Sports Wagering Contributes $3.2 Million to Maryland During November

December 13, 2023 | Sports Betting

Statewide handle surpasses $550 million

Baltimore, Maryland (December 11, 2023) — Maryland’s 13 retail and 12 mobile sportsbooks that operated during November 2023 combined to generate $3,199,529 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.November’s statewide handle of $550,716,329 was Maryland’s largest single-month total, surpassing the $497,121,656 wagered in December of 2022. Mobile handle accounted for 96.8% of the total in November at $533,276,787. Mobile wagering delivered $3,052,509 in contributions to the state during November, while retail sportsbooks contributed $147,020.A detailed summary of each sportsbook’s November 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 from the link above. Prior months’ reports are available at mdgaming.com.

Here are the statewide sports wagering totals for November 2023:

Handle (Amount players wagered, including free promotional wagers)

  • Retail: $17,439,542 (includes $16,016 in free promotional wagers)
  • Mobile: $533,276,787 (includes $28,649,664 in free promotional wagers)
  • Combined: $550,716,329

Prizes (Winnings paid to players)

  • Retail: $16,307,928
  • Mobile: $492,779,418
  • Combined: $509,087,346

Hold (Handle less prizes paid)

  • Retail: $1,131,614 (6.5%)
  • Mobile: $40,497,369 (7.6%)
  • Combined: $41,628,982 (7.6%)

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

  • Retail: $980,134
  • Mobile: $20,350,060
  • Combined: $21,330,194

Sports Wagering Tax (15% of the Taxable Win)

  • Retail: $147,020
  • Mobile: $3,052,509
  • Combined: $3,199,529

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

  • Cumulative contribution to the Blueprint for Maryland’s Future Fund: $46,253,210
  • Cumulative expired prizes contributed to the Problem Gambling Fund: $2,708,307

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 November 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.

NOVEMBER 2023 SPORTS WAGERING DATA (Excel download)
SOURCE: Maryland Lottery and Gaming.
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