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Maryland has its 10th online sports betting operator now that Fanatics is officially live in the state.
On Thursday, the Maryland Lottery and Gaming Control Agency announced the launch of the newest Maryland sports betting operator via a press release. This is the fourth state the Fanatics Sportsbook has launched following successful debuts in Ohio, Tennessee and Massachusetts.
Fanatics setting up shop in Maryland
In addition to a mobile sports betting app, Fanatics also has a retail sportsbook at FedEx Field, home of the Washington Commanders.
The Maryland Stadium Sub, LLC, is doing business as Fanatics Sportsbook.
It should be noted that Fanatics did not gain market access to Maryland via its $150 million acquisition of PointsBet in May. The company was already approved to enter the state in November 2022; however, it was not ready at the time.
Along with Fanatics, there are nine online sportsbooks in Maryland. They are:
- Barstool
- BetFred
- BetMGM
- BetRivers
- Caesars
- DraftKings
- FanDuel
- PointsBet
- SuperBook
The 10 retail sportsbooks in Maryland are:
- Bingo World in Brooklyn Park
- Greenmount Station in Hampstead
- Hollywood Casino in Perryville
- Horseshoe Casino in Baltimore
- Live! Casino in Hanover
- Long Shots in Frederick
- Maryland Stadium Sub at FedEx Field in Landover
- MGM National Harbor in Oxon Hill
- Ocean Downs Casino in Berlin
- Riverboat on the Potomac in Charles County
Fanatics’ launch comes on the heels of a strong April sports betting handle
During April, Maryland sportsbooks combined for over $328.4 million in sports betting handle. As a result, operators collected about $35.6 million in gross revenue. Combined with the tax revenue from Maryland’s six casinos, the state gathered over $76 million in monthly gaming revenue.
Maryland also cashed in on its second-highest sports betting tax haul in a single month with $3.8 million.
Some April highlights include:
- Sportsbook gross revenue was up 92.2% in April 2023 compared to April 2022
- 95.4% of the dollars wagered came from online sportsbooks
- Taxable revenue rose 89.5%
