Maryland Sports Betting Increases in August as Retail Grows

Maryland's sports betting handle increased for the first time in four months. Retail sportsbooks reported $18.7 million in wagers in August. Live! Casino remains the top place for sports bettors.

Maryland's seven sportsbooks reported a combined revenue of $3.2 million in August. The hold percentage of MGM National Harbor dropped from 20% to 18%. The Horseshoe in Baltimore had the lowest hold at 13.7%. In the nine months since Maryland’s retail-only sports betting launched, the state has collected $ 3.65 million.

BetRivers and PointsBet joined the sportsbook club. Bingo World officially launched on August 1 and partnered with BetRiver. Riverboat on the Potomac opened last week after partnering with Pointsbet. In August, Riverboats took in $1,139 in wagers and did not have a single winner. In July, Bingos had a handle of $2,990.39.

Maryland's Lottery and Gaming Commission has opened the application window for online sportsbooks. Applicants have until October 21 to apply for a mobile or Class B license. The Class A license is for retail locations not included in the state's 17 casinos, racetracks, OTB, etc. who want to have physical betting.