Maryland’s market is one of the most competitive on the East Coast, with eleven mobile operators alongside many retail sportsbooks. The Maryland Lottery and Gaming Control Commission provides detailed monthly revenue reports, breaking down handle, gross gaming revenue, and tax revenue. Our page organizes that verified data so analysts and media can track Maryland’s growing footprint.
MD Revenue Insights
Record Handle
Tax Surge
12 Online Sportsbooks
Education Focus
Overview on Sports Betting in Maryland
Sports betting was legalized in May 2021 through House Bill 940, signed by then-Governor Larry Hogan. The bill authorized both in-person and mobile wagering. Retail sportsbooks went live in December 2021, followed by the official launch of online sports betting in November 2022. This dual rollout significantly increased consumer access and accelerated market growth, helping Maryland emerge as a competitive U.S. gambling industry. The market includes both retail and mobile sportsbooks, regulated by the Maryland Lottery & Gaming Control Agency (MLGCA). With popular teams and a robust fan base, the state quickly became a major betting hub. Mobile operators are taxed at 20%, retail at 15%, with revenue directed to the Blueprint for Maryland’s Future Fund, supporting education and public programs.
Interested in how different operators compare? Read our in-depth reviews of sportsbooks in Maryland.
Annual Sports Betting Growth in Maryland
Data is pulled directly from the Maryland Lottery & Gaming Annual Reports
Source:
RG
Monthly Sports Betting Growth in Maryland
Data is pulled directly from the Maryland Lottery & Gaming Monthly Reports
Source:
RG
Maryland Sports Betting Average Annual Handle
Data is pulled directly from the Maryland Lottery & Gaming Handle Reports
Source:
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Maryland Retail Sports Betting Annual Handle
Data is pulled directly from the Maryland Lottery & Gaming Retail Revenue Reports
Source:
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Maryland Retail Sports Betting Monthly Handle
Data is pulled directly from the Maryland Lottery & Gaming Retail Revenue Reports
Source:
RG
Maryland Sports Betting Revenue Performance
Maryland’s sports betting market has grown rapidly since its 2021 launch, with year-on-year handle and revenue increases reflecting both the popularity of mobile wagering and the state’s competitive operator landscape.
2023–2024 Combined Mobile/Retail Annual Revenue Data
| Year | Handle | Revenue (GGR) | Hold % | State Taxes |
|---|---|---|---|---|
| 2021 | $16,552,430 | $3,170,001 | 19.20% | $469,297 |
| 2022 | $979,584,836 | $149,480,586 | 13.05% | $6,100,504 |
| 2023 | $4,617,323,134 | $514,081,188 | 11.19% | $46,165,906 |
| 2024 | $5,940,586,770 | $629,812,059 | 10.81% | $82,294,051 |
2025 Mobile/Retail Year-to-Date Revenue Totals
| Month | Handle | GGR | Hold % | State Taxes |
|---|---|---|---|---|
| Jan 2025 | $618,824,226 | $54,964,079 | 13.30% | $8,244,612 |
| Feb 2025 | $475,708,504 | $42,334,492 | 12.60% | $6,350,174 |
| Mar 2025 | $588,500,308 | $29,462,687 | 8.10% | $4,419,403 |
| Apr 2025 | $513,716,232 | $42,398,893 | 11.50% | $6,359,834 |
| May 2025 | $504,448,190 | $51,642,420 | 13.10% | $7,746,363 |
| Jun 2025 | $403,841,872 | $346,732,134 | 14.10% | $9,226,682 |
| Jul 2025 | $364,075,296 | $36,476,351 | 12.20% | $7,252,318 |
| Aug 2025 | $434,220,458 | $45,536,710 | 12.10% | $9,039,368 |
| Sept 2025 | $650,971,388 | $67,894,919 | 11.20% | $13,473,873 |
Latest Updates in Maryland's Sports Wagering Sector
- May 21, 2025 – Governor Moore signed legislation raising the mobile sports betting tax from 15% to 20%, effective June.
- Feb 9, 2025 – Senator Joanne Benson filed SB 1033, proposing the repeal of online sports wagering beginning Jan 1, 2026.
