Maryland Sportsbooks Generated $186m Around Thanksgiving

Maryland sports betting report has been published. More than $180 million was spent during the Thanksgiving period.

Maryland legalized online sports betting on November 23th. The handle for mobile sports gambling’s opening in Maryland was more than $186 million. Retail sports betters will be regulated in the future. The total handle of Maryland casinos was over $219 million and $64 million in promotional wagers.

Maryland Sportsbooks Generated $186m Around Thanksgiving. November's taxable wins were -$33.6m. Some of the bets shifted from retail to mobile. The promotional play that cost $63.8m was a major cause of decrease in revenue. If there weren't promotional plays, the state would gain revenue of almost $26m, but the combined hold was about 14%.