Maine Casino Revenue Falls 27% in February

Hollywood Casino and Oxford Casino, recorded a significant revenue drop, with a combined total of $10 million. This represents a sharp 27% decline compared to the $13.7 million generated in February 2024, based on the latest figures released by the Maine Gambling Control Unit. The drop in earnings from both slot machines and table games at these establishments has raised questions about the overall health of the state’s gambling industry.

Hollywood Casino Revenue Declines

Hollywood Casino, located in Bangor, reported a noticeable decline in its net revenue. The casino generated $3.3 million from slot machines, reflecting an 18.5% decrease from $4 million recorded in February 2024. Revenue from Hollywood’s table games also took a hit, falling by 20.7%. In February 2025, the casino’s table game revenue totaled $685,448, a decrease from the $864,141 reported for the same month the previous year. This decline suggests that both slot machines and table games are facing lower demand compared to the previous year, potentially due to various market factors.

Oxford Casino, situated in Oxford County, also faced a considerable revenue dip. The casino’s slot game revenue plummeted by 32.3%, from $7.3 million in February 2024 to $5 million in February 2025. Similarly, table game revenue at Oxford Casino fell by 31.7%, from $1.5 million last year to $1 million this year. The decline in both slot machines and table games signals a downturn in the casino’s overall performance. As one of the state’s largest gaming venues, this dip in revenue is concerning and could be reflective of a broader trend in the industry.

Month-over-Month Revenue Comparison

The decrease in revenue was not only evident in year-over-year comparisons but also in month-over-month figures. February’s total net revenue of $10 million marked a 23% decline from the $13 million generated in January 2025. This suggests that the decline is not just seasonal, but also part of a broader trend. Hollywood Casino’s revenue fell from $5 million in January to $4 million in February, representing a 20% decrease. Oxford Casino experienced a similar drop, with its earnings falling from $7.9 million in January to $6 million in February, a 24% decrease.

The month-over-month revenue drop highlights the possibility that Maine’s casino market may be facing additional challenges, such as seasonal fluctuations, increased competition from online gaming platforms, or changes in consumer behavior. Despite this, both Hollywood and Oxford casinos remain essential to the state’s gambling industry, and the full reasons behind the downturn will require further analysis.

Factors Contributing to the Decline

Several factors could explain the decline in casino revenues. One possible explanation is the ongoing competition from online gaming, which has seen significant growth across the U.S. Many states have embraced online sports betting and casino games, leading to a shift in consumer preferences. As more players opt for the convenience of gambling from home, traditional casinos may be feeling the pressure.

Additionally, economic factors such as inflation, increased cost of living, or reduced consumer spending could be influencing people’s discretionary spending habits, including their visits to casinos. Furthermore, other external events, such as changes in local regulations or economic downturns, could be impacting the state’s casino revenues.

The 27% decline in Maine’s casino revenue for February 2025 is a clear indicator that Hollywood Casino and Oxford Casino are facing challenges. Both casinos saw notable reductions in slot and table game revenues, with month-over-month comparisons showing a similar downward trend. While the reasons behind this decline are multifaceted, it is evident that the state’s gambling market may need to adapt to shifting consumer habits, competition from online gambling, and economic factors to maintain profitability in the coming months.

Source:

‘’Casino Revenue Distribution’’, maine.gov.