Maryland’s sports wagering market has reached a new milestone, with contributions to the Blueprint for Maryland’s Future Fund exceeding last year’s total. The fund, which supports public education initiatives, has received $61.2 million in the first eight months of FY2025, surpassing the full FY2024 total of $60.3 million. This increase highlights the state’s growing reliance on sports betting revenue, with February 2025 marking the ninth-best month for the program.
Bettors wagered $475.7 million across mobile and retail platforms in February, with a combined hold of $59.9 million. Mobile betting dominated with a 12.8% hold, contributing $463.2 million in handle. Since its launch in 2021, Maryland’s sports wagering program has contributed over $149 million to the Blueprint Fund, with additional funds supporting the Problem Gambling Fund.
While the market is expanding, questions remain about the sustainability of this growth. The reliance on mobile betting, which accounted for 97% of February’s handle, may leave the market vulnerable to shifts in online engagement or regulatory changes. The disparity between retail and mobile performance also raises concerns about market dynamics.
Despite these challenges, public enthusiasm for sports betting, possibly driven by local teams like the Ravens and Commanders, continues to drive growth. Director John Martin noted the positive impact on the fund, but the exact correlation between sports performance and betting activity remains uncertain. For more detailed monthly data, visit mdgaming.com.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
