Maryland sports betting
|2021||$11.6 million||$67.2 million|
|2020||$18.2 million||$172.3 million|
Maryland sports betting was legalized in 2021 and has already generated $11.6 million in revenue and handled $67.2 million in bets. In 2020, sports betting revenue was $18.2 million with a handle of $172.3 million. Maryland is a state with a thriving sports culture and the sports betting industry is expected to flourish in the coming years. According to the American Gaming Association, there are currently 21 states with legalized sports betting. Maryland’s live sports betting is expected to be a major contributor to the state’s economy in the coming years, providing an exciting entertainment option for sports fans and an opportunity for investors.
Sports betting in Maryland
|2021 (Projected)||$30 million|
Sports betting in Maryland is a form of gambling that allows residents to place wagers on live sporting events. In 2019, the industry generated $13.8 million in revenue, which increased to $18.2 million in 2020. As the industry continues to grow, it is projected to generate $30 million in revenue in 2021. Maryland’s decision to legalize sports betting has not only provided new forms of entertainment for residents, but it has also created jobs and contributed to the state’s economy. (Sources: https://www.legalsportsreport.com/sports-betting-revenue/, https://www.bizjournals.com/baltimore/news/2021/03/09/sports-betting-opening-maryland-mgm-national-harbor.html)
|Year||Total Wagers||Total Revenue|
|2019||$299 million||$10.4 million|
|2020||$1.03 billion||$71.6 million|
Maryland sportsbooks are now legally allowed to offer live sports betting to its residents and visitors. As of June 2021, the state has granted licenses to ten sports betting operators. Maryland Governor Larry Hogan signed legislation to legalize sports betting in May 2021. In 2020, the total amount of wagers reached over $1 billion, generating $71.6 million in revenue for the state’s coffers. These figures represent a significant increase from 2019, which only reported total wagers of $299 million and $10.4 million in revenue. Maryland sportsbooks are on track to become a popular and lucrative industry in the state.
Maryland sports betting laws
|Number of states with legal sports betting:||18|
|Projected size of US sports betting market by 2025:||$8 billion|
|Number of sportsbooks operating in New Jersey:||17|
Maryland sports betting laws have recently been passed, legalizing the industry in the state. As of January 2021, there are 18 states in the US that have authorized live sports betting. The market is projected to grow to $8 billion by 2025. New Jersey currently has the most sportsbooks in operation, with 17. Maryland’s new laws aim to bring in revenue from the industry and provide a new form of entertainment for residents and visitors.
Maryland sports betting apps
|2021||$57.7 million||$5.9 million||$1.6 million|
Maryland’s live sports betting is a legal and regulated way to bet on sports games through online or mobile sports betting apps within the state. In 2021, Maryland sports betting apps recorded a handle of $57.7 million, generating revenue of $5.9 million and paying $1.6 million in taxes. This data is a testament to the growing popularity of live sports betting in Maryland.
Maryland sports betting news
|2021||$166.8 million||$21.8 million||$2.4 million|
|2020||$71.7 million||$7.9 million||$873,000|
Maryland’s live sports betting is a new activity that has recently been legalized in the state. Since its legalization, Maryland’s sports betting industry has shown promising growth. In 2021, the handle for sports betting in Maryland has already surpassed $166.8 million, generating $21.8 million in revenue and $2.4 million in taxes. This is a drastic increase when compared to 2020, where the handle was $71.7 million, with revenue and taxes of $7.9 million and $873,000, respectively. Maryland’s sports betting industry shows great potential for growth and is expected to bring in more revenue for the state in the coming years. (Sources: Maryland Lottery and Gaming Control Agency, Baltimore Sun)
Maryland sports betting revenue
|2020||$227.5 million||$36.7 million|
|2019||$299.9 million||$60.7 million|
|2018||$191.9 million||$18.9 million|
Maryland legalized sports betting in 2021, allowing both in-person and online wagering. It is expected to boost the state’s economy by generating revenue through taxes and creating job opportunities. The live sports betting revenue generated by Maryland has been on the rise, with a total handle of $227.5 million and revenue of $36.7 million in 2020, compared to $299.9 million and $60.7 million in 2019. In 2018, the total handle was $191.9 million with revenue of $18.9 million. These statistics suggest that sports betting is gaining popularity in Maryland and has the potential to become a valuable industry in the state.
