State taxes from mobile sportsbooks amounted to just $44,791
December was the state’s first full month of online sports betting following the industry launch on November 23rd, 2022. In total, the state’s nine retail and seven online sportsbooks accepted $497.1 million in wagers.
The report shows that of the overall Maryland sports betting mobile handle, $70.9 million was free promotional play which was deducted from the final taxable figure. As a result, mobile sportsbooks contributed $44,791 in contributions to the state. Meanwhile retail sportsbooks contributed $395,252 for a total of $440,043 in taxes for the month of December.
First Month of Mobile Sports Betting in Maryland Sees Online Wagers Top $478.2 MillionWinnings paid out to retail bettors amounted to $15,986,035. Winnings paid to mobile bettors amounted to $395,966,817. This resulted in a combined hold (wagers less prizes paid) of 17.1%.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.