According to Maryland Lottery & Gaming, Maryland’s sports wagering market generated $5,728,503 in contributions to the state from a handle of $384,687,982 during June 2024. Sports wagering contributions go to the Blueprint for Maryland’s Future Fund, which supports public education programs.
Sports wagering data is tracked and reported based on the State of Maryland’s fiscal year, which runs from July 1 through June 30. For the 12 months of Fiscal Year 2024, sports wagering contributed $60,311,456 to the Blueprint for Maryland’s Future Fund. Another $985,862 in expired sports wagering prizes were contributed to the state’s Problem Gambling Fund during FY2024.
A detailed summary of the June 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 included in the attached chart and available for download at mdgaming.com.
Here are the statewide totals for June 2024:
Handle (Amount players wagered, including free promotional wagers)
· Retail: $11,268,992 (includes $5,500 in free promotional wagers)
· Mobile: $373,418,990 (includes $811,187 in free promotional wagers)
· Combined: $384,687,982
Prizes (Winnings paid to players)
· Retail: $10,844,623
· Mobile: $334,174,477
· Combined: $345,019,100
Hold (Handle less prizes paid)
· Retail: $424,369 (3.8%)
· Mobile: $39,244,513 (10.5%)
· Combined: $39,668,882 (10.3%)
Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)
· Retail: $684,981
· Mobile: $37,505,042
· Combined: $38,190,023
Sports Wagering Tax (15% of the Taxable Win)
· Retail: $102,747
· Mobile: $5,625,756
· Combined: $5,728,503
Since the inception of Maryland’s sports wagering program in December 2021:
· Cumulative contribution to the Blueprint for Maryland’s Future Fund: $88,453,160
· Cumulative expired prizes contributed to the Problem Gambling Fund: $3,210,030