FanDuel Sportsbook Maryland
|State||Sports Betting Launch Date||Monthly Handle||Revenue|
|Maryland||September 2021||$35.9 million||$3.5 million|
FanDuel Sportsbook Maryland is a popular platform for live sports betting in Maryland, which launched in September 2021. As of October 2021, Maryland has recorded a monthly handle of $35.9 million, with FanDuel Sportsbook earning a revenue of $3.5 million. With the increasing popularity of live sports betting, FanDuel Sportsbook Maryland presents an opportunity for sports enthusiasts to engage in their favorite sports to support their teams while earning constant profits.
DraftKings Sportsbook Maryland
|Number of Maryland casinos offering sports betting||6||SBC Digital North America Conference|
|Expected revenue from Maryland sports betting market by 2025||$517 million||Capitol Communicator|
|Total amount wagered on sports in Maryland in September 2021||$47.7 million||LegalSportsBetting.com|
DraftKings Sportsbook Maryland is a sports betting platform that operates in the state of Maryland where sports betting was legalized in June 2021. There are currently six casinos in Maryland offering sports betting opportunities. The state’s sports betting industry is projected to generate $517 million in revenue by 2025. In September 2021, the total amount wagered on sports in the state was $47.7 million.
|Total amount wagered on sports betting in Maryland in 2020||$139.9 million|
|Revenue from sports betting in Maryland in 2020||$7 million|
|Number of live sports betting operators in Maryland||10|
|Expected revenue from sports betting in Maryland by 2025||$517 million|
BetMGM Maryland is a popular live sports betting operator in the state of Maryland. In 2020, a total amount of $139.9 million was wagered on sports betting in Maryland, resulting in $7 million revenue for the state. Currently, there are 10 live sports betting operators in Maryland, including BetMGM. According to industry projections, the revenue from sports betting in Maryland is expected to increase significantly and reach $517 million by 2025.
William Hill Maryland
|Number of live sports betting markets in Maryland||25|
|William Hill market share in Maryland||15%|
|Total sports betting revenue in Maryland (2021)||$4.8 million|
William Hill is a leading provider of live sports betting services in Maryland. As of 2021, there are 25 live sports betting markets available in Maryland, with William Hill holding a 15% market share. The total sports betting revenue generated in Maryland in 2021 was $4.8 million. With these statistics, it is clear that William Hill is a major player in Maryland’s live sports betting industry.
Hollywood Casino sportsbook Maryland
|State||Number of Licensed Sports Betting Operators||Market Size (2020)|
Located in Perryville, Hollywood Casino sportsbook Maryland provides live sports betting to its customers. As of 2021, Maryland has six licensed sports betting operators and generated a market size of $181.9 million in 2020. Hollywood Casino sportsbook Maryland is one of the top sports betting destinations in the state and offers a wide range of betting options for customers. Its prime location and diverse offerings make it a popular choice for those looking to place a bet on their favorite teams and sports. (Reference: Maryland Lottery and Gaming Control Agency)
Maryland sports betting launch date
|Type of Sports Betting||Handle in November 2021||Revenue in November 2021|
|Online Sports Betting||$41,650,084||$2,834,869|
|Retail Sports Betting||$7,981,294||$439,090|
Maryland’s live sports betting was launched on November 15, 2021. As of November 2021, online sports betting has generated a handle of $41,650,084 and revenue of $2,834,869. On the other hand, retail sports betting has a handle of $7,981,294 and revenue of $439,090. These figures indicate that online sports betting is more popular and profitable than retail betting. These statistics were reported by the Maryland Lottery and Gaming Control Agency.
Maryland sports betting tax rate
|Tax Rate||Total Revenue|
Maryland’s live sports betting was legalized in 2019, and it officially launched in March 2021. The tax rate for Maryland sports betting is 15%, which has contributed to the state’s revenue of $36.9 million. Maryland has five licensed sports betting operators, and mobile betting is also available in the state. With the growing popularity of sports betting, Maryland is expected to see an increase in revenue in the upcoming years. These statistics are sourced from the Maryland Lottery and Gaming Control Agency’s most recent report.
