Maryland’s sports wagering market has had its best month yet in March 2023, as the 10 retail and eight mobile sportsbooks combined to generate a single-month record of $5.3 million in contributions to the state.
State’s handle during March reached a combined total of $385 million, considering retail and mobile results. Since the inception of Maryland’s sports wagering program in December 2021, cumulative contribution to the Blueprint for Maryland’s Future Fund reached $16.7 million.
Maryland’s sports wagering market launched with five retail locations in December 2021. The first seven mobile sportsbooks launched in November 2022. As of the end of March 2023, there were 10 retail locations and eight mobile operators. Additional retail locations and mobile sportsbooks are expected to launch in the near future.
Maryland Lottery and Gaming Director, John Martin, said: “There are a few events on the calendar that really drive sports wagering participation, and the NCAA basketball tournament every March is right at the top of that list.
“This was the first time that mobile wagering on March Madness was available in Maryland, and as our market continues to mature we’re pleased to see it generate a strong contribution to education funding,” he added.
The return to the state in March was 89.9% more than the previous high of $2.7 million in February. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.
Original article: https://www.yogonet.com/international/news/2023/04/11/66761-maryland-39s-sports-betting-market-contributes-a-record-53m-to-the-state-in-march
