Sports wagering contributes nearly $5.7 million to state of Maryland in June

BALTIMORE, MD—Maryland’s sports wagering market generated $5,728,503 in contributions to the state from a handle of $384,687,982 during June 2024. Sports wagering contributions go to the Blueprint for Maryland’s Future Fund, which supports public education programs.

The $5.7 million contribution to the state in June 2024 was the fifth-best single-month total and was more than double the $2.8 million figure recorded in June 2023. The $384.7 million in handle was an increase of 51.2% compared to the $254.5 million total in June 2023.

Sports wagering data is tracked and reported based on the State of Maryland’s fiscal year, which runs from July 1 through June 30. For the 12 months of Fiscal Year 2024, sports wagering contributed $60,311,456 to the Blueprint for Maryland’s Future Fund. Another $985,862 in expired sports wagering prizes were contributed to the state’s Problem Gambling Fund during FY2024.

A detailed summary of the June 2024 results for each sportsbook, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, along with a summary of statewide handle and hold by sport is available for download at https://www.mdgaming.com.

Here are the statewide totals for June 2024:

Handle (Amount players wagered, including free promotional wagers)

• Retail: $11,268,992 (includes $5,500 in free promotional wagers)
• Mobile: $373,418,990 (includes $811,187 in free promotional wagers)
• Combined: $384,687,982

Prizes (Winnings paid to players)

• Retail: $10,844,623
• Mobile: $334,174,477
• Combined: $345,019,100

Hold (Handle less prizes paid)

• Retail: $424,369 (3.8%)
• Mobile: $39,244,513 (10.5%)
• Combined: $39,668,882 (10.3%)

Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)

• Retail: $684,981
• Mobile: $37,505,042
• Combined: $38,190,023

Sports Wagering Tax (15% of the Taxable Win)

• Retail: $102,747
• Mobile: $5,625,756
• Combined: $5,728,503

Since the inception of Maryland’s sports wagering program in December 2021:

• Cumulative contribution to the Blueprint for Maryland’s Future Fund: $88,453,160
• Cumulative expired prizes contributed to the Problem Gambling Fund: $3,210,030