Sports betting in Maryland has proven to be a lucrative industry, with $6.5 million contributed to the state in December alone. From July to December 2024, sports wagering brought in an impressive $46,576,505, significantly higher than the previous year. Maryland saw a total of $637,301,168 in wagers in December, with $591,678,179 paid out in prizes. Since the program’s launch in June 2021, the state has introduced 11 mobile sports wagering platforms and 13 retail sportsbook locations, offering residents a variety of options for placing bets.
The revenue from sports betting goes towards the Blueprint for Maryland’s Future Fund, supporting public education programs. Since December 2021, over $116 million has been allocated to the fund, emphasizing the positive impact of sports betting on the community. This growth in revenue is a testament to the success of the legislation that legalized sports betting in Maryland, following overwhelming support from lawmakers and residents.
For more detailed information on the December 2024 results for each sportsbook, including handle, hold percentage, prizes paid, and contribution to the state, a chart is available for viewing. With the continued success of sports betting in Maryland, it is clear that this industry is not only providing entertainment for residents but also making significant contributions to the state’s educational programs.
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