Nearly $545 Million Waged by Sportsbooks Last Month in Maryland; Sports Betting Contributes $8.2 Million to State

According to Maryland Lottery & Gaming, Maryland’s sports wagering market generated $8,246,847 in contributions to the state from a handle of $544,971,369 during January 2024.

“The calendar is always the driving force in sports wagering, and the football playoffs in January reliably produce strong numbers,” said Maryland Lottery and Gaming Director John Martin. “The AFC Championship game didn’t go the way Ravens fans were hoping or expecting, which may have contributed to the results we saw. It’s a reminder that unforeseen outcomes happen, so it’s always best for anyone who wagers to set a budget, have a plan and stick to it, and keep the focus on having fun.”

Sports wagering data is tracked and reported based on the State of Maryland’s fiscal year, which runs from July 1 through June 30. During the first seven months of Fiscal Year 2024 (July 2023 through January 2024), sports wagering has contributed $32,840,755 to the state. February totals, which will include wagers on the Super Bowl, will be reported on March 11.

A detailed summary of the January 2024 results for Maryland’s 13 retail and 12 mobile sportsbooks, 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

Here are the statewide totals for January 2024:

Handle (Amount players wagered, including free promotional wagers)

·         Retail: $17,192,740 (includes $8,028 in free promotional wagers)

·         Mobile: $527,778,629 (includes $22,381,924 in free promotional wagers)

·         Combined: $544,971,369

Prizes (Winnings paid to players)

·         Retail: $15,464,968

·         Mobile: $449,505,750

·         Combined: $464,970,718

Hold (Handle less prizes paid)

·         Retail: $1,727,772 (10.0%)

·         Mobile: $78,272,879 (14.8%)

·         Combined: $80,000,652 (14.7%)

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

·         Retail: $1,691,417

·         Mobile: $53,287,561

·         Combined: $54,978,978

Sports Wagering Tax (15% of the Taxable Win)

·         Retail: $253,713

·         Mobile: $7,993,134

·         Combined: $8,246,847

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

·         Cumulative contribution to the Blueprint for Maryland’s Future Fund:  $60,982,459

·         Cumulative expired prizes contributed to the Problem Gambling Fund:  $2,797,966

Recent Stories

The changes are happening quickly in Washington, as new GM Adam Peters has made the decision to release two longtime starters for the Commanders- Left Tackle Charles Leno and Tight…

The Montgomery County Animal Services and Adoption Center (MCASAC) at 7315 Muncaster Mill Road in Derwood is celebrating 10 years of service by reducing adoption fees to $10 for new…

Update: Northbound Frederick Road (MD-355) is closed from Clarksburg Road to Snowden Farm Parkway due to a traffic incident; southbound lanes on Frederick Road (MD-355) are open. A collision has…

The Metro Transit Police Department (MTPD) are investigating a death that occurred Friday morning at the Silver Spring Metro Station.

AC Milan Soccer Camp at Maryland Soccerplex

AC Milan Academy is hosting a soccer camp at Maryland Soccerplex from March 1st through March 3rd for girls and boys aged 5 to 16 from any club who want to develop their soccer skills and learn the unique methodology of AC Milan directly from AC Milan coaches.

March 1st (Friday) 6pm-7:30pm

March 2nd (Saturday) 6pm-7:30pm

March 3rd (Sunday) 10:30am -12pm and 3:30pm-5pm

Location:18031 Central Park Cir, Boyds, MD 20841

Price: $349 + AC Milan Junior Camp Kit


Subscribe to our mailing list