All About Maryland Sports Betting Handle And Revenue

By Jim Tomlin

@jdtomlin68

August 11, 2025 11:01am

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, July vs. June

The first month of the 2025-26 fiscal year was typically slow for the summer at Maryland sportsbooks, but there were signs of growth.

July’s sports betting handle in The Old Line State was $364,075,296, down 9.8% from June ($403,841,872). July is always one of the slowest months for sports betting, but last month’s amount wagered did provide some good news for operators because, in a year-over-year comparison, the handle was 9.2% higher than July 2024 ($333,269,669).

As always, mobile sportsbook apps took the vast majority of the action, with mobile sports betting handle dropping 9.8% month-over-month, from $396,184,225 in June to $357,525,580 in July.

The sports betting revenue (taxable win) decreased more sharply, according to figures that Maryland Lottery and Gaming posted on Aug. 11, falling 21.3% from $46,367,418 the previous month to $36,476,351 in July. The mobile revenue was $35,617,310 for the seventh month of the year, down 21.6% from June ($45,431,385).

Overall taxes derived from sports wagering fell by a similar rate, going from $9,226,682 in June to $7,252,318 last month, a 21.4% drop.

The leading operator for mobile handle in July was FanDuel, via the Live! Casino, at $141,984,614. Rounding out the top five operators were DraftKings Maryland Sportsbook at $122,264,461, BetMGM with $31,165,079, Maryland Stadium Sub (Fanatics) at $24,150,821 and Caesars with $16,050,198. Baseball was the top sport with $76,927,778 in handle, followed by pro basketball ($49,376,599), tennis ($46,764,365), soccer ($15,874,495) and golf ($5,766,244). Bettors placed $118,122,358 on parlays/combinations.

Maryland Mobile Sports Betting History