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Maryland's retails and online sportsbooks generate $4,650,711 in May13 June 2023(PRESS RELEASE) -- Maryland’s 10 retail and 10 mobile sportsbooks combined to generate $4,650,711 in contributions to the state during May 2023, the second-best single-month total to date, according to Maryland Lottery and Gaming Control Agency. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs. Statewide handle in May totaled $320,199,671, with mobile handle accounting for 95.3% of the total at $305,063,591. Mobile wagering delivered $4,439,703 in contributions to the state during May, while retail sportsbooks contributed $211,009. The state’s sports wagering market added a new mobile licensee during May as Maryland Stadium Sub and its operator, Fanatics Sportsbook, conducted a controlled demonstration on May 30. Maryland Stadium Sub was issued its license to operate on June 1, but wagering that occurred during its May 30 controlled demonstration is included in the statewide totals for May. Fanatics became the 10th mobile sportsbook operator to launch in Maryland. A detailed summary of each sportsbook, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, is available for download at mdgaming.com. Statewide sports wagering totals for May 2023: Handle (Amount players wagered, including free promotional wagers) Retail: $15,136,080 (includes $20,281 in free promotional wagers) Mobile: $305,063,591 (includes $10,894,943 in free promotional wagers) Combined: $320,199,671 Prizes (Winnings paid to players): Retail: $13,550,937 Mobile: $263,906,518 Combined: $277,457,454 Hold (Handle less prizes paid): Retail: $1,585,144 (10.5%) Mobile: $41,157,073 (13.5%) Combined: $42,742,217 (13.3%) Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts): Retail: $1,406,723 Mobile: $29,598,020 Combined: $31,004,743 Sports Wagering Tax (15% of the Taxable Win): Retail: $211,009 Mobile: $4,439,703 Combined: $4,650,711 Since the inception of Maryland’s sports wagering program in December 2021: Cumulative contribution to the Blueprint for Maryland’s Future Fund: $25,306,654 Cumulative expired prizes contributed to the Problem Gambling Fund: $2,102,783 Maryland’s sports wagering market launched with five retail locations in December 2021. The first seven mobile sportsbooks launched in November 2022. As of the end of May 2023, there were 10 retail locations and 10 mobile operators. Additional retail locations and mobile sportsbooks are expected to launch in the near future. |