Maryland February sports betting handle reaches $442.5m

March 11, 2024
By
Leer en Español

Statewide sports betting contributed $4.2m to Maryland programs during the month.

The Maryland Lottery and Gaming has released its sports betting figures for the month of February. The state generated handle of $442.5m during the month.

In a breakdown of its total handle, nearly $14.1m came from retail sports betting, while the remaining total of $428.4m came from online and mobile sports wagers.

For February, sports betting contributed close to $4.2m, which went to fund Blueprint for Maryland’s Future Fund. The organization supports public education programs.

Currently, Maryland’s sportsbooks contribute 15% of all taxable wins to the Blueprint for Maryland’s Future Fund.

Retail sports betting has been legal in the state of Maryland since 2021. The state opened its online sports wagering market in 2022.

Maryland has 13 mobile sportsbooks and 12 retail sportsbook locations. The state is now considering whether it will expand gambling to include iGaming and iLottery options.

Maryland Senator Ron Watson recently put together a proposal that would legalize online gaming, as well as poker.

Should Watson’s bill pass in the state legislature, online gaming revenue would be taxed 46.5%. The state currently brings in revenue from Maryland’s six casinos, along with its revenue from fantasy sports and statewide sports betting.

Watson pitched a similar bill last year to lawmakers, but the Senate Budget and Taxation Committee did not move forward with the proposal.

Those opposed to an expanded market say that bringing iGaming onto the scene could pose a threat to workers in land-based casinos and put their jobs in jeopardy.

Similar objections have been made regarding an online lottery in Maryland, as well.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.