- Maryland sportsbooks just reported their second month of sports betting.
- January sports betting saw a 96% increase to the overall monthly handle.
ANNAPOLIS, Md. – The numbers for Maryland’s second month of active sports betting are in, and they show an impressive boost in handle from the previous month.
Maryland Sports Betting Increase
January was the first full month of Maryland’s legal sports betting market, since sportsbooks were not able to receive bets the entire month of December after bettors placed their first wager on December 9 via Maryland’s first regulated sportsbook, MGM National Harbor’s BetMGM.
According to a report from the Maryland Lottery and Gaming Control Agency, state-sanctioned sportsbooks in Maryland took in $32.5 million worth of sports wagers in January, this is a 96% increase from December’s handle.
- December 2021 Handle: $16,552,430
- January 2022 Handle: $32,580,831
Live! Casino’s FanDuel sportsbook pulled the most sports betting revenue, taking in $7.1 million in sports wagers.
MGM National Harbor was a close second, after handling just over $6 million in bets.
Sportsbook Revenue Pull
Despite having more time in operation and receiving far more in wagers in January, Maryland sportsbooks only saw a 38% increase in revenue between December and January.
- December 2021 Handle: $3,170,000
- January 2022 Handle: $4,375,316
Sportsbooks had a better hold percentage in December also, boasting a 19.2% hold versus January’s 13.4% hold rate.
Current Casino’s With Regulated Maryland Sportsbooks
- Live! Casino
- Ocean Downs Casino
- Hollywood Casino
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