According to Maryland’s sports wagering program, Maryland’s sports wagering market completed its ninth-best month in February 2025, generating $6,350,174 in contributions to the state.
Per the news release distributed on Monday, March 10: “Through the first eight months of FY2025 (July 2024 through February 2025), sports wagering has contributed $61,171,291 to the state compared to $37,051,266 for the same period in FY2024. The total of nearly $61.2 million in state contributions through eight months of FY2025 has surpassed the FY2024 full-year total of $60.3 million. Contributions to the state from sports wagering are directed to the Blueprint for Maryland’s Future Fund, which supports public education programs.
Sports bettors in Maryland wagered $475,708,504 during February 2025 and won back $415,733,938 in prizes. Maryland had 11 mobile sports wagering platforms and 13 retail sportsbook locations that operated during February. The Greene Turtle/betParx retail sportsbook in Towson ceased operations on Feb. 9, leaving 12 retail locations currently active.
A detailed summary of the February 2025 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 mdgaming.com.
Here are the statewide totals for February 2025:
Handle (Amount players wagered, including free promotional wagers)
· Retail: $12,535,593 (includes $19,500 in free promotional wagers)
· Mobile: $463,172,911 (includes $16,187,879 in free promotional wagers)
· Combined: $475,708,504
Prizes (Winnings paid to players)
· Retail: $11,782,067
· Mobile: $403,951,871
· Combined: $415,733,938
Hold (Handle less prizes paid)
· Retail: $753,526 (6.0%)
· Mobile: $59,221,040 (12.8%)
· Combined: $59,974,565 (12.6%)
Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)
· Retail: $486,152
· Mobile: $41,848,340
· Combined: $42,334,492
Sports Wagering Tax (15% of the Taxable Win)
· Retail: $72,923
· Mobile: $6,277,251
· Combined: $6,350,174
Since the inception of Maryland’s sports wagering program in December 2021:
· Cumulative contribution to the Blueprint for Maryland’s Future Fund: $149,624,451
· Cumulative expired prizes contributed to the Problem Gambling Fund: $3,693,049″