Maryland sports betting handle over $39 million in October; mobile wagering next
- BetMGM Maryland offers new sign-ups $200 in free bets!
- This offer is available prior to the launch only
Maryland is projecting a late November or December launch of mobile online sports wagering in the state. Residents will be able to place sports bets on the Maryland betting apps and websites.
Meanwhile, the state’s eight retail sports wagering facilities handled more than $39.6 million in bets during October. Maryland Lottery and Gaming released the October handle total on Thursday.
A total of $34.3 million was paid out to winning bettors from the $39.6 million October handle.
Maryland’s retail sports wagering market launched in December 2021 with the opening of five retail sportsbooks at casinos. Three other retail locations have opened in 2022, and additional locations are expected to launch shortly.
The state currently has retail sportsbooks up and running at eight locations: MGM National Harbor, Live! Casino and Hotel, Horseshoe Casino Baltimore, Ocean Downs Casino, Hollywood Casino Perryville, Bingo World, Riverboat on the Potomac, and Greenmount OTB. The first full month for legal retail sports wagering in Maryland was in January, which saw $32.5 million in wagers.
Each sports wagering licensee contributes 15% of its taxable win to the state. From the October total handle, retail sportsbooks combined contributed $781,642 to the Blueprint for Maryland’s Future Fund, which supports public education programs. Live! Casino and Hotel had the biggest handle for the month at $15.4 million. Greenmount OTB, the newest location to open a sportsbook, had a total handle of $19,804.77 in October.
Since the start of Maryland’s sports wagering program in December 2021, contributions to the Blueprint for Maryland’s Future Fund total $5,424,283. An additional $885,195 has been contributed to the Problem Gambling Fund.
With a healthy retail sports betting market in place, Maryland online wagering is now ready to launch.
Maryland’s Sports Wagering Application Review Commission (SWARC) will begin reviewing qualified online sports betting operators at its Nov. 21 meeting. If awarded a license, the operators will need to have internal controls approved before launching. SWARC has 45 days to approve licenses, and licensed operators must complete regulatory testing requirements and a successful controlled demonstration for the Maryland Lottery and Gaming before they can launch.
Maryland is ready to award up to 30 facility licenses and 60 mobile licenses for sports betting and some operators like Caesars Sportsbook Maryland and DraftKings Maryland Sportsbook have publicly announced they have plans to operate in the market and many offer Maryland sportsbook promos for people who sign up prior to the launch.