All About Maryland Sports Betting Handle And Revenue

By Editorial Staff

@BetMDdotcom

June 10, 2025 10:18am

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. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.

Maryland Sports Betting, May vs. April

Maryland sportsbooks had a slight decline in month-over-month handle, but a leap forward in revenue compared to April and a marked increase compared to May 2024.

The handle, or amount wagered, with Maryland sports betting operators was $504,448,190, down 1.8% from April ($513,716,232). Mobile operators combined for a 1.4% decrease, from $501,403,954 in April to $494,189,620 for May.

But in a year-over-year comparison, that handle figure was 16.9% higher than the total of $431,528,137 from 12 months before, showing continued growth in the sector.

Revenue (mobile and retail combined) rose 21.8%, from $42,398,893 in April to $51,642,420 last month, according to figures that Maryland Lottery and Gaming reported on June 10. May represented the fifth-highest revenue figure in the Old Line State since mobile sports betting launched on Nov. 23, 2022.

The mobile revenue, or taxable win, hit $50,566,255 in May, up 20.5% from the previous month’s $41,980,173.

Maryland’s tax revenue derived from sports betting rose from $6,359,834 in April to $7,746,363 in May, with $7,584,938 of those taxes coming from online wagering. The top mobile operator for the month was Live! Casino (FanDuel) at $214,708,772, followed by DraftKings ($157,509,254), BetMGM ($43,650,712), Maryland Stadium Sub (Fanatics, $33,338,503) and Caesars ($19,183,085).

Maryland Mobile Sports Betting History