All About Maryland Sports Betting Handle And Revenue
The experts at BetMaryland.com have assembled this guide to explain what we mean when we talk about Maryland sports betting revenue, also known as hold, compared to the sports wagering handle that the state reports each month.
There is an evolving sports betting market in Maryland with many online/mobile operators as well as a number of retail sports wagering options at brick-and-mortar casinos. There is also in-person betting at smaller physical facilities around the state. The number of online sportsbook operators and retail sports wagering facilities is expected to increase in the near future.
The handle is simply the total dollars wagered on sports in the state each month. In Maryland, bettors wager hundreds of millions of dollars each month. After a sports betting law was passed by the state’s General Assembly in 2021, legal, regulated sports betting began initially at retail sportsbooks in five casinos in December 2021. Online sports betting launched with seven operators in November 2022.
The revenue derived from online Maryland sportsbook apps is called hold – that refers to the amount that operators have left after they pay out winning bets. Taxable win is the hold minus promotional wagers and other specified deductions. As of June 2025, each mobile sportsbook contributes 20% of its taxable win to the state, with the retail tax rate remaining at 15%.
Maryland Sports Betting, October vs. September
| Total handle | Mobile handle | Revenue |
October | $736.610M | $723.349M | $71.114M |
September | $650.971M | $636.668M | $67.895M |
Change | Up 13.2% | Up 13.6% | Up 4.8% |
The 10th month of the year delivered historic returns for Maryland sports betting operators, with a total Old-Line State wagering handle of $736,610,585, up 13.2% from September ($650,971,388) and setting a new state record along the way.
October’s sports betting handle in Maryland smashed the state’s previous record handle of $639,867,400, set in November 2024, while the state’s mobile sports betting handle of $723,349,042 was also up big, gaining 13.6% from September ($636,667,610).
That surge in wagering handle meant Maryland operators took in a lot more money as well, with the state’s sports betting revenue (taxable win) finishing at $71,114,676, up 4.8% from September ($67,894,919), while mobile sports betting revenue (taxable win) was $70,842,687, up 7.7% from September ($65,792,705).
In total, the state tax from sports betting in October set another state record, finishing at $14,090,240, up 4.6% from September ($13,473,873) – and blowing the previous record tax bill of $11,798,035 (set in November 2024) out of the water. Finally, the state tax from mobile sports betting was $13,855,349, up 5.3%% from September ($13,158,541).
October’s top mobile sports betting operators by total handle were Live! Casino/FanDuel ($317,222,020), DraftKings ($216,849,736), BetMGM ($48,798,074), Maryland Stadium Sub. (Fanatics) ($46,654,710) and Bet365 ($35,426,572).
Top 5 sports by handle were professional football ($118,334,516), professional basketball ($94,561,277), “other” ($68,883,902), tennis ($46,802,136), professional baseball ($36,868,411) and NCAA football ($33,647,845), while the state’s parlay handle finished at $300,569,124 in October.
Maryland Mobile Sports Betting History
Maryland Sports Betting Handle and Revenue FAQs
Author
Steve is an accomplished, award-winning reporter with more than 20 years of experience covering gaming, sports, politics and business. He has written for the Associated Press, Reuters, The Louisville Courier Journal, The Center Square and numerous other publications. Based in Louisville, Ky., Steve has covered the expansion of sports betting in the U.S. and other gaming matters.
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