All About Maryland Sports Betting Handle And Revenue

By Jim Tomlin

@jdtomlin68

March 10, 2026 11:26am

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, February vs. January

The handle for Maryland sportsbooks was down from January, but represented an increase from 12 months earlier in a year-over-year comparison.

February’s statewide sports betting handle was $515,655,127, down 16.3% from January ($615,845,563), as the Super Bowl and the Winter Olympics were not enough to boost what was otherwise a slow month. The mobile sports betting handle last month was $506,673,877, a 16.2% decrease from January’s $604,711,664, according to figures that Maryland Lottery and Gaming posted on March 10.

The handle for the second month of 2026 was 8.4% higher than February 2025, when folks in the Old Line State wagered $475,708,504 on sporting events.

Sports betting revenue (called taxable win in Maryland’s revenue report) was $36,727,333 in February, 33.1% lower than the $54,862,717 figure from the previous month. Mobile sportsbook operators accounted for nearly all of that revenue, at $36,196,786, down 32.9% from January ($53,982,642).

As a result, the tax amount derived from sports betting fell 33% in a month-over-month comparison, from $10,928,540 in January to $7,318,939 in February.

Once again, the top brand in the state was FanDuel, via its partnership with Live! Casino, with $200,556,877 in handle. The remainder of the top five: DraftKings $157,786,114, Maryland Stadium Sub (Fanatics) $39,001,418, BetMGM $38,706,229, Riverboat on the Potomac (bet365) $27,858,684.

Pro basketball drew the most action with $133,157,658, followed by college basketball at $49,844,599, tennis with $36,442,186, soccer at $27,446,216 and pro football with $15,388,271. The state took $178,124,055 in wagers on parlays; Maryland does not break that figure down by sport, but it’s safe to say that Super Bowl 60 sparked a good chunk of that parlay action.

Maryland Mobile Sports Betting History