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Goldman Sachs

June 6, 2026

Americas Gaming: Maryland May GGR Trends

Sector ReportEquitiesConsumer Discretionary

Maryland reported a -4% y/y decrease in Gross Gaming Revenue (GGR) for May. The data provides early insight into the performance of regional assets for operators like Caesar's Entertainment and MGM Resorts.

Key Takeaways

  • 1.Maryland Gross Gaming Revenue (GGR) decreased 4% year-over-year in May.
  • 2.Horseshoe Baltimore (CZR) grew 2% y/y in May, while MGM National Harbor declined 7% y/y.

Table of Contents

  • Bottom Line
  • Disclosure Appendix
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Regulatory disclosures
  • Ratings, coverage universe and related definitions

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