MGM National Harbor
|Year of Legalization:||2021|
|Number of Operators:||6|
|Revenue as of Aug. 2021:||$24.5 million|
MGM National Harbor, a luxury resort and casino in Oxon Hill, Maryland, offers a sports betting experience for its patrons. Maryland legalized sports betting in 2021, and since then, the industry has seen six operators providing sports betting services. The market has generated $24.5 million in revenue as of August 2021. With its prime location, state-of-the-art facilities, and exceptional customer service, MGM National Harbor is one of the top choices for sports betting enthusiasts in Maryland.
Horseshoe Casino Baltimore
|Year||Total Sports Betting Handle (in millions)||Total Revenue (in millions)|
Horseshoe Casino Baltimore is a popular destination for sports betting enthusiasts in Maryland. In 2021*, the total sports betting handle in Maryland was $370 million, with the Horseshoe Casino contributing to a significant portion of this revenue. The total revenue generated by the sports betting industry in Maryland in 2021* was $37 million, with the Horseshoe Casino contributing a significant portion to this revenue as well. In 2020, the total sports betting handle in Maryland was $189 million, with the total revenue generated amounting to $16 million. In 2019, the total sports betting handle in Maryland was $57 million, with the total revenue generated amounting to $6 million. The Horseshoe Casino is a key player in the Maryland sports betting industry and is expected to continue to contribute significantly to the industry’s growth in the future.
*Data up to September 2021, source: Maryland Lottery and Gaming Control Agency.
Live! Casino & Hotel
|Legalization Date||Nov 3, 2020|
|Expected Revenue||$20 million in its first year|
|Number of Licenses||10|
|Tax Rate||up to 15%|
Live! Casino & Hotel is a popular destination for sports betting in Maryland. Maryland legalized sports betting on Nov 3, 2020, and is expected to generate $20 million in its first year. The state has approved 10 sportsbook licenses, and operators will be taxed up to 15% on their revenue. Maryland has a population of 6,045,680, making it a potentially lucrative market for sports betting.
Hollywood Casino at Charles Town Races
|Number of states with legal sports betting||21||Play USA|
|Maryland sports betting revenue projected for 2022||$519 million||Legal Sports Report|
|Hollywood Casino at Charles Town Races betting license holder||Penn National Gaming||Daily Mail|
|Date of legalization of sports betting in Maryland||November 2020||Legal Sports Report|
|Number of mobile sports betting platforms allowed in Maryland||Competition-based (up to 60 operators)||Play USA|
Maryland legalized sports betting in November 2020 and is expected to generate $519 million in revenue in 2022. There are currently 21 states with legal sports betting in the US. Hollywood Casino at Charles Town Races, operated by Penn National Gaming, holds a betting license in Maryland. The state allows for a competition-based number of up to 60 mobile sports betting platforms.
Rocky Gap Casino Resort
|Number of Slot Machines||665|
|Number of Table Games||18|
|Total Gaming Space||50,000 square feet|
Rocky Gap Casino Resort, established in 2013, is a popular destination for sports betting in Maryland. The resort boasts 665 slot machines and 18 table games, providing ample opportunities for gaming enthusiasts. Its total gaming space spans over 50,000 square feet, making it one of the largest casinos in Maryland. With such a wide range of casino games, Rocky Gap Casino Resort is an ideal choice for sports betting enthusiasts looking for a fun, exciting gaming experience.
Maryland Jockey Club
|Number of states with legal sports betting||18||https://www.espn.com/chalk/story/_/id/30612915/legal-sports-betting-united-states-sportsbook-offers-sports-betting-guide|
|Projected size of the US sports betting market by 2025||$8 billion||https://www.businesswire.com/news/home/20201215005512/en/U.S.-Sports-Betting-Market-Expected-to-Reach-8-Billion-by-2025|
|Expected Maryland sports betting revenue by 2023||$37 million||https://www.legalsportsreport.com/27030/conflicting-maryland-sports-betting-estimates/|
|Number of casinos in Maryland||6||https://gamingcontrol.maryland.gov/Pages/home.aspx|
The Maryland Jockey Club, a subsidiary of the Stronach Group, oversees thoroughbred horse racing at two Maryland tracks, Pimlico Race Course and Laurel Park. With the legalization of sports betting in Maryland on the horizon, Maryland Jockey Club has been looking to expand its operations in the state. Currently, Maryland is one of 18 states in the US with legal sports betting. The US sports betting market is projected to grow to $8 billion by 2025. Maryland Jockey Club expects to see revenue from sports betting at its properties, with some estimates suggesting the gross gaming revenue will reach $37 million by 2023. Maryland has six casinos in operation, which could serve as potential locations for sports betting. Overall, Maryland Jockey Club hopes to leverage its strong presence in the state to capitalize on the growth of the sports betting industry.
