Md. sportsbooks generate millions

(Aug. 18, 2023) Maryland’s 10 retail and 11 mobile sportsbooks, including Ocean Downs Casino off of Route 611, combined to generate more than $3.3 million in contributions to the state for the month of July, and $25.3 million for all of Fiscal Year 2023.

According to a news release, each sportsbook contributes 15 percent of taxable wins to the Blueprint for Maryland’s Future Fund, which supports public education programs.

Statewide handle in July totaled more than $247.4 million, with mobile handle accounting for 96 percent of the total at over $237.5 million. Mobile wagering delivered more than $3 million in state contributions, while retail sportsbooks contributed over $231,300 for the month.

The state’s sports wagering market added Crab Sports and operate iGaming Cloud as a new mobile licensee on July 13, becoming the 11th mobile sportsbook.

The Maryland Lottery and Gaming Control Commission also issued a mobile sports wagering license to

Greenmount Station and operator partner Parx Interactive this week. The betParx mobile platform conducted a successful controlled demonstration on Aug. 8, and launched operations soon after.

The release said a detailed summary of each sportsbook’s July 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 available for download at mdgaming.com.

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 July, there were 10 retail locations and 11 mobile operators. More retail locations and mobile sportsbooks are expected to launch in the near future.

(Aug. 17, 2023) The Maryland Lottery and Gaming Control Agency helped to generate nearly $1.6 billion in contributions to the state during Fiscal Year 2023 from lottery ticket sales, the state’s six casinos, sports wagering and daily fantasy sports.

According to a news release, from July 1, 2022 through June 30, 2023, the combined contribution to the state included $848.1 million from casinos; $714.3 million from the lottery; $25.3 million from sports wagering; and $1.2 million from daily fantasy sports. Maryland Lottery and Gaming is the state’s fourth-largest source of revenue after income, sales and corporate taxes.

“The Maryland Lottery launched in 1973 with the mission to generate revenue for the state’s good causes,” Maryland Lottery and Gaming Director John Martin said in the release. “As we’ve been celebrating our 50th anniversary this year, we’ve also been navigating a gaming landscape that is continually evolving, most recently with the addition of sports wagering. But as we adapt to new responsibilities, we’re always mindful of that core mission, and we’re proud to do our part.”