Maryland Sports Betting Handle Slides in July; Revenue Makes Sizable Jump

Maryland Sports Betting Handle Slides in July; Revenue Makes Sizable Jump
By Christopher Boan
Fact Checked by Michael Peters

It was a rough July for the Old Line State when it comes to sports wagering, with a double-digit decline in handle during the month.

Overall, retail Maryland sports betting raked in $15,492,757 in July, which was down 19% from June’s haul of $19,121,331.

July’s handle was the smallest in Maryland’s sports betting history, dating back to when it launched Dec. 9, falling below the opening month’s low of $16.55 million.

But Maryland saw a sizable jump in both sports betting revenue (net win) ($1,987,849, up 57.5% from $1,262,156 in June) and state tax from sports betting ($298,177, up 57.5% from $189,323 in June).

Here’s a look at how Maryland’s sports betting scene performed overall in July.

Maryland Sports Betting, July vs. June

Total HandleRevenue State tax
July$15.493M$1.988M$0.298M
June$19.121M$1.262M$0.189M
Change Down 19.0% Up 57.5% Up 57.5%

Note: Maryland retail sports betting launched Dec. 9, 2021. January was the first full month. Maryland mobile betting apps have yet to launch.


What to Know About Maryland’s July Sports Betting Report

As far as Maryland sportsbooks are concerned, the leader in handle during July was Hanover’s Live! Casino and its FanDuel Sportsbook Maryland.

The operator raked in $6,215,896 in July, which thumped No. 2 MGM National Harbor and its BetMGM Sportsbook Maryland, which had $4,074,477 in handle during the month.

Trailing those two were Horseshoe Casino Baltimore and its Caesars Sportsbook Maryland ($3,325,785), Hollywood Casino Perryville ($1,005,022), Ocean Downs Casino ($869,586), and Bingo World ($1,990).

July was the first month Bingo World was allowed to take bets, becoming the first non-casino in the state to offer retail sports betting.

The Anne Arundel County facility partnered with Rush Street Interactive on a 3,000 square foot retail location, which opened its doors to the public on Aug. 1.

A total of six facilities have undertaken Maryland retail sports betting to date, including the five casinos and Bingo World, with another three off-track betting facilities set to do the same soon.

There have been no updates regarding when online sports betting will go live. When it does, check with BetMaryland.com for the best Maryland sportsbook promo codes.

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Contributors

Christopher Boan writes for BetMaryland.com and has been covering sports and sports betting for more than seven years, with experience at ArizonaSports.com, the Tucson Weekly and the Green Valley News.2021-08-02

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