Sept. 10, 2024
AUGUST 2024 SPORTS WAGERING DATA
Contribution to education funding tops $100 million since start of sports wagering in Maryland
(Baltimore) — Maryland’s sports wagering market generated $5,584,303 in contributions to the state from a handle of $377,381,689 during August 2024. Sports wagering contributions go to the Blueprint for Maryland’s Future Fund, which supports public education programs.
With the August total, the sports wagering program’s cumulative contribution to the Blueprint Fund has surpassed the $100 million mark. Maryland’s first retail sportsbooks launched in December 2021, and mobile sports wagering began in November 2022.
The $5.6 million contribution to the state in August 2024 was more than double the $2.6 million figure in August 2023. The $377.4 million in handle was an increase of 43.1% compared to the $263.7 million total in August 2023. Another $78,740 in expired sports wagering prizes were contributed to the state’s Problem Gambling Fund during August 2024.
There were 11 mobile platforms and 12 retail locations that operated during August 2024; 12 mobile sportsbooks and 12 retail locations operated during August 2023.
A detailed summary of the August 2024 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 available for download from the link above. Prior months’ reports are available at mdgaming.com.
Here are the statewide totals for August 2024:
Handle (Amount players wagered, including free promotional wagers)
- Retail: $8,980,741 (includes $1,100 in free promotional wagers)
- Mobile: $368,400,947 (includes $1,128,170 in free promotional wagers)
- Combined: $377,381,689
Prizes (Winnings paid to players)
- Retail: $7,799,945
- Mobile: $330,331,749
- Combined: $338,131,694
Hold (Handle less prizes paid)
- Retail: $1,180,796 (13.1%)
- Mobile: $38,069,199 (10.3%)
- Combined: $39,249,994 (10.4%)
Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)
- Retail: $1,176,971
- Mobile: $36,051,718
- Combined: $37,228,689
Sports Wagering Tax (15% of the Taxable Win)
- Retail: $176,546
- Mobile: $5,407,758
- Combined: $5,584,303
Since the inception of Maryland’s sports wagering program in December 2021:
- Cumulative contribution to the Blueprint for Maryland’s Future Fund: $100,291,520
- Cumulative expired prizes contributed to the Problem Gambling Fund: $3,377,724
About Maryland Lottery and Gaming
Maryland Lottery and Gaming operates the Maryland Lottery and is responsible for regulatory oversight of the state’s casinos and sports wagering program. In its regulatory role, the agency provides direction and guidance to casino and sports wagering operators on financial, security, regulatory and licensing procedures. To keep Marylanders informed and to maintain transparency of casino and sports wagering operations, monthly financial reports are posted on mdgaming.com. Maryland Lottery and Gaming strongly encourages responsible play. Maryland residents can obtain confidential help with a gambling problem at no cost by calling 1-800-GAMBLER or visiting mdgamblinghelp.org.