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Maryland sportsbooks contribute $469,000 to the state in first month of operations

10 January 2022

(PRESS RELEASE) -- Maryland’s first five sports wagering facilities opened for business during December 2021 and contributed $469,297 to the Blueprint for Maryland’s Future Fund, which supports a variety of public education programs. Each sports wagering licensee contributes 15% of its taxable win to the state.

“We are truly excited that sports wagering is available, and we’re eager to do our part to keep the market growing,” said Maryland Lottery and Gaming Director John Martin.

Details on each facility’s handle, hold percentage, taxable win, prizes, promotional play and contribution to the State of Maryland are available by clicking the link above.

Here are the statewide sports wagering totals for December 2021:

Handle (The amount players wagered, including promotional wagers provided to players by sportsbooks):
$16,552,430

Prizes (Winnings paid to players):
$13,382,430

Hold (Handle less prizes paid):
$3,170,000, or 19.2%

Taxable Win (Amount remaining after paying winners and deducting promotional play and other amounts):
$3,128,660

Sports Wagering Tax (15% of the taxable win):
$469,297

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Maryland sportsbooks contribute $469,000 to the state in first month of operations is republished from Online.CasinoCity.com.