Maryland’s sportsbooks combined to generate more than $2.8m in contributions to the state during June 2023.
The Old Line State has 10 retail sportsbooks and 10 mobile sportsbooks. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, a government fund that supports public education programs.
Maryland’s statewide handle in June totaled $254.5m. Mobile handle accounted for 95.8% of the total, at more than $243.8m.
Mobile wagering contributed more than $2.7m to the state in June, while retail sportsbooks contributed more than $91,000.
Maryland’s sports wagering market opened with five retail locations in December 2021. The first seven of its mobile sportsbooks launched in November 2022. More retail and mobile sportsbook locations are expected to launch in Maryland in the near future.
Here are the wagering totals for Maryland in June 2023.
Handle:
- Retail – About $10.7m
- Mobile – More than $243.8m
Prizes:
- Retail: More than $10m
- Mobile: More than $217.3m
Hold:
- Retail: More than $633,000
- Mobile: More than $26.3m
Taxable Win:
- Retail: More than $608,000
- Mobile: More than $18.2m
Sports Wagering Tax (15% of Taxable Win):
- Retail: More than $91,000
- Mobile: More than $2.7m
Since Maryland’s sports wagering program began, the cumulative contribution to the Blueprint for Maryland’s Future Fund has received more than $28m and the cumulative expired prizes contributed to the Problem Gambling Fund has been more than $2.2m.
