Maryland reports highest single-month sports wagering handle at $550.7m
November handle was generated between 13 retail and 12 mobile sportsbooks, with $3.2m in revenue going to the state.
The Old Line State has reported its handle and revenue for November 2023. The total generated for Maryland was $3.2m, while handle sat at the highest reported since December 2022 at $550.7m.
Last month, the state reported its highest total for sports wagering in a single month at $5.8m. This difference from last month reflects a 45% decrease from October, yet despite this handle was up 14%, from $483.1m last month to $550.7m this month.
Of this handle, mobile handle contributed over 96% for a total of $533.3m. Retail contributed less than 4%, with a total month’s handle of $17.4m.
Total taxable win in Maryland in November was $21.3m, with a similar disparity in the amount generated by mobile over retail. Mobile generated $20.4m in November while retail generated less than $1m, at $980,000.
Sports wagering became legal in the state in December 2021, giving five licenses to land-based operators including MGM National Harbor in Oxon, Live Casino & Hotel in Hanover and Berlin’s Ocean Downs Casino. There are now 13 retail and 12 mobile sportsbooks in the state.
November casino revenue totaled $157.7m in the Old Line State, accounting for revenue generated by slots and table games. This amount was slightly down year-on-year, with a decline of 3.5%.
Both sports wagering and casino earnings are returned to the state as contributions to the Government to aid the community in aspects such as education. Casinos generated $66.2m for the state of which $47.7m went to the Education Trust Fund while sports wagerings $3.2m state contribution went to the Blueprint for Maryland’s Future Fund, which also supports public education programs.
Between these two gaming industries, that is a total return to the state of $69.4m.
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