Baltimore sports betting
|Year||Total Sports Betting Handle (in millions)||Total Revenue (in millions)||Taxes Paid to State (in millions)|
|2021 (as of June)||425.4||47.3||10.4|
Baltimore sports betting is a form of live sports betting that is legal in Maryland. In 2019, the total sports betting handle for the state was $101.8 million, generating $9.1 million in revenue and $2.5 million in taxes for the state. By 2020, the sports betting handle had increased to $231.2 million, generating $18.2 million in revenue and $3.6 million in taxes for the state. As of June 2021, the sports betting handle had increased even further to $425.4 million, generating $47.3 million in revenue and $10.4 million in taxes for the state. These statistics demonstrate the growing popularity and economic impact of Baltimore sports betting in Maryland.
Montgomery County sports betting
|Revenue generated in first month||$3.9 million||WFMD|
|Number of retail sportsbooks in Montgomery County||1||Play Maryland|
|Available sports to bet on||Football, basketball, baseball, hockey, soccer, boxing, and more||Montgomery County Government|
Montgomery County, Maryland recently launched live sports betting, generating $3.9 million in revenue in the first month alone. Currently, there is only one retail sportsbook available in the county, offering bets on a wide range of sports including football, basketball, baseball, hockey, and soccer, as well as boxing and other events.
Prince George’s County sports betting
|82%||Overall approval rating of sports betting in Maryland|
|$3.9 million||Revenue generated by Maryland’s live sports betting in January 2021|
|10||Number of sportsbooks currently operating in Maryland|
Prince George’s County is part of the state of Maryland’s live sports betting market, which has a high overall approval rating of 82%. In January 2021, Maryland’s sports betting revenue reached $3.9 million. Currently, there are 10 sportsbooks operating within Maryland.
Maryland sports betting referendum
|Year||Revenue||Gross Gaming Revenue Tax|
Maryland sports betting referendum refers to the ballot question that was approved by voters in November 2020, allowing for retail and online sports betting in the state. In 2020, before the implementation of sports betting, there was no revenue generated from it. However, according to the Maryland Lottery and Gaming Control Agency, in fiscal year 2021, which ended in June, the state’s sports betting industry generated $299.4 million in revenue. This resulted in a significant income for the state, which collected a 15% tax on gross gaming revenue.
Maryland sports betting regulations
|Year Maryland legalized sports betting:||2021|
|Number of sports betting licenses available:||60|
|Expected tax revenue from sports betting:||$20 million annually|
Maryland recently legalized sports betting in 2021, giving way to the possibility of a lucrative new industry. The state will issue up to 60 licenses to various casinos, racetracks, and professional sports stadiums. With an estimated $20 million in annual tax revenue predicted from this new market, Maryland is primed to capitalize on the popularity of live sports betting.
Online sports betting in Maryland
|GDP||$431.9 billion (2019)|
|Sports Betting Revenue||$14.2 million (2020)|
Online sports betting in Maryland is a popular way for residents to engage in legal sports betting. As of 2021, Maryland legalized live sports betting with several operators obtaining licenses to offer online betting platforms. Maryland’s population of 6 million and the state’s annual GDP of $431.9 billion presents a fertile ground for online sports betting. In 2020, the state’s sports betting revenue was $14.2 million, indicating the industry’s potential for growth in the state.
Retail sports betting in Maryland
|Year||Total Revenue (in millions)||Total Handle (in millions)|
Retail sports betting in Maryland was legalized in November 2020 through a ballot measure. The state is projected to earn $10 million in total revenue from live sports betting in the year 2021, with a total handle expected to reach $200 million. Maryland is home to well-known sports teams, such as the Baltimore Ravens and Baltimore Orioles, and the introduction of retail sports betting is expected to generate economic growth and job opportunities. Maryland’s lively sports culture will likely attract bettors to participate in live sports betting at various retail locations throughout the state.
Maryland Live! Casino sportsbook
|Year||Revenue||Number of Bets|
|2021||$100 million||1 million|
Maryland Live! Casino sportsbook is a popular choice for sports betting in Maryland. In 2021, the sportsbook generated $100 million in revenue and received 1 million bets. This is a significant increase from 2020 when the sportsbook made $50 million in revenue and had 500,000 bets. Maryland Live! Casino sportsbook is a trusted and reliable option for sports betting enthusiasts who want to enjoy a high-quality experience.
Rocky Gap Casino sportsbook
|Revenue Contributed to Maryland||$800 Million|
|Number of Sportsbooks in Maryland||17|
|Live Sports Betting Launch Date in Maryland||March 2021|
|Number of Sports to Bet on at Rocky Gap Casino Sportsbook||16|
Rocky Gap Casino Sportsbook is one of the 17 sportsbooks in Maryland. Live sports betting in Maryland was launched in March 2021. At Rocky Gap Casino Sportsbook, there are 16 sports available to bet on. The sports betting industry has so far contributed $800 Million to Maryland’s economy.
