Sports Betting Contributes $3.2 Million to the State of Maryland During September

Per the Maryland Lottery: Maryland’s 13 retail and 12 mobile sportsbooks that operated during September 2023 combined to generate $3,231,427 in contributions to the state. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.

Statewide handle in September totaled $442,450,666, with mobile handle accounting for 95.1% of the total at $420,957,789. Mobile wagering delivered $2,888,568 in contributions to the state during September, while retail sportsbooks contributed $342,859. The state’s sports wagering market added its 13th retail location when Canton Gaming and its operator partner Parx Interactive opened a sportsbook at The Greene Turtle in Towson on Sept. 29.

A detailed summary of each sportsbook’s September 2023 results, 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 sports wagering totals for September 2023:

Handle (Amount players wagered, including free promotional wagers)

·         Retail: $21,492,877 (includes $29,190 in free promotional wagers)

·         Mobile: $420,957,789 (includes $23,953,299 in free promotional wagers)

·         Combined: $442,450,666

Prizes (Winnings paid to players)

·         Retail: $18,928,968

·         Mobile: $337,945,774

·         Combined: $396,874,742

Hold (Handle less prizes paid)

·         Retail: $2,563,908 (11.9%)

·         Mobile: $43,012,015 (10.2%)

·         Combined: $45,575,923 (10.3%)

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

·         Retail: $2,285,730

·         Mobile: $19,257,119

·         Combined: $21,542,849

Sports Wagering Tax (15% of the Taxable Win)

·         Retail: $342,859

·         Mobile: $2,888,568

·         Combined: $3,231,427

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

·         Cumulative contribution to the Blueprint for Maryland’s Future Fund:  $37,241,435

·         Cumulative expired prizes contributed to the Problem Gambling Fund:  $2,580,684

Maryland’s sports wagering market launched with five retail locations in December 2021. The first seven mobile sportsbooks launched in November 2022. As of the end of September 2023, there were 13 retail locations and 12 mobile operators. Additional retail locations and mobile sportsbooks are expected to launch in the near future.