![]() Original estimates said it would be raking in $33-35 million a month. Of course, officials predicted MGM would siphon off some of the gambling business going to Horseshoe and Live! when it opened last December, marketed as the new “Vegas on the Potomac.” The $1.4 billion spectacle boasts a 3,000-seat entertainment venue, 308-room hotel with a two-floor spa, 10 restaurants and stores to boot.īut as a reminder, officials had much higher hopes for Horseshoe when it opened in 2014. Due in part to MGM’s success, Maryland casino revenues jumped nearly 40 percent last month from the year before. It drew $52 million in revenue in October, or roughly two-fifths of the state’s casino revenues for the month. on the Beltway, continues to bring in a hefty chunk of casino revenue for the state as it approaches its first birthday. Meanwhile, MGM, the glitzy new attraction at the edge of Prince George’s County and D.C. The other Baltimore-area casino has seen annual revenue drops of 13 percent in October and September, 20 percent in August and 22.5 percent in July. The story has been similar for Maryland Live! at Arundel Mills.
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