- June 28, 2025 – The city of Baltimore sued major sportsbooks like FanDuel over predatory marketing practices targeting vulnerable populations.
Maryland Snapshot
| Key Aspect | Details |
|---|---|
| Population | Approximately 6.31 million residents as of 2025 (World Population Review, 2025). |
| Political Affiliation | Predominantly Democratic, the party controls the governorship and has a majority in the state legislature (270towin.com). |
| Year Sports Betting Legalized | Permitted from April 5, 2021. Sports betting operations began in September 2021. |
| Online Sportsbooks | 11 including BetMGM, FanDuel, Caesars, Fanatics Sportsbook, DraftKings, BetRivers, ESPN BET, BallyBet, Crab Sports, Superbook, and LetsBetMD. |
| Professional Sports Teams | Baltimore Ravens (NFL), Baltimore Orioles (MLB), University of Maryland Terrapins (NCAA). |
FAQs
General Questions About Maryland Sports Betting
When did Maryland legalize sports betting?
Maryland legalized sports betting in May 2021 with the signing of House Bill 940, allowing for both retail casino sportsbooks and online wagering platforms.
What types of bets are available in Maryland?
Bettors can place various bets on major sports, including NFL games, basketball, baseball, and more.
Who regulates sports betting in Maryland?
The Maryland Lottery and Gaming Commission oversees all sports wagering activities in the state to ensure compliance and fair play.
Maryland Sports Betting Revenue
How much revenue does Maryland’s sports wagering market generate?
Maryland's sports wagering market continues to grow, with a total handle of $4.6 billion reported in the 2023 fiscal year. This performance yielded $514 million in taxable wins, and state tax revenue contributions reached $46.2 million.
How does the fiscal year impact revenue tracking?
Maryland tracks sports wagering revenues based on the fiscal year, which runs from July to June. Key milestones in revenue growth often align with major sporting events, such as the football season.
What sets Maryland apart from other states like Michigan?
Maryland’s inclusion of localized online wagering options, such as Crab Sports, and its emphasis on additional public funding through the Blueprint for Maryland’s Future Fund position it uniquely in the sports betting landscape.
Maryland Online Sports Betting
When did Maryland’s online wagering platforms launch?
Online wagering in Maryland launched on November 23, 2022, providing residents access to various operators and betting options.
Which operators are active in Maryland?
The Old Line State features ten major operators, including:
- BetMGM
- FanDuel
- DraftKings
- Caesars
- Fanatics Sportsbook
- BetRivers
- ESPN BET
- Bally Bet
- Crab Sports
- LetsBetMD
How do operators generate additional funding for the state?
By attracting bettors during peak times, such as the NFL season, operators contribute a portion of their taxable win to state programs like public schools and infrastructure initiatives.
Impact of Maryland’s Sports Betting on State Programs
How is sports betting tax revenue used in Maryland?
Tax revenue supports key initiatives:
- The Blueprint for Maryland’s Future Fund to enhance education.
- Responsible gambling programs through the Maryland Problem Gambling Fund.
- Unclaimed winnings are redirected to support problem gambling prevention.
How does sports betting revenue help generate additional funding?
By aligning tax structures and incentivizing operators to limit promotional play, Maryland ensures tax revenue growth while maintaining a responsible gaming environment.
Seasonal Trends and Industry Insights
Which seasons see the most wagers placed in Maryland?
The football season, particularly the NFL season, drives significant wagering activity, with June, July, and September marking key months for sportsbook promotions and operator engagement.
What concerns do regulators have about the market?
Regulators remain concerned about maintaining market integrity, ensuring limits are in place for responsible gambling, and balancing competition among operators to benefit consumers.
How do major sporting events affect betting trends?
Events like the Super Bowl, March Madness, and playoff games contribute to spikes in bets and handle, with operators reporting record activity during these periods.
Future of Maryland’s Sports Betting Market
What does the future hold for Maryland's sports wagering market?
Maryland's sports betting market is expected to grow steadily as more operators enter the space and more bettors wager during key sporting events. The state will likely continue to see increased money collected from sports betting taxes to fund public programs.
How does Maryland compare to Michigan?
While both states boast robust markets, Maryland's diverse mix of local operators and emphasis on generating additional funding through education-focused programs offers unique advantages.
