrepreneurial innovation within Baltimore. As businesses adapt to changing consumer preferences and economic conditions, Maryland’s casino industry remains a vital component of the state’s economic growth strategy, promoting job creation and community development.

State Contributions and Education Trust Fund

In November 2025, casino gaming contributions to the state totaled $68,548,425, a slight decrease of 0.5% from the same month in 2024. Of this amount, $49,447,720 was allocated to the Education Trust Fund, which supports various public education initiatives throughout Maryland. These contributions reinforce the essential link between local enterprise and state funding, further demonstrating how reduced red tape can enable businesses to thrive while positively impacting community resources.

Fiscal Year 2026 Performance

Over the first five months of Fiscal Year 2026 (July 1 through November 30), Maryland’s casinos reported $808,291,568 in gaming revenue, down 1.7% compared to the same period in Fiscal Year 2025. State contributions during this timeframe amounted to $347,691,906, a 1.2% decrease year-over-year. While the Fiscal Year 2026 data indicates slight contractions in revenue, it is crucial to recognize the overall contributions that these establishments make to the Baltimore City economy.

Beneficiaries of Casino Gaming Revenues

Beyond the Education Trust Fund, casino gaming revenues have far-reaching implications for various sectors. These funds support local communities, bolster Maryland’s horse racing industry, and promote the growth of small, minority- and women-owned businesses. The holistic approach to allocating gaming revenues serves to enhance the economic participatory landscape, empowering entrepreneurs and fostering community connections.

Casino Performance Highlights

Among the six casinos, MGM National Harbor led with the highest revenue, contributing significantly to the state’s gaming total. Other prominent casinos, such as Live! Casino & Hotel and Horseshoe Casino Baltimore, also played essential roles in the overall performance. As these businesses continue to thrive, they bolster the state’s economy and reinforce the importance of supporting local industries. With entrepreneurial dynamism at the forefront, there are great opportunities for the future.

Comparative Data

In a year-on-year comparison, Maryland’s casinos generated $158,122,302 in November 2024, with state contributions totaling $68,879,589. The Education Trust Fund received an allocation of $49,682,786 during that period. These statistics frame the ongoing adjustments and economic response strategies within the gaming industry, showcasing how businesses can withstand market fluctuations while contributing to state needs.

Conclusion

Maryland’s casino industry continues to demonstrate resilience, with November 2025 revenues reflecting moderate growth and consistent contributions to critical state programs, particularly education. The ongoing support for local communities and various industries underscores the broader economic impact of the state’s gaming sector. As Baltimore’s entrepreneurs drive innovation and growth, it is vital for the community to remain engaged in supporting these local enterprises and their continuing contributions to the city’s economy.

Frequently Asked Questions (FAQ)

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Key Features of Maryland’s Casino Gaming Revenue in November 2025

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