Mobile Sports Betting Accounts for More Than 95 Percent of Handle in Maryland

| May 11, 2023 | 0 Comments
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Sports betting in the state of Maryland had a handle of $328,454,397 in April. The mobile handle accounted for 95.4 percent of the total at $313,472,676.

Horseshoe Casino Baltimore had a handle of $1,467,588.72 in April with $32,188,969.84 fiscal year to date (FYTD). The FYTD began on July 1st.

Horseshoe Baltimore ranks third behind Live! Casino ($67,563,056.86 FYTD) and MGM National Harbor ($59,658,692.25 FYTD).

In mobile, Live! Casino (Fan Duel) is number one in Maryland with $1,020,030,682.95 FYTD and Draft Kings is second with $592,687,357.38 FYTD. Horseshoe Casino Baltimore owner Caesars came in fourth with $84,098,707.12 FYTD.

SuperBook, which just launched a mobile betting bar and lounge at Oriole Park at Camden Yards, brought in $523,099 in its first half of a month.

From Maryland Lottery and Gaming: 

Maryland’s 10 retail and nine mobile sportsbooks combined to generate $3,864,686 in contributions to the state during April 2023, the state’s second-best single-month total to date. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.

Statewide handle in April totaled $328,454,397, with mobile handle accounting for 95.4% of the total at $313,472,676. Mobile wagering delivered $3,764,969 in contributions to the state during April, while retail sportsbooks contributed $99,716.

The state’s sports wagering market added a new mobile operator during April as SuperBook launched on April 13, becoming Maryland’s ninth mobile platform.

A detailed summary of each sportsbook, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, is included in the attached chart and available for download at mdgaming.com.

Here are the statewide sports wagering totals for April 2023:

Handle (Amount players wagered, including free promotional wagers)

·         Retail: $14,981,720 (includes $15,434 in free promotional wagers)

·         Mobile: $313,472,676 (includes $9,014,508 in free promotional wagers)

·         Combined: $328,454,397

Prizes (Winnings paid to players)

·         Retail: $14,097,933

·         Mobile: $278,711,878

·         Combined: $292,809,811

Hold (Handle less prizes paid)

·         Retail: $883,788 (5.9%)

·         Mobile: $34,760,798 (11.1%)

·         Combined: $35,644,586 (10.9%)

Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)

·         Retail: $664,775

·         Mobile: $25,099,796

·         Combined: $25,764,571

Sports Wagering Tax (15% of the Taxable Win)

·         Retail: $99,716

·         Mobile: $3,764,969

·         Combined: $3,864,686

Since the inception of Maryland’s sports wagering program in December 2021:

·         Cumulative contribution to the Blueprint for Maryland’s Future Fund:  $20,655,942

·         Cumulative expired prizes contributed to the Problem Gambling Fund:  $1,891,241

Maryland’s sports wagering market launched with five retail locations in December 2021. The first seven mobile sportsbooks launched in November 2022. As of the end of April 2023, there were 10 retail locations and nine mobile operators. Additional retail locations and mobile sportsbooks are expected to launch in the near future.

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About the Author:

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
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