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Sports wagering contributes $2.8 million to State of Maryland during June

BALTIMORE, MD—Maryland’s 10 retail and 10 mobile sportsbooks combined to generate $2,835,051 in contributions to the state during June 2023. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.

Statewide handle in June totaled $254,476,790, with mobile handle accounting for 95.8% of the total at $243,817,173. Mobile wagering delivered $2,743,809 in contributions to the state during June, while retail sportsbooks contributed $91,242.

A detailed summary of each sportsbook, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, along with a summary of statewide handle and hold by sport is included in the attached chart and available for download at mdgaming.com.

Here are the statewide sports wagering totals for June 2023:

Handle (Amount players wagered, including free promotional wagers)

  • Retail: $10,659,617 (includes $3,895 in free promotional wagers)
  • Mobile: $243,817,173 (includes $7,754,571 in free promotional wagers)
  • Combined: $254,476,790

Prizes (Winnings paid to players)

  • Retail: $10,025,716
  • Mobile: $217,373,956
  • Combined: $227,399,672

Hold (Handle less prizes paid)

  • Retail: $633,901 (5.9%)
  • Mobile: $26,443,217 (10.8%)
  • Combined: $27,077,118 (10.6%)

Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)

  • Retail: $608,277
  • Mobile: $18,292,060
  • Combined: $18,900,337

Sports Wagering Tax (15% of the Taxable Win)

  • Retail: $91,242
  • Mobile: $2,743,809
  • Combined: $2,835,051

Since the inception of Maryland’s sports wagering program in December 2021:

  • Cumulative contribution to the Blueprint for Maryland’s Future Fund: $28,141,705
  • Cumulative expired prizes contributed to the Problem Gambling Fund: $2,224,168

Maryland’s sports wagering market launched with five retail locations in December 2021. The first seven mobile sportsbooks launched in November 2022. As of the end of June 2023, there were 10 retail locations and 10 mobile operators. Additional retail locations and mobile sportsbooks are expected to launch in the near future.

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