Despite Restrictive American Gambling Laws, Casino Profits Go Up

Business is booming in the world of gambling, as casinos around the US continue to thrive despite American gambling laws restricting their options. Casinos in Maryland are turning out to be serious competitors for gambling businesses in the neighboring states of Delaware and New Jersey, with last month’s total profits reaching an impressive amount of $66.8 million.

Having generated $53 million last month with its 4,328 slot machines and 174 table games, Maryland Live has made the headlines of this week’s gambling news. The state’s most profitable casino opened its doors to the public in late August and its profits have been going up since then.

Banking table games have generated daily gross gaming revenues of $4,616.46. Big money was made in the 14,800-square-foot card room, which continues to be one of the busiest American poker rooms, generating around $2.3 million last month. Compared to November 2012, casino revenues are up by 55%.

The Hollywood Casino Perryville earned $6.6 million, with a 22% increase compared to last year’s profits. The Casino at Ocean Downs reported a profit of $3.5 million and a 4.6% increase compared to last year’s numbers, while Rocky Gap Casino Resort managed to make a profit f $3.3 million, even though it’s only been operating for six months.

All in all, casino profits have gone up by 47%, proving that Americans’ love of the land-based casino is not about to wither and die. No, despite the recent launch of online gambling in New Jersey and Delaware – Nevada had already joined the online party earlier this year – gamblers continue to flock to their own state’s casinos.

As states continue to change their gambling laws and introduce online gambling – California, Texas and Pennsylvania are all expected to follow suit next year – this may change, but for now traditional casino gaming sees no signs of falling by the wayside in the US.