Maryland’s sports wagering hits $320 million in May

Sports Betting

Maryland Lottery and Gaming has released the official sports betting revenue and handle report for May 2023. This report shows that Maryland sportsbooks raked in $320,199,671 in wagers for the month from among the best sports betting sites in the state.

This is the second-strongest betting month in the Old Line State. May’s wagering numbers have pushed the FY 2023 betting handle total to $2,636,900,834.

The 10 mobile betting apps in Maryland saw the bulk of the action. Online operators reported $305,063,591 in sports betting handle, 95.2% of the betting market in May.

The number one operator during that stretch was FanDuel with $146,314,218.06 in wagers for May 2023. This is 47.9% of the entire mobile betting market in Maryland. To date, FanDuel has seen $1,166,344,901.01 in waters for FY 2023.

DraftKings also saw a major hold on the market with $101,906,378.49, a 33.4% market share. DraftKings has seen $778,691,843.69 wagered so far in FY 2023.