All About Maryland Sports Betting Handle And Revenue

By Christopher Boan

@cgboan

January 12, 2026 11:16am

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, December vs. November

The final month of the year delivered a downer for Maryland sports betting operators and regulators, but 2025 was a strong year overall.

December’s Maryland sports betting handle was $636,272,774, down 11.7% from November ($720,180,853), according to data that Maryland Lottery and Gaming released on Jan. 12.

The Old-Line State’s mobile sports betting handle was $626,063,021 last month, down 11.5% from $707,252,699 in November.

Maryland’s sports betting revenue (known as taxable win) was $78,996,191, a 17.2% drop from the record $95,435,699 in the previous month. Of that, $77,749,205 came from mobile sportsbooks, also a 17.2% decline in a month-over-month comparison with November ($93,933,557, another record).

The statewide tax derived from sports betting also fell 17.2% across the board, from November’s record $19,012,033 tally to $15,736,889. Mobile operators contributed $15,549,841 in December.

Last month’s mobile sports betting handle leaders by operator were Live! Casino (FanDuel) at $263,509,332, DraftKings with $191,015,949, BetMGM at $48,158,780, Maryland Stadium Sub (Fanatics) with $42,301,983 and Riverboat on the Potomac (bet365) at $31,955,806.

For 2025, Maryland sportsbooks took in more than $6.647 billion in wagering handle, which was 11.9% higher than 2024, when the state took $5.941 billion in wagers. The revenue rose 20.7% in a year-over-year comparison, from $548,627,019 in 2024 to $662,352,546 last year.

Maryland Mobile Sports Betting History