Sports Betting Contributes $3.19 Million to the State of Maryland During November


Per the Maryland Lottery:
“Maryland’s 13 retail and 12 mobile sportsbooks that operated during November 2023 combined to generate $3,199,529 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.

November’s statewide handle of $550,716,329 was Maryland’s largest single-month total, surpassing the $497,121,656 wagered in December of 2022. Mobile handle accounted for 96.8% of the total in November at $533,276,787. Mobile wagering delivered $3,052,509 in contributions to the state during November, while retail sportsbooks contributed $147,020.

A detailed summary of each sportsbook’s November 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 November 2023:

Handle (Amount players wagered, including free promotional wagers)

· Retail: $17,439,542 (includes $16,016 in free promotional wagers)

· Mobile: $533,276,787 (includes $28,649,664 in free promotional wagers)

· Combined: $550,716,329

Prizes (Winnings paid to players)

· Retail: $16,307,928

· Mobile: $492,779,418

· Combined: $509,087,346

Hold (Handle less prizes paid)

· Retail: $1,131,614 (6.5%)

· Mobile: $40,497,369 (7.6%)

· Combined: $41,628,982 (7.6%)

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

· Retail: $980,134

· Mobile: $20,350,060

· Combined: $21,330,194

Sports Wagering Tax (15% of the Taxable Win)

· Retail: $147,020

· Mobile: $3,052,509

· Combined: $3,199,529

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

· Cumulative contribution to the Blueprint for Maryland’s Future Fund: $46,253,210

· Cumulative expired prizes contributed to the Problem Gambling Fund: $2,708,307

 

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 November 2023, there were 13 retail locations and 12 mobile operators. Additional retail locations and mobile sportsbooks are expected to launch in the near future.

 

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