Maryland sports wagering handle eclipses $400m in June 2025
Sports wagering throughout the state managed to contribute just over $88.9m to Maryland education funds in FY2025, representing a 47.4% increase from the prior year period.
Key Points
- The $403.8m handle for June 2025 equates to a 5% rise year-over-year, primarily driven by mobile betting which accounted for nearly $396.2m of the monthly total
- $346.7m of winnings were paid out between retail and mobile players, creating a hold percentage of 14.1% and a total revenue of just over $57.1m for operators in June 2025
Maryland Lottery and Gaming has reported the state’s sports wagering activity throughout June 2025, as operators reported a total handle of $403.8m between retail and mobile betting, equating to an increase of 5% from the prior year period.
Sports wagering was able to contribute just over $9.2m to the Blueprint for Maryland’s Future Fund, which goes toward supporting public education programs, representing an increase of 61.1% year-over-year. Throughout fiscal year (FY) 2025, running from July 2024 through June 2025, the offering contributed over $88.9m to the fund, rising by 47.4% from the prior year period.
June 2025 handle was primarily generated by mobile wagering, which accounted for $396.2m of the monthly total while retail betting made up the remaining $7.7m, representing an increase of 6.1% year-over-year for online betting but a fall of 32% for its land-based counterpart.
Throughout the month, operators paid out a combined $346.7m of winnings to online and retail players, creating a hold percentage of 14.1% for sportsbooks currently conducting business within Maryland, and a total revenue of just over $57.1m.
Good to know: Maryland Lottery and Gaming reported the retail sportsbook at The Greene Turtle in Canton was closed from June 4–12 while the facility changed operators from betParx to Crab Services
In Maryland, revenue generated by operators from land-based operations are taxed at a rate of 15%, while online betting witnesses a tax rate of 20%, with sports wagering having contributed a total of nearly $177.4m to the education fund since its inception in December 2021.
June 2023
June 2024
June 2025
Sports wagering has also managed to contribute over $4.5m to the state’s Problem Gaming Fund, as Maryland Lottery and Gaming reported 5% of all online proceeds will be directed toward the state’s General Fund beginning in July.
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