Maryland reports sports wagering handle of $513.7m for April 2025
The figure represents an increase of 5.6% year-over-year, while contributions to the state were reported to be just under $6.4m for April 2025, growing by 11.8% from the prior year period.
Key Points
- Online sports wagering accounted for the vast majority of handle and revenue generated from sports betting for April 2025, reporting over $501.4m in wagers and $58.8m of hold
- Operators pay 15% of taxable proceeds to the Blueprint for Maryland’s Future Fund, which has reportedly witnessed $160.4m of funding since its inception during 2021
Maryland Lottery and Gaming has reported the financial contributions from sports wagering for April 2025, having generated a handle of $513.7m throughout the period for an increase of 5.6% year-over-year, primarily driven by online wagering which accounted for $501.4m of all wagers.
Total contributions to the state’s Blueprint for Maryland’s Future Fund were reported to be $6.4m for April 2025, equating to an increase of 11.8% from the prior year period, and have totaled over $160.4m since the Fund’s inception during December 2021.
April 2022
April 2023
April 2024
April 2025
The state had 11 mobile sports wagering platforms and 12 retail sportsbook locations that operated throughout April 2025.
While online wagering managed to generate a revenue figure of more than $58.8m throughout the period, retail sports wagering accounted for just $355.6k of hold and $12.3m of handle for April 2025.
Good to know: The Maryland Lottery and Gaming Control Commission issued letters to KalshiEX (Kalshi), Robinhood Derivatives (Robinhood) and North American Derivatives on April 7, ordering the commodity trading businesses to stop offering sports events contracts
With the combined $59.2m of revenue for sports betting operators during the month, the figure equates to a hold percentage of 11.5%, as players took home $454.5m in prizes for April 2025.
April 2023
April 2024
April 2025
Throughout the first 10 months of fiscal year (FY) 2025, Maryland Lottery and Gaming reported a sports wagering handle of $5.3bn, which equates to an increase of 16.5% from the prior year period. Taxable win for operators has amounted to nearly $479.7m up to this point in FY2025, while contributions to the state have grown 49.9% year-over-year to $71.4m.
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