Maryland sports bets top $545 million in January

Sports Betting

Maryland’s online sportsbooks handled a state-record $545.7 million in wagers in November with Live Casino (FanDuel) leading the way with $241.7 million in wagers placed.

A significant portion of December’s handle, amounting to 96.7% or $541,650,934, came from mobile wagering. This segment contributed $6,166,034 to the state’s coffers, while retail sportsbooks added another $316,369.

Maryland Lottery and Gaming Director John Martin commented on the market’s growth: “The numbers we’re seeing over the last six to 12 months reflect the maturation of the market.” Initial estimates projected annual contributions from sports wagering to range between $25 million and $30 million. However, with over a year of mobile wagering, the state anticipates annual contributions exceeding $40 million.