{"id":122074,"date":"2022-07-12T15:58:16","date_gmt":"2022-07-12T18:58:16","guid":{"rendered":"https:\/\/focusgn.com\/?p=122074"},"modified":"2022-07-15T11:42:31","modified_gmt":"2022-07-15T14:42:31","slug":"maryland-sportsbooks-handle-drops-to-19m-in-june","status":"publish","type":"post","link":"https:\/\/focusgn.com\/maryland-sportsbooks-handle-drops-to-19m-in-june","title":{"rendered":"Maryland sportsbooks handle drops to $19m in June"},"content":{"rendered":"\n

June\u2019s figure represented a 17.2 per cent decrease from May\u2019s $23.1m. <\/p>\n\n\n\n\n\n\n\n

US.- Maryland\u2019s five sportsbooks<\/strong> registered a sports betting handle of $19m <\/strong>in June, a decrease of 17.2 per cent compared to May\u2019s $23.1m. According to the report released by the Maryland Lottery and Gaming Control Commission<\/strong>, gross gaming revenue from sports wagering plummeted 57.4 per cent to $1.3m<\/strong>, down from $3.1m in May.<\/p>\n\n\n\n

Maryland collected $189,323 in taxes for June<\/strong>, lifting the total for the year to $2.4m.\u00a0Since sports betting began in Maryland in December, sportsbooks have handled nearly $175m and paid out $155m. That’s generated nearly $2.9m for the Blueprint for Maryland\u2019s Future Fund<\/strong>.<\/p>\n\n\n\n

The FanDuel Sportsbook at Live! Casino<\/strong> led the way in June with $8.4m in wagers, representing 44 per cent of the state\u2019s overall handle. MGM National Harbor in Baltimore<\/strong> registered $5.3m in wagers.<\/p>\n\n\n\n

Ocean Downs<\/strong>, run by TwinSpires, claimed $94,654 in gross revenue from $934,312 in wagers. Caesars-powered Horseshoe Baltimore<\/strong> claimed $385,000 in gross revenue from a $3.2m handle.<\/p>\n\n\n\n

See also: <\/strong>Maryland casinos generate $162.7m in gaming revenue in June<\/a><\/p>\n\n\n\n

Mobile sports betting<\/h2>\n\n\n\n

Maryland\u2019s Sports Wagering Application Review Commission<\/strong> (SWARC) has held a meeting to review proposed sports betting rules and applications<\/a> for retail establishments and mobile operators. It comes after governor Larry Hogan urged the commission<\/a> to \u201caccelerate and intensify\u201d its work to get mobile sports gambling up and running by September.<\/p>\n\n\n\n

Hogan signed a bill to legalise online and retail sports betting in Maryland last year after voters approved sports betting through a November 2020 referendum. Retail betting has been available<\/a> for six months, but online sports betting has not yet launched. Hogan has said he wanted to have mobile sports betting in time for the NFL season in September.<\/p>\n\n\n\n

The commission may approve regulations and applications at its next meeting, which is scheduled for July 20<\/strong>. There will be 60 mobile and 30 retail licences available. Several steps remain before regulations are in place.<\/p>\n\n\n\n

Once approved by the SWARC, the regulations need to be approved by the General Assembly\u2019s Joint Committee on Administrative, Executive, and Legislative Review<\/strong>. After that, the rules are subject to a 30-day public comment period. That may lead to additional tweaks to the rules before they\u2019re ultimately implemented. There is still no definitive timeline for launch.<\/p>\n","protected":false},"excerpt":{"rendered":"

June\u2019s figure represented a 17.2 per cent decrease from May\u2019s $23.1m. <\/p>\n","protected":false},"author":226,"featured_media":94434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[6,6644],"tags":[],"_links":{"self":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/122074"}],"collection":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/comments?post=122074"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/122074\/revisions"}],"predecessor-version":[{"id":122121,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/122074\/revisions\/122121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/media\/94434"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/media?parent=122074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/categories?post=122074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/tags?post=122074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}