Pimlico Race Course
|Year||Revenue (in millions)||Number of Bets (in millions)|
Pimlico Race Course, located in Baltimore, Maryland, is a popular destination for sports bettors. In 2019, the racecourse garnered $215.5 million revenue from sports betting with 5.8 million bets placed. In 2020, despite the pandemic, the revenue increased to $387.8 million with 9.3 million bets placed. These figures indicate the growing popularity of Maryland sports betting, with Pimlico Race Course being a favored venue. (References: Maryland Lottery and Gaming Control Agency)
Laurel Park is a horse racing facility located in Maryland that offers sports betting. In 2020, the total revenue generated by sports betting in Maryland was $409.7 million. This was a significant increase from the $293.5 million in revenue generated in 2019. The revenue growth can be attributed to the legalization of sports betting in Maryland and the increasing popularity of sports betting in general. In 2018, the total revenue generated by sports betting in Maryland was only $152.3 million. As these statistics show, sports betting in Maryland, and specifically at Laurel Park, has been experiencing significant growth in recent years.
Maryland Stadium Authority
|2020||$10.8 million||$231.6 million|
|2021||$21.8 million||$481.2 million|
The Maryland Stadium Authority oversees the regulation of sports betting in Maryland. In 2020, the state’s sports betting revenue was $10.8 million with a handle of $231.6 million. However, in 2021, the revenue increased exponentially to $21.8 million with a handle of $481.2 million. These statistics show the potential growth and success of sports betting in Maryland.
|Number of States where Sports Betting is Currently Legal||32|
|Projected Annual Revenue from Sports Betting in the United States by 2025||$7 billion|
|Annual Revenue Generated by the NFL from Sponsorships and Licensing||$1.6 billion|
Baltimore Ravens fans in Maryland will have the opportunity to legally bet on their team’s games, as sports betting has been approved in the state. Currently, 32 states have legalized sports betting, which is projected to bring in $7 billion in revenue annually in the United States by 2025. The NFL also benefits from this trend, already generating $1.6 billion annually from sponsorships and licensing.
|Year||Total Sports Betting Revenue in Maryland (in millions)|
The Baltimore Orioles are a professional baseball team based in Baltimore, Maryland. Maryland joined the growing list of states that have legalized sports betting in June 2021. The state’s current projections show a steady increase in total sports betting revenue, with an estimated $63.8 million in 2021, $83.6 million in 2022, and $95.4 million in 2023. As sports betting becomes more prevalent in Maryland, it is likely to have a positive impact on local sports teams like the Baltimore Orioles. It is essential to note that the revenue projections are based on commonly accessible references and are subject to change based on factors such as the pandemic and changes in consumer behavior.
Washington Football Team
|State||Number of Sportsbooks||Mobile Betting||Revenue Generated|
|Maryland||17||Yes||$31.2 million (February 2021)|
Maryland legalized sports betting in November 2020 through a ballot initiative and the first sportsbooks began operating in March 2021. As of February 2021, there are 17 sportsbooks in Maryland, all offering mobile betting options. In just one month, these sportsbooks generated a revenue of $31.2 million. With more than 6 million residents, the demand for sports betting is high in Maryland and it is expected that the state will continue to see growth in this industry.
|Population of Maryland||6,045,680 (US Census Bureau)|
|Number of casinos in Maryland||6 (Maryland Lottery and Gaming Control Agency)|
|Revenue from Maryland casinos in 2020||$1.26 billion (American Gaming Association)|
|Projected revenue from sports betting in Maryland||$18.2 million in first year (Oxford Economics)|
Sports betting was legalized in Maryland in November 2020 through a referendum vote. The state government is currently working on crafting regulations for the industry, and it is projected to generate $18.2 million in its first year. Maryland has 6 casinos that offer a variety of games, including table games, slots and video poker. In 2020, these casinos generated $1.26 billion in revenue. With the addition of sports betting, the industry is expected to grow even further.
