Maryland online sports betting update12/21/2023 ![]() It’s entirely possible Maryland will exceed our estimated betting handle in its first month, especially if it does indeed launch in late September or October. We’re tracking revenue totals from the launch of online sports betting in November 2022. Sports Betting Dime will be following Maryland’s monthly sports betting financial reports closely now that the industry has opened up to provide up-to-date analysis. Tax Rate: 15 percent (jumps to 17.5 percent on annual mobile wagering revenue above $5 million per operator) Maryland Sports Betting Revenue: Month-by-Month Data Platforms: Online and retail (launch pending) Regulator: Maryland Lottery and Gaming Commission In-state Pro Teams: Baltimore Orioles (MLB), Baltimore Ravens (NFL), Washington Football Team (NFL)īiggest Monthly Revenue: Dec. To grasp the potential of the Maryland sports gambling market here is some key context to keep in mind. Read on for an in-depth look at how the business of sports betting is shaping up in the Old Line State. We’ll also compare the state’s revenue projections to actual results from recent market launches elsewhere. ![]() We’ll discuss the advantages and possible challenges ahead for the MD sports gambling market. Now that Maryland sports betting has launched, let’s look at what to expect in terms of Maryland sports betting revenue.
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