Maryland Sports Gambling Up In November, But Tax Revenue Decreases

Written By Katarina Vojvodic on December 12, 2023
Green Bay Packers Wide Receiver Romeo Doubs Makes Catch during NFL football game

Maryland’s sports betting handle of $550.72 million in November was the largest single-month total, surpassing the $497.12 million recorded in December 2022. Of the November total, online sports betting handle accounted for 96.8%, resulting in $533,276,787.

The November handle represents a 13.99% growth from Maryland’s October sports betting handle of $483.15 million, which was the previous second-highest handle. With football season playoffs approaching fast, there’s a good possibility we’ll see another high in December.

Maryland’s sports betting market went live with five retail locations in December 2021. A year later, the first seven online sportsbooks launched in November 2022.

There are currently 13 retail locations and 12 mobile operators, with additional operators expected to launch.

Maryland sportsbooks pay $3.2M in taxes, a 45% monthly drop

The Maryland Lottery and Gaming reported that 13 retail and 12 mobile sportsbooks combined to generate $3.20 million in contributions to the state in November. The figure is a 44.95% monthly drop.

To be more specific, in November:

  • Online gambling brought in $3,052,509
  • Retail sportsbooks delivered $147,020

Throughout November, Maryland operators generated $21.3 million in adjusted revenue (taxable win). The figure is a 41.84% month-over-month decrease from October’s $36.68 million.

Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs. Here’s a total from December 2021 inception through November 2023:

  • Blueprint for Maryland’s Future Fund: $46,253,210
  • Maryland Problem Gambling Fund: $2,708,307

ESPN BET debuts in Maryland in November

ESPN BET (Hollywood Casino), which entered Maryland on Nov. 14, made success in its business. PENN Entertainment’s new platform (launched as a replacement for Barstool) recorded a handle of $33.31 million, the fourth highest for the month in the state.

FanDuel was once again the top performer, followed by the runner-up DraftKings. The two combined for more than $400 million of the total betting handle.

Below is a bigger picture. A negative taxable win (loss) is reflected as $0:

  1. FanDuel: $241,690,679 handle, $19,508,264 revenue
  2. DraftKings: $165,857,068 handle, $7,335,201 revenue
  3. BetMGM: $35,979,048 handle, $1,115,828 revenue
  4. ESPN BET: $33,309,326 handle, $0 revenue
  5. Caesars Sportsbook: $25,502,078 handle, $191,645 revenue
  6. Fanatics Sportsbook: $19,015,115 handle, $0 revenue
  7. BetRivers: $5,170,104 handle, $2,693 revenue
  8. PointsBet: $3,386,601 handle, $61,765 revenue
  9. Betfred: $1,171,452 handle, $0 revenue
  10. Parx Interactive: $877,283 handle, $19,520 revenue
  11. Crab Sports: $761,684 handle, $17,700 revenue
  12. SuperBook: $556,342 handle, $0 revenue
Photo by Seth Wenig / AP Photo
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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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