Maryland April report: Sports wagering revenue up 47.1%
Handle was up 48% to $486.3m, of which $478m came from mobile wagering.
Maryland Lottery and Gaming has reported the state’s sports wagering revenue for April 2024. In total, revenue for the state, or sports wagering tax, came to $5.7m, up 47.1% year-over-year, of which $5.6m came from mobile sports betting and the remaining $63,504 came from retail sports betting.
Handle from the Old Line State’s 13 retail and 11 mobile sportsbooks totaled $486.3m, up 48.1% year-over-year. Retail sportsbooks made $11.3m in handle, including $9,150 in free promotional wagers, while mobile sports betting made $478m in handle, including $11.1m in free promotional wagers.
In total, $435.9m was paid out to winning players in April. Of this, $11m came from retail ventures and $424.9m came from the mobile sector.
The amount made after deducting prizes, promotions and other amounts, otherwise known as taxable win, came to $37.9m, with mobile sportsbooks once again supplying the majority of revenue at $37.5m.
Total
Mobile
Retail
The sports wagering tax collected in Maryland will go to the Blueprint for Maryland’s Future Fund, designed to support and fund public education programs in the Old Line State. In the first 10 months of the current fiscal year, which began in July 2023, contributions to the fund have totaled $47.6m.
In the fiscal year so far, sports betting handle in Maryland has come to $4.56bn, up a sizable 96.7%. In 2024, there has been debate regarding the legalization of iGaming and poker in the state, being brought up in January. However, the proposal faced opposition from labor unions in March.
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