Based on Maryland Lottery and Gaming, Maryland’s sports activities wagering market generated $11,798,035 in contributions to the state throughout November 2024, the most important single-month complete this system has produced since its launch in December 2021.
Per the information launch, “Sports activities wagering contributions to the state are directed to the Blueprint for Maryland’s Future Fund, which helps public education schemes. The biggest earlier single-month contribution was $9.4 million in September 2024. Via the primary 5 months of Fiscal Yr 2025 (July 2024 by means of November 2024), sports activities wagering has delivered $40,065,740 to the Blueprint Fund, in comparison with $18,111,505 for a similar interval in FY2024.
Sports activities bettors in Maryland wagered $639,867,400 throughout November 2024 and gained again $557,528,805 in prizes. The $639.9 million in wagers marked the state’s largest single-month deal with, surpassing the $593.1 million determine in October 2024. Maryland has 11 cell sports activities wagering platforms and 12 retail sportsbook areas.
An in depth abstract of the November 2024 outcomes for every sportsbook, together with deal with, maintain share, prizes paid, promotional play, taxable win, and contribution to the state is included within the hooked up chart and obtainable for obtain at mdgaming.com.”
Listed below are the statewide totals for November 2024:
Deal with (Quantity gamers wagered, together with free promotional wagers)
· Retail: $18,855,289 (contains $2,650 in free promotional wagers)
· Cell: $621,012,112 (contains $1,622,413 in free promotional wagers)
· Mixed: $639,867,400
Prizes (Winnings paid to gamers)
· Retail: $16,944,794
· Cell: $540,584,011
· Mixed: $557,528,805
Maintain (Deal with much less prizes paid)
· Retail: $1,910,494 (10.1%)
· Cell: $80,428,101 (13.0%)
· Mixed: $82,338,595 (12.9%)
Taxable Win (Quantity remaining after deducting prizes, promotional wagers and different quantities)
· Retail: $1,359,988
· Cell: $77,293,580
· Mixed: $78,653,567
Sports activities Wagering Tax (15% of the Taxable Win)
· Retail: $203,998
· Cell: $11,594,037
· Mixed: $11,798,035
For the reason that inception of Maryland’s sports activities wagering program in December 2021:
· Cumulative contribution to the Blueprint for Maryland’s Future Fund: $128,518,900
· Cumulative expired prizes contributed to the Drawback Playing Fund: $3,572,211
