Tax revenue from Maryland sports betting nearly triples in September

Maryland’s sports wagering market had the most successful month in its nearly three-year history with the start of the 2024 NFL season.

For September, sports betting in Maryland generated $9.3 million in tax revenue for the state from a handle of over $532 million. A portion of the taxes collected from sports wagering go to the Blueprint or Maryland’s Future Fund, which supports public education programs.

The $9.3 million contribution to the state in September was nearly triple the $3.2 million figure in September 2023. Previously, the top-performing month was January, when sports wagering sent more than $8.2 million to the Blueprint Fund. There were 11 mobile platforms and 12 retail locations operating during September; 12 mobile sportsbooks and 13 retail locations operated during September 2023.

Through the first quarter of Fiscal Year (FY) 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.”

Maryland opened its first retail sportsbooks in December 2021 with online/mobile sports wagering following in November 2022.

Retail Sportsbooks

In-person betting at Maryland retail sportsbooks handled over $13.9 million from bettors in September. Live! Casino & Hotel in Hanover had the top handle of over $4 million. The casino hosts a FanDuel Sportsbook.

Greenmount OTB in Hampstead recorded the lowest retail handle at $150,040.50, The sportsbook, betPARX, is located inside Greenmount Station Restaurant.

Online/Mobile Betting

Online/mobile betting reported a handle of over $518 million. FanDuel’s online sportsbook reported the highest handle at $231 million in September.

Veterans Services Corp. (VSC) and its operator partner Bee-Fee LLC had the lowest handle for online/mobile wagering. VSC reported a $376,570.11 handle for September. The betting service is available at LetsBetMD.com.

Online sports betting handles in Maryland for September 2024:

• FanDuel: $231.8 million
• DraftKings $175.8 million
• BetMGM: $39.3 million
• Caesars Sportsbook: $22.9 million
• Fanatics Sportsbook: $22.4 million
• ESPN BET: $15.5 million
• BetRivers: $6.2 million
• Bally Bet: $3 million
• Crab Sports: $653,984.66
• betPARX: $452,955.76
• LetsBetMD: $376,570.11