The state collected over $71.9 million in taxes during March, a jump of 1.4% year-on-year. Of this figure, $52.3 million went directly to the Education Trust Fund (ETF).
Maryland Gambling Revenues for March Show Slow But Steady Improvement- MGM National Harbor — $67,786,963 up 1.9% from March 2021 Maryland Gambling Revenues for March Show Slow But Steady Improvement
- Horseshoe Casino — $18,880,533 down 4.6% from March 2021
- Hollywood Casino — $8,427,350 down 2.6% from March 2021 Maryland Gambling Revenues for March Show Slow But Steady Improvement Maryland Gambling Revenues for March Show Slow But Steady Improvement
Sports betting revenue figures for March
Sports betting in Maryland launched on Thursday December 9th with retail sportsbooks accepting bets. However, mobile sports betting, while legal, has yet to launch.
Retail sportsbooks reported accepting over $31 million in wagers during the month of March. Payouts to gamblers amounted to just over $27 million. Combined taxable revenues for the month amounted to just over $3.8 million resulting in $577,019 in sports wagering taxes.
Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.