More than $442M in sports betting wagered in Maryland in September

Tuesday, October 10, 2023
Robert Lang, WBAL NewsRadio 1090 and FM 101.5

The Maryland Lottery and Gaming Control Agency reported that more than $442 million was wagered on sports betting in September.

Nearly 95% of that money wagered in sports betting was done through mobile apps. The rest occurred at sports betting parlors.

Maryland will receive $3.2 million as its share in the $442 million sum.

According to industry analysts, football season generates the most bets. Although most of the wagering was on football, 13% of the September bets were placed on baseball.

Industry analysts say the unlikely rise was due to the Baltimore Orioles postseason run.

Each sportsbook contributes 15% to the Blueprint for Maryland's Future Fund.

Statewide sports wagering totals for September 2023:

Handle (Amount players wagered, including free promotional wagers)

- Retail: $21,492,877 (includes $29,190 in free promotional wagers)

- Mobile: $420,957,789 (includes $23,953,299 in free promotional wagers)

- Combined: $442,450,666

Prizes (Winnings paid to players)

- Retail: $18,928,968

- Mobile: $337,945,774

- Combined: $396,874,742

Hold (Handle less prizes paid)

- Retail: $2,563,908 (11.9%)

- Mobile: $43,012,015 (10.2%)

- Combined: $45,575,923 (10.3%)

Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)

- Retail: $2,285,730

- Mobile: $19,257,119

- Combined: $21,542,849

Sports Wagering Tax (15% of the Taxable Win)

- Retail: $342,859

- Mobile: $2,888,568

- Combined: $3,231,427

Since the inception of Maryland’s sports wagering program in December 2021:

- Cumulative contribution to the Blueprint for Maryland’s Future Fund:  $37,241,435

- Cumulative expired prizes contributed to the Problem Gambling Fund:  $2,580,684