Maryland Sports Betting Generates $441 Million In January Handle

Written By David Danzis on February 10, 2023
January Sports Betting Maryland

Maryland online sportsbooks posted a solid sophomore showing in January, taking in over $422 million in legal bets, according to state gaming regulators. In just over two months, online sports gamblers in the state have shelled out more than $1 billion.

Maryland bettors put $441 million on the line in January

The Maryland Lottery & Gaming Control Agency said the state’s 10 retail and seven online sportsbooks combined for nearly $441.5 million in bets last month. Maryland sports betting operators kept $59.6 million, or roughly 13.5%, after winning bets were paid out.

Sports gamblers have plenty to bet on in January. The gambling entree is the end of the NFL regular season and the beginning of the playoffs. The NBA and NHL play almost daily as a side offering, while the PGA Tour is in full swing.

HandlePrizes PaidHold %Promotional Play & Other DeductionsTaxable WinState Taxes
December$478,270,326.20 $395,966,816.94 17.2%$71,964,684.29$298,609.09$44,791.36
November (9 days)$186,084,495.57$160,216,032.1413.9%$64,145,318.85$38,276,855.42$4,261.65
To Date$1,087,012,775.53

January wagering results in $2.1 million for Maryland

A temporary amnesty allows online sportsbooks to deduct nearly $23 million from their taxable gambling revenue. As a result, Maryland collected just over $2.1 million in taxes from legalized sports betting in January.

Online sports betting in Maryland debuted on Nov. 23, 2022. Nearly $1.09 billion has been legally wagered with Maryland online sportsbooks since.

FanDuel, DraftKings most popular sportsbook apps

The nation’s two largest online sportsbooks are staking an early lead in Maryland. More than 80% of the monthly total gambled online was bet using either FanDuel or DraftKings apps.

According to data from the MLGCA, FanDuel posted a monthly handle (the amount wagered) of $208.9 million. The book had a monthly hold (total after winning bets are paid out) of 16.1%, the highest among Maryland’s online operators.

DraftKings’ handle in January was just under $132 million and the book’s hold was 11.8%. Under the state’s 12-month tax break for online sportsbook operators, DraftKings paid $0 in taxes in January.

SportsbookHandlePrizes PaidHold %Promotional Play & DeductionsTaxable WinContributions To The State
FanDuel$208,878,840.38 $175,184,016.1816.1%$10,264,291.46$9,996,579.02$1,499,486.85
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David Danzis

David Danzis is a lead writer and analyst for Catena Media's network of Play sites, appearing on PlayNJ, PlayCA, PlayOhio and PlayMaryland. He is a New Jersey native and an honors graduate of Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, David earned statewide awards for his coverage of politics, government, education, sports, and business. After years of reporting on Atlantic City casinos, NJ online gambling and sports betting, his focus is now on emerging gaming markets. David lives in Mays Landing, NJ with his wife and two children. When not on the beach, golf course, or the slopes, David enjoys watching his beloved New York sports teams — Yankees, Jets, Rangers, and Knicks.

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