Casino earnings in Maine rose by 1.9% compared to the previous year in March

Casino earnings in Maine rose by 1.9% compared to the previous year in March

Written by Charlotte Capewell for our website

Share this article If you're all about the action and can't resist the thrill of the spin, then Maine's favorite gaming spots – the Hollywood Casino and Oxford Casino – wowed gamblers in March! With a combined $14.3 million in net revenue, they outdid February's $10 million by a whopping 43%!

But enough chit-chat—let's dive into the facts! The Hollywood Casino raked in $5.7 million, a 4.8% year-over-year increase from $5.5 million. Meanwhile, the Oxford Casino brought home $8.6 million, albeit a 5.4% downturn from $9 million.

Slots were where it was at for the Hollywood Casino, generating a cool $4.8 million in March, up 7.2% year-over-year compared to $4.5 million. Table games didn't fare as well, with a 7.1% decline from $968,047 to $903,868.

Oxford Casino's patrons were more focused on the slots, too, with a net revenue of $7.2 million for March. But, the news wasn't all good—net revenue for table games plummeted by 4% compared to last year, going from $1.5 million to $1.3 million, marking a 12% decrease.

While we don't have January or February 2025 financial reports for the casinos, it's still worth noting that their tax revenue increased significantly by 12.23% year-over-year in January 2025 (no data on February or March has been shared as of April 2025). And though they've yet to weigh in on the specifics, ongoing legislative concerns [1][4] center around LD 1164, a bill that, if passed, would grant exclusive online casino rights to specific tribes, potentially impacting the casinos' revenue and jobs.

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1. Maine Revenue Services
2. Portland Press Herald
3. Maine Gambling Control Unit
4. WABI TV5

This article is intended for informational purposes only and does not constitute financial advice.

Casino revenue figures for February 2025 are not available as of April 2025, making a month-to-month comparison impossible [1].

While no specific March 2025 financial data for Hollywood Casino and Oxford Casino has been released, you can stay tuned for further updates from the Gambling Control Board.

Key January 2025 financial figures for the casinos are:

• Hollywood Casino:
• Net Win for Slots: 8.36%
• Net Win for Table Games: 28.08%
• Oxford Casino:
• Net Win for Slots: 7.59%
• Net Win for Table Games: 21.72%

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1. Despite the overall boost in revenues at Maine's Hollywood Casino and Oxford Casino in March, the Oxford Casino saw a decreasing trend in table games revenue, with a 4% decline year-over-year.
2. The increasing revenue of Maine's casinos, as shown in the March revenue figures, contributes significantly to the state's overall fiscal health, with a 12.23% year-over-year increase in tax revenue in January 2025.
3. As the gambling trends continue to evolve, the personalities behind Maine's casinos, such as those at the Hollywood Casino and Oxford Casino, play a crucial role in maintaining and improving their revenue streams.
4. In the realm of casino-and-gambling legislation, the casinos may face challenges as LD 1164, a bill proposing exclusive online casino rights for specific tribes, could potentially impact the revenue and jobs of the Hollywood Casino and Oxford Casino if passed.

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