Maryland鈥檚 take from legal sports wagering in May was the second highest ever. The $6.9 million contribution to the state last month was 50.3% more than in May of 2023.
Most of the state鈥檚 take goes to the , which funds early childhood, elementary and secondary education programs.
Total sports wagering in Maryland in May, both at retail sportsbooks and through sports betting apps, was $431.5 million, 35% more than a year ago. The total was down 11.3% from April.
鈥淢aryland bettors took an expected vacation from sports betting in May,” said Steve Bittenbender, analyst at . “When sports begin to slow down and the sunshine comes out, total handle size across the country drops.鈥�
Sports betting companies give away a lot of free wagers, and bettors do win.
In May, free promotional wages totaled $3.2 million. A total of $380.5 million in prizes were paid to players in May. More than 95% of sports wagering in Maryland is through sports betting apps, with the remainder at physical sports betting locations.
Sportsbooks and apps pay a 15% tax on winnings they collect.
Since the launch of sports wagering in Maryland, the contribution to the Blueprint for Maryland鈥檚 Future Fund is $82.7 million. Expired prizes go to Maryland鈥檚 Problem Gambling fund, a total of $3.1 million year-to-date.
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