Maryland sports wagering handle totals $328m in April
The Maryland Lottery and Gaming Control Agency has released April’s figures.
US.- Maryland’s 10 retail and nine mobile sportsbooks saw a handle of $328m in April, according to figures released by Maryland Lottery and Gaming Control Agency (MLGCA). The mobile handle accounted for 95 per cent of the total at $313.4m.
Activity in April was down 15.3 per cent compared to March’s $370.3m. GGR was $35.6m,representing a 10.9 per cent hold rate. Taxable revenue was $25.7. Maryland taxes sportsbooks 15 per cent, giving the state $3.8m for April.
FanDuel continued to be the top operator in the state, generating a $150.7m handle and $16.4m in taxable revenue. DraftKings recorded a $101.3m handle and BetMGM $28.3m.
Maryland’s sports wagering market launched in December 2021, with the mobile sports betting market opening on November 22 2022.
See also: SuperBook Sports launches in Maryland
Maryland casinos
Maryland’s six casinos generated a record $174.7m in gaming revenue in April, up 2.3 per cent compared to April 2022. The Maryland Lottery and Gaming Commission reported that MGM National Harbor led with $75.4m in revenue.
Live! Casino & Hotel generated $62m, Horseshoe Casino $16.4m, Ocean Downs Casino $7.9m, Hollywood Casino $7.4m and Rocky Gap Casino $5.3m. MGM National Harbor saw the biggest revenue growth at 7 per cent, while Horseshoe Casino‘s revenue decreased by 13.2 per cent.
