Maryland sports betting reached a record-breaking $593.1 million handle in October 2024, marking the highest monthly total since its December 2021 launch. This represents a 22.8% increase from October 2023's $483.1 million.

Key October 2024 Statistics:

• Total Handle: $593,105,471
• Online Betting: $576.4 million
• Retail Betting: $16.6 million
• Taxable Win: $46,998,314
• Tax Revenue: $7,049,747 (third-highest since launch)

Maryland Lottery and Gaming Director John Martin attributes this success to October's busy sports calendar, with all major U.S. leagues in season and strong performances from local teams like the Baltimore Ravens and Washington Commanders.

Fiscal Year 2025 Performance (July-October 2024):

• Tax Revenue: $28.3 million
• Nearly double the $14.9 million from same period in FY 2024
• Cumulative tax revenue since launch: $116.7 million

Leading Operators by Handle:

1. FanDuel: $269.2 million (tax paid: $3.9 million)
2. DraftKings: $180.4 million (tax paid: $1.9 million)
3. BetMGM: $47.9 million (tax paid: $430,496)
4. Fanatics: $28.4 million (tax paid: $197,881)
5. Caesars: $25.3 million (tax paid: $192,979)

Online betting dominated the market, with mobile apps accounting for 97.2% of total handle, while retail betting represented just 2.8%.

Related Articles

Previous Articles