Sportsbook Facilities Contribute $469,000 to the State in First Month of Operations in MD

Wednesday, January 12, 2022

Maryland’s first five sports wagering facilities opened for business during December 2021 and contributed $469,297 to the Blueprint for Maryland’s Future Fund, which supports a variety of public education programs. Each sports wagering licensee contributes 15% of its taxable win to the state.

Details on each facility’s handle, hold percentage, taxable win, prizes, promotional play and contribution to the State of Maryland are available online (CLICK HERE).

Here are the statewide sports wagering totals for December 2021:

Handle (The amount players wagered, including promotional wagers provided to players by sportsbooks): $16,552,430

Prizes (Winnings paid to players): $13,382,430

Hold (Handle less prizes paid): $3,170,000, or 19.2%

Taxable Win (Amount remaining after paying winners and deducting promotional play and other amounts): $3,128,660

Sports Wagering Tax (15% of the taxable win): $469,297

The five sports wagering facilities operating in December. MGM National Harbor (opened Dec. 9); Live! Casino & Hotel (opened Dec. 10); Horseshoe Casino (opened Dec. 10); Ocean Downs Casino (opened Dec. 17); and Hollywood Casino (opened Dec. 23). Additional facilities are expected to open in the near future.

Maryland Lottery and Gaming operates the Maryland Lottery and is responsible for regulatory oversight of the state’s casinos and sports wagering program. In this role, the agency provides direction and guidance to its casino and sports wagering partners on financial, security, regulatory and licensing procedures. To keep Marylanders informed and to maintain transparency of casino and sports wagering operations, monthly financial reports are posted on mdgaming.com. Maryland Lottery and Gaming reminds players to play responsibly and within their budget; resources are available at mdgamblinghelp.org or by calling 1-800-426-2537.