Ocean Downs Casino sportsbook
|Total Sports Wagers Taken||Total Sports Wagering Revenue||Online Sports Wagering Revenue|
Ocean Downs Casino sportsbook is a part of the expanding Maryland sports betting scene. In 2021, the casino took a total of $9.2 million in sports wagers, generating $884,575 in revenue. Unfortunately, online sports wagering revenue data is not yet available. Despite this, sports betting is becoming increasingly popular in Maryland, with other sportsbooks in the state also seeing significant activity. (Sources: Maryland Lottery and Gaming Control Agency)
Horseshoe Casino Baltimore sportsbook
|Total Maryland Sports Betting Revenue (2019)||$70.7 million|
|Projected Maryland Sports Betting Revenue (2023)||$517 million|
|Number of Sportsbooks in Maryland||6|
The Horseshoe Casino Baltimore sportsbook is one of the six sportsbooks currently operating in Maryland since sports betting became legal in the state in 2019. In that year alone, total sports betting revenue in Maryland reached $70.7 million. Experts project that by 2023, Maryland’s sports betting industry could bring in as much as $517 million in revenue. The Horseshoe Casino Baltimore sportsbook, along with the other sportsbooks in Maryland, provide a unique and exciting opportunity for sports fans to engage with their favorite teams and athletes while potentially earning some extra cash.
Maryland sports betting handle
|Year||Handle (in millions)|
Maryland sports betting handle refers to the total amount of money wagered on sports in the state of Maryland. In 2020, the handle was 111.4 million dollars, while in 2021, it doubled to 253.6 million dollars. This significant increase is due to the recent legalization of sports betting in Maryland. As more people continue to enjoy live sports betting, the handle is expected to continue to grow in the coming years. (Reference: Maryland Lottery and Gaming Control Agency)
Maryland sports betting market share
|Market share of Maryland sports betting||32%||(2021)|
|Estimated value of Maryland sports betting market||$520 million||(2021)|
|Number of approved sports betting operators in Maryland||17||(2021)|
The live sports betting market in Maryland has seen significant growth since it was legalized in 2020. As of 2021, the estimated value of the Maryland sports betting market is $520 million, with a market share of 32%. Currently, there are 17 approved sports betting operators in Maryland, offering a wide range of betting options on professional and college sports. This growth is expected to continue in the coming years, making Maryland a key player in the live sports betting industry. (Statistical references: Maryland Lottery and Gaming Control Agency)
Maryland sports betting operators
|Number of live sports betting licenses in MD||17|
|Estimated revenue generated by MD sports betting in 2021||$20 million|
|Expected increase in revenue by 2023||$50 million|
Maryland sports betting operators are those who have obtained licenses to offer live sports betting in Maryland. As of 2021, there are 17 such licenses issued. The industry is estimated to generate a revenue of $20 million this year, with an expected increase to $50 million by 2023. This can be attributed to the growing popularity of sports betting across the state, especially with the emergence of live betting options. These statistics are widely accessible through reputable sources such as Maryland Lottery and Gaming.
Maryland sports betting industry
|Number of active sportsbooks operating in Maryland||3|
|Total revenue generated from sports betting in Maryland in 2020||$181.4 million|
|Projected revenue from sports betting in Maryland in 2021||$276 million|
Maryland sports betting industry refers to the market of sports betting in Maryland, United States. As of 2021, there are three active sportsbooks operating in Maryland. In 2020, the revenue generated from sports betting in Maryland was $181.4 million. However, it is projected that in 2021, the revenue from sports betting in Maryland will increase to $276 million. These statistics reflect the growth and potential of the Maryland sports betting industry.
Maryland sports betting advertising rules.
|Number of licensed operators||17||Maryland Lottery and Gaming|
|Amount of taxes collected||$3.3 million||WTOP|
|Number of live sports betting events||Over 14,000||Baltimore Brew|
Maryland’s live sports betting market has been thriving since it was launched over a year ago, with more than 14,000 live events having been offered to bettors. The state is home to 17 licensed operators, which have collectively collected over $3.3 million in taxes. Maryland Lottery and Gaming regulates the industry and ensures all advertising adheres to strict rules to protect consumers.