Sports wagering contributes $6.3 million to state of Maryland during July

BALTIMORE, MD—Maryland’s sports wagering market generated $6,254,056 in contributions to the state from a handle of $333,269,669 during July 2024. Sports wagering contributions go to the Blueprint for Maryland’s Future Fund, which supports public education programs.

The $6.3 million contribution to the state in July 2024 was the fourth-best single-month total and was nearly double the $3.3 million figure recorded in July 2023. The $333.3 million in handle was an increase of 34.7% compared to the $247.4 million total in July 2023. Another $88,955 in expired sports wagering prizes was contributed to the state’s Problem Gambling Fund during July 2024.

There were 13 mobile platforms and 12 retail locations that operated during July 2024; 11 mobile sportsbooks and 10 retail locations operated during July 2023.

A detailed summary of the July 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 included in the attached chart and available for download at mdgaming.com.

Here are the statewide totals for July 2024:

Handle (Amount players wagered, including free promotional wagers)

• Retail: $8,368,990 (includes $1,200 in free promotional wagers)
• Mobile: $324,900,680 (includes $1,004,098 in free promotional wagers)
• Combined: $333,269,669

Prizes (Winnings paid to players)

• Retail: $7,097,679
• Mobile: $282,407,010
• Combined: $289,504,690

Hold (Handle less prizes paid)

• Retail: $1,271,311 (15.2%)
• Mobile: $42,493,669 (13.1%)
• Combined: $43,764,980 (13.1%)

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

• Retail: $1,004,511
• Mobile: $40,689,198
• Combined: $41,693,709

Sports Wagering Tax (15% of the Taxable Win)

• Retail: $150,677
• Mobile: $6,103,380
• Combined: $6,254,056

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

• Cumulative contribution to the Blueprint for Maryland’s Future Fund: $94,707,217
• Cumulative expired prizes contributed to the Problem Gambling Fund: $3,298,984

Photo via Chris Montcalmo Photography