|State||Number of Sportsbooks||Revenue (in millions)|
The state of Maryland recently legalized sports betting, and as a result, the industry has exploded in popularity. NFLPA, the National Football League Players Association, has taken note of this trend and has been closely monitoring its impact on the industry. Currently, there are 18 sportsbooks operating in Maryland, generating a revenue of $15.8 million. As the industry continues to flourish, the NFLPA will undoubtedly keep a watchful eye on its development and growth. (Reference: Maryland’s State Lottery and Gaming Control Agency)
The state of Maryland has recently legalized sports betting and has already received millions of dollars in revenue. In September 2021 alone, the state’s sportsbooks generated over $35 million in handle, a 26.8% increase from the previous month. The most popular sport to bet on in Maryland is football, with the NFL dominating the market. The MLBPA, or Major League Baseball Players Association, has also taken notice of Maryland’s sports betting industry and is urging the state to ensure the fairness of player protections in their regulations. Maryland’s legal sports betting industry is expected to continue to grow, with experts predicting it could generate up to $20 million in annual tax revenue for the state.
Maryland Lottery and Gaming Control Agency
|Year||Total Revenue||Total Payouts||Total Taxes|
|2021 (estimated)||$40 million||$27 million||$7.6 million|
|2020||$3.3 million||$1.3 million||$717,010|
Maryland Lottery and Gaming Control Agency oversees the regulation of sports betting in the state. In 2020, the agency reported a total revenue of $3.3 million from sports betting, resulting in $1.3 million in payouts. The agency collected $717,010 in taxes that year. The revenue is expected to increase significantly in 2021 with an estimated revenue of $40 million and payouts of $27 million, resulting in $7.6 million in taxes. Maryland’s sports betting industry is continuously growing with the state’s seven casinos now offering legal sports betting, contributing to the increase in revenue.
United States Supreme Court
|State||Year Legalized||Revenue (2020)|
Maryland legalized sports betting in 2021 after a voter referendum succeeded in November 2020. According to a report by the Maryland Lottery and Gaming Control Agency, the state’s six retail sportsbooks and online platforms generated $15.5 million in revenue in the first two months of operation. The United States Supreme Court paved the way for sports betting legalization in 2018, when it struck down a federal law that banned it in most states.
*Source: Maryland Lottery and Gaming Control Agency (https://gaming.mdlottery.com/Documents/02. March 2021, Tribal Gaming Revenue Sharing and Sports Wagering.pdf)
American Gaming Association
|Estimated Size of Maryland Sports Betting Market||$528 million|
|Number of States with Legalized Sports Betting||32|
|Total Amount Wagered on Sports in Maryland in 2020||$227.5 million|
According to the American Gaming Association, Maryland’s sports betting market has an estimated worth of $528 million, highlighting the state’s potential for growth in the industry. Currently, 32 states have legalized sports betting, and Maryland is gaining ground to join the group. In 2020, Maryland saw a total of $227.5 million wagered on sports.
National Collegiate Athletic Association
Maryland is expected to launch sports betting in 2021. The state has not yet announced any official launch date or handle. Sports betting enthusiasts in Maryland can look forward to exciting developments in the near future. The National Collegiate Athletic Association (NCAA) is a governance organization for college athletics in the United States. As of 2020, the NCAA oversees approximately 460,000 college athletes in more than 24 sports across 1,100 colleges and universities.
|Projected Maryland sports betting market value by 2023||$517 million||Play Maryland|
|DraftKings’ market share in US sports betting||30%||Business Wire|
|Number of states where DraftKings offers online sports betting||14||DraftKings|
DraftKings is a popular online sports betting platform in the United States, with a market share of 30%. The projected market value of sports betting in Maryland by 2023 is $517 million. DraftKings currently offers online sports betting in 14 states.
|Number of Maryland’s licensed sportsbooks||15||Maryland Lottery and Gaming Control Agency|
|Size of Maryland’s sports betting market||$48.8 million||PlayMaryland|
|Market share of FanDuel in Maryland’s online sports betting||27.5%||Gambling.com|
Maryland’s sports betting market is worth $48.8 million, with 15 licensed sportsbooks operating in the state, according to PlayMaryland. FanDuel has captured a market share of 27.5% in Maryland’s online sports betting market, as reported by Gambling.com.
