Maryland Sports Betting Fails To Repeat January Success

Written By Nicholaus Garcia on March 10, 2023
Maryland Sports Betting Revenue 2023 February

To begin the year, Maryland sports betting started on a high note. However, in February, the state failed to repeat the success it saw in December and January. 

For the month, MD sports betting generated just under $340 million in handle, down from January ($441.5 million) and December ($497.1 million).

According to data from the Maryland Lottery and Gaming Control Agency (MLGCA), sports betting contributed $2.8 million in tax revenue.   

Mobile sports betting continues to dominate

Maryland has ten retail and eight mobile sportsbooks. For February, 95.6% of bets were placed on online platforms. The eight online sports betting operators are:

  • Barstool
  • Betfred
  • BetMGM
  • BetRivers
  • Caesars
  • DraftKings
  • FanDuel
  • PointsBet

Other operators, such as the Fanatics Sportsbook and WynnBet, are expected to launch soon. 

According to the MLGCA, the online handle in February was $325,078,708, including over $15.8 million in free promotional play.

FanDuel and DraftKings remain on top

Much like January, FanDuel continues to be the top operator in the state. FanDuel generated $157.7 million in handle in February, slightly down from the $208.9 million generated in January.

The top online sportsbooks in Maryland were:

  1. FanDuel (Live! Casino), generating $157.7 million in handle
  2. DraftKings, with a $100.4 million handle
  3. BetMGM receiving $33.1 million in bets

As for retail sports betting, MGM National Harbor continues its dominance. The casino, which sits across the river from Washington, DC, generated $5.6 million in handle for the month.

Maryland Live! Casino with $3.4 million in handle and Horseshoe Casino with $2.2 million rounded out the top three. 

A complete look at sports betting in Maryland

Since launching in December 2021, MD sports betting has contributed $11.4 million to the Future Fund and $1.3 million to the Problem Gambling Fund.

Each sportsbook gives 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.

Maryland welcomed its tenth retail location on Jan. 20, when Fanatics opened its retail sportsbook at FedEx Field, home of Washington Commanders.

Photo by PlayUSA
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Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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