BALTIMORE, MD—With the kickoff of the 2024 football season in September, Maryland’s sports wagering market had the most successful month in its nearly three-year history, generating $9,379,598 in contributions to the state from a handle of $532,866,676. Sports wagering contributions go to the Blueprint for Maryland’s Future Fund, which supports public education programs.
Maryland’s first retail sportsbooks opened in December 2021, and mobile sports wagering launched in November 2022.
The $9.4 million contribution to the state in September 2024 was nearly triple the $3.2 million figure in September 2023. Previously, the top-performing month was January 2024, when sports wagering sent more than $8.2 million to the Blueprint Fund. There were 11 mobile platforms and 12 retail locations that operated during September 2024; 12 mobile sportsbooks and 13 retail locations operated during September 2023.
Through the first quarter of Fiscal Year 2025 (July 2024 through September 2024), sports wagering contributions to the state totaled $21.2 million, compared to $9.1 million for the same period in FY2024.
“We’re encouraged that the sports wagering market continues to generate additional funding to support schools, and at the same time we also encourage everyone to be responsible about their betting,” said Maryland Lottery and Gaming Director John Martin. “Mobile wagering apps have tools that allow you to set limits on your activity. If you bet, please enjoy it in moderation and leave room to simply have fun watching the games and being a sports fan.”
A detailed summary of the September 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 https://www.mdgaming.com.
Here are the statewide totals for September 2024:
Handle (Amount players wagered, including free promotional wagers)
- Retail: $13,956,040 (includes $10,580 in free promotional wagers)
- Mobile: $518,910,635 (includes $1,658,763 in free promotional wagers)
- Combined: $532,866,676
Prizes (Winnings paid to players)
- Retail: $11,984,442
- Mobile: $455,450,435
- Combined: $467,434,876
Hold (Handle less prizes paid)
- Retail: $1,971,599 (14.1%)
- Mobile: $63,460,201 (12.2%)
- Combined: $65,431,800 (12.3%)
Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)
- Retail: $1,870,785
- Mobile: $60,659,868
- Combined: $62,530,653
Sports Wagering Tax (15% of the Taxable Win)
- Retail: $280,618
- Mobile: $9,098,980
- Combined: $9,379,598
Since the inception of Maryland’s sports wagering program in December 2021:
- Cumulative contribution to the Blueprint for Maryland’s Future Fund: $109,671,118
- Cumulative expired prizes contributed to the Problem Gambling Fund: $3,431,146
Maryland Lottery and Gaming operates the Maryland Lottery and is responsible for regulatory oversight of the state’s casinos and sports wagering program. In its regulatory role, the agency provides direction and guidance to casino and sports wagering operators on financial, security, regulatory and licensing procedures.
To keep Marylanders informed and to maintain transparency of casino and sports wagering operations, monthly financial reports are posted on https://www.mdgaming.com.
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