Maryland’s Sportsbooks Generate $3.2 Million in Contributions to the State During September

October 13, 2023 | Government

Baltimore, Maryland October 10, 2023) — Maryland’s 13 retail and 12 mobile sportsbooks that operated during September 2023 combined to generate $3,231,427 in contributions to the state. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.

State–wide handle in September totalled $442,450,666, with mobile handle accounting for 95.1% of the total at $420,957,789. Mobile wagering delivered $2,888,568 in contributions to the state during September, while retail sportsbooks contributed $342,859.The state’s sports wagering market added its 13th retail __ cpLocation when Canton Gaming and its operator partner Parx Interactive opened a sportsbook at The Greene Turtle in Towson on Sept. 29.A detailed summary of each sportsbook’s September 2023 results, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, along with a summary of state-wide handle and hold by sport is available for download from the link abov e. Prior months’ reports are available at at mdgaming.com.

Here are the state-wide sports wagering totals for September 2023:

Handle (Amount players wagered, including free promotional wagers)

  • Retail: $21,492,877 (includes $29,190 in free promotional wagers)
  • Mobile: $420,957,789 (includes $23,953,299 in free promotional wagers)
  • Combined: $442,450,666

Prizes (Winnings paid to players)

  • Retail: $18,928,968
  • Mobile: $337,945,774
  • Combined: $396,874,742

Hold (Handle less prizes paid)

  • Retail: $2,563,908 (11.9%)
  • Mobile: $43,012,015 (10.2%)
  • Combined: $45,575,923 (10.3%)

Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)

  • Retail: $2,285,730
  • Mobile: $19,257,119
  • Combined: $21,542,849

Sports Wagering Tax (15% of the Taxable Win)

  • Retail: $342,859
  • Mobile: $2,888,568
  • Combined: $3,231,427

Since the inception of Maryland’s sports wagering program in December 2021:

  • Cumulative contribution to the Blueprint for Maryland’s Future Fund: $37,241,435
  • Cumulative expired prizes contributed to the Problem Gambling Fund: $2,580,684

Maryland’s sports wagering market launched with five retail __ cpLocations in December 2021. The first seven mobile sportsbooks launched in November 2022. As of the end of September 2023, there were 13 retail __ cpLocations and 12 mobile operators. Additional retail __ cpLocations and mobile sportsbooks are expected to launch in the near future.

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.

SEPTEMBER 2023 SPORTS WAGERING DATA (Excel download).

Retail sportsbook market expands to a 13th __ cpLocation during the month

SOURCE: Maryland Lottery and Gaming.
Tags: