Maryland sports betting generates $82.1m in revenue for January 2025
Sports wagering in Maryland was able to contribute $8.2m during the period, nearly identical to the total contributed during January 2024.
Key Points
- Retail sports wagering accounted for just under $17.6m of the state’s total handle, which was reported to be $618.8m throughout January 2025
- Maryland was able to increase its sports wagering revenue by 2.6% year-over-year during January 2025 despite recording a win percentage of 13.3% as compared to 14.7% for the prior year period
Maryland Lottery and Gaming has reported that the state increased its sports wagering revenue by 2.6% year-over-year during January 2025 for a total of $82.1m, which also includes $8.2m in contributions for Maryland’s Future Fund.
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The $8.2m in contributions represents the fourth-best single-month total since the state first launched legal sports betting during December 2021. Maryland’s total sports wagering handle during January 2025 was $618.8m which resulted in a 13.6% increase from the prior year period. Mobile betting accounted for $601.3m of the state’s total handle and increased by 13.9% year-over-year.
While retail sports betting was still able to increase by 2.2% year-over-year for a handle of nearly $17.6m during January 2025, the figure represents a stark difference to that of what mobile wagering generated throughout the period.
Good to know: Maryland Lottery and Gaming released the state’s casino revenue for January 2025 on February 5, reporting a total of $151.8m which represents a decrease of nearly $1.5m year-over-year
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Maryland was also able to increase its sports wagering revenue during January 2025 despite recording a win percentage of 13.3% as compared to 14.7% for the prior year period.
The state currently has 11 mobile sports wagering platforms and 13 retail sportsbook locations launched for eligible residents. Since December 2021, sports wagering has contributed nearly $143.3m to Maryland’s Future Fund and $3.6m to the Problem Gambling Fund.
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