Maryland Sportsbooks Post Strong September Financial Data
September was another good month for Maryland's retail sportsbooks. The state's seven wagering facilities posted a 17.6% hold for the month. It was the second-highest win rate since retail betting launched in the state last December. A total of $31.4 million was wagered in September at the seven retail gambling locations. August's handle was $18.5 million.
Live! Casino and Hotel (FanDuel) posted the largest handle ($12.7 million) of any of the seven retail sportsbooks in the state in September. MGM National Harbor (BetMGM) ranked second in state with handle of $8.6 million and tax revenue created of just under $227,000. Horseshoe Casino Baltimore (Caesars Sportsbook), Hollywood Casino Perryville (Barstool Sportsbooks), and Ocean Downs Casino (TwinSpires) all took in at least $1.5 million worth of wagers. Bingo World (betRivers) reported a handle $700,00 and a hold of 25.1%. Riverboat on the Potomac (PointsBet) launched sports betting operations in its first weeks of operation.
Maryland voters approved sports betting in November 2020. Mobile sportsbooks haven't gone live in the state yet. Legal mobile sportsbook are expected to launch in Maryland before the end of 2022.
