All About Maryland Sports Betting Handle And Revenue

By Christopher Boan

@cgboan

December 10, 2025 10:38am

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, November vs. October

More sports betting records fell in Maryland during the penultimate month of the year, with new highs for wagering revenue and taxes.

Overall, the state’s sports betting handle in November was $720,180,853, down 2.2% from October’s state record of $736,610,585, according to figures that Maryland Lottery and Gaming submitted on its website on Dec. 10. Maryland’s mobile sports betting handle hit $707,252,699 last month, a 2.2% decline from a record $723,349,042 in October.

The first of Maryland’s November sports betting state records in November was revenue (taxable win), which reached $95,435,699. That was up 34.7% from October ($70,842,687) and broke the state record of $78,653,567, set in November 2024.

Another state record came from mobile sports betting revenue at $93,933,557, a 35.6% spike from $69,276,743 the previous month and surpassing the mark of $77,293,580, also from November 2024.

Then there’s state taxes derived from sports betting, which set two more records in the 11th month of 2025. The total tax haul was $19,012,033, a 34.9% increase from $14,090,240 in October, which was the previous high-water mark in the Old-Line State. Most of that tax money ($18,786,711) came from mobile operators, up 35.6% from October’s $13,855,349, which was a record that stood for only a month.

The top Maryland sportsbooks by handle were Live! Casino (FanDuel), at $295,927,944, DraftKings with $218,884,276, BetMGM Maryland Sportsbook at $55,010,980, Maryland Stadium Sub (Fanatics) with $42,085,631 and Riverboat on the Potomac (bet365) at $35,608,532.

Maryland’s top five sports by handle in November were pro football, at $118,663,525, pro basketball ($108,445,152), college basketball ($32,737,121), tennis ($31,549,624) and college football ($30,143,474). The state’s parlay handle in November was $305,015,102, while “other” sports (anything outside of football, basketball, baseball, hockey, golf, tennis, soccer and motor sports) finished at $58,887,235 in wagers accepted.

Maryland Mobile Sports Betting History