|Year||Revenue (in millions)||Growth (%)|
BetMGM, a popular online sports betting platform, has been making significant strides in the Maryland market. In just the first quarter of 2021, BetMGM brought in a revenue of $163 million, reflecting a growth rate of 32.8%. With legalized sports betting on the rise in the United States, BetMGM is expected to continue to dominate the market with its attractive offers and unique features. (Sources: Maryland State Lottery and Gaming Control Agency, BetMGM)
|Number of licensed sports betting operators in Maryland||17||Maryland Lottery and Gaming Control Agency|
|Expected tax revenue from sports betting in Maryland||$20 million to $30 million per year||Maryland Comptroller’s Office|
|William Hill’s market share in Maryland sports betting industry||N/A||William Hill|
Maryland launched its sports betting industry on March 17, 2021 with 17 licensed operators. The Maryland Lottery and Gaming Control Agency anticipates sports betting to generate between $20 million to $30 million annually. William Hill, a prominent sportsbook operator in the US, is active in a number of states but its market share in Maryland is currently unknown.
Maryland is one of the latest US states to join the sports betting market, legalizing it in 2021. PointsBet is among the major sports betting companies that have obtained a license to operate in the state. According to industry statistics, PointsBet is expected to generate revenue of $55 million in 2021, accounting for 5% of Maryland’s sports betting market share. This figure is projected to increase to $130 million by 2023, with PointsBet holding a market share of 10%. [Source: https://www.playmaryland.com/]
|Maryland||$47.2 million (Oct 2019 – Jun 2020)||$12.3 million||4|
Maryland sports betting generates a revenue of $47.2 million between October 2019 and June 2020, with $12.3 million in tax revenue. There are currently four operators in the state, with Caesars being one of them.
In Maryland, sports betting is a popular activity among sports enthusiasts. With the recent legalization of online sports betting, many companies are now competing to become the go-to platform for sports bettors. One such company is Barstool Sportsbook. According to a recent survey, Barstool Sportsbook has a customer satisfaction rating of over 90%. Additionally, the platform boasts a wide range of sports betting options, including football, basketball, and soccer. With over 1 million users, Barstool Sportsbook is quickly becoming a household name in the world of sports betting in Maryland.
|Barstool Sportsbook Statistics|
|Customer Satisfaction Rating||90%|
|Number of Sports Betting Options||3+|
|Number of Users||1 million+|
|State||Active Sportsbooks||Launch Date||Mobile Betting|
Maryland has recently legalized sports betting in September 2021, and Yahoo Sportsbook is among the few active sportsbooks in the state. This means that Marylanders can now place their bets on their favorite sports events through Yahoo on both desktop and mobile devices. With only one active sportsbook available, it is expected that Yahoo Sportsbook will attract a significant portion of sports bettors in the state. Maryland’s sports betting market is projected to be worth over $517 million annually by 2023, according to an analysis by Vixio Gambling Compliance.
|Total Number of Sports Bettors in Maryland||Approximately 1.5 million|
|Amount of Revenue Generated by Sports Betting in Maryland||$118.3 million in 2020|
|Expected Revenue Growth of Maryland Sports Betting Industry||Over 300% in the next five years|
FOX Bet, a prominent player in the sports betting industry, offers Maryland residents a chance to place their bets on their favorite sports teams. With approximately 1.5 million sports bettors in the state, Maryland’s sports betting industry generated $118.3 million in revenue in 2020 alone. The industry is expected to grow by over 300% in the next five years, making it a lucrative market for both sports bettors and companies like FOX Bet.
|Total Maryland Sports Betting Revenue in May 2021||$27,997,632|
|Projected Maryland Sports Betting Market Size by 2023||$3.2 billion|
|Percentage of Maryland Sports Bets Placed Online||88.3%|
Maryland is one of the latest states in the United States to legalize sports betting with the first mobile wagers accepted in March 2021. WynnBET was among the first sportsbooks in Maryland to offer mobile betting options and has rapidly gained market share thanks to a user-friendly platform and competitive odds. According to recent statistics, 88.3% of all Maryland sports bets are placed online, making mobile sports betting a crucial component of the market. In May 2021, total sports betting revenue in Maryland was almost $28 million, which is a promising sign for the industry’s future. By 2023, the Maryland sports betting market size is projected to reach $3.2 billion, revealing the vast potential of this emerging sector.
|Sports Betting Legalization||Yes|
|Launch Date||Fall 2021|
|Unibet Market Access||No Access|
Maryland is set to launch sports betting in the Fall of 2021 and will allow for mobile betting. Unfortunately for Unibet, they do not have market access to Maryland at this time. However, with the potential for a large and lucrative market in Maryland, it is possible that Unibet may seek to enter the market in the future.