Connect with us

North America

Maryland Sets New Sports Betting Handle Record in December



Maryland’s Record-Breaking Sports Betting Performance in December

Maryland‘s sports betting market hit a new high in December, setting a record for the second month in a row. The state saw an impressive total of $559.9 million wagered, surpassing previous records and indicating a robust growth in the betting industry.

Unprecedented Growth in Betting Volume

December’s handle, inclusive of promotional bets, marked a 1.7% increase from November’s $550.7 million record and a substantial 17.1% rise from December 2022’s $478.3 million. This growth reflects the first full month of legal online betting in Maryland, showcasing a significant year-over-year increase.

Dominance of Online Betting

A staggering 96.7% of December’s bets, amounting to $541.7 million, were placed online. This figure included $19.7 million in free promotional wagers. In contrast, retail sportsbooks accounted for the remaining $6.2 million, demonstrating the growing preference for online betting among Maryland’s gamblers.

Revenue Insights: A Significant Uptick

Maryland’s overall taxable win in December reached $62.3 million, a 49.8% jump from November and a 26.7% decrease from December 2022’s $85.2 million. Mobile betting was a major contributor with a $60.1 million hold, while retail added $2.3 million.


Impact of Promotional Wagers on Revenue

After adjusting for $19.8 million in promotional wagers, December’s net revenue stood at $43.2 million. This revenue more than doubled November’s $21.3 million and represented a 1,389.7% increase from the previous year, influenced by a surge in free bets during online wagering’s debut month.

Tax Contributions from Sports Wagering

The state collected $6.5 million in sports wagering tax for December. Online activities contributed $6.2 million of this amount, with retail betting adding $316,369.

DraftKings Leading the Online Market

DraftKings emerged as the leader in Maryland’s online betting market, generating $10.0 million in taxable win from $167.1 million in total bets. BetMGM and Caesars followed, with respective handles of $35.9 million and $24.0 million.

Top Performers in Retail Betting

In the retail sector, Live! Casino Hotel and FanDuel led with a taxable win of $592,219 from a $3.8 million handle. MGM National Harbor and BetMGM took second place, followed closely by Oceans Downs Casino and TwinSpires.


Fiscal Year-to-Date Overview

Looking at the fiscal year-to-date, total betting spend reached $2.55 billion, with a taxable win of $164.0 million and tax payments totaling $24.6 million. This performance underscores the growing significance of sports betting in Maryland’s economy and its potential for future growth.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at:

For editorial or PR submissions, contact:

Copyright © 2024 Gamingo.News.