September proved to be the most lucrative month in Maryland’s sports betting history, with the state raking in nearly $9.4 million in tax revenue. This increase was attributed to a total handle of $532,866,676, with a significant boost in sports betting activity during the football season. Despite having fewer operators compared to earlier months, Maryland saw a substantial increase in revenue, with FanDuel remaining the top operator in the state.
The success of Maryland’s sports betting market has been evident, with a total of $21.2 million in revenues generated in the first quarter of FY 2025, compared to $9.1 million for the same period in FY 2024. Maryland Lottery and Gaming Director John Martin emphasized the importance of responsible betting, urging players to set limits and enjoy the games in moderation.
FanDuel reported a total handle of $231.8 million, followed by DraftKings with $175.8 million, and BetMGM with $39.35 million. Maryland Lottery and Gaming shared detailed online sports betting handle and tax revenue totals for the month of September, showcasing the significant contributions made by each operator.
Overall, Maryland’s sports betting industry continues to thrive, providing additional funding to support schools and education in the state. Despite the success, a reminder to all bettors to gamble responsibly and enjoy the games with moderation was highlighted.
Source
Photo credit www.sportsbettingdime.com
