Maryland Sports Betting Revenue Hits $9M in August

Maryland Sports Betting Revenue Soars to $9 Million in August 2025.Maryland’s sports betting market generated over $9 million for state funds in August 2025. This revenue is a direct contribution from both retail and mobile sportsbook operators. The funds will support public education and state services.According to the Maryland Lottery and Gaming Control Agency, the strong performance was driven by significant wagering activity. Bettors placed over $434 million in total wagers during the month.

Breakdown of Wagering and Tax Contributions

Mobile platforms dominated the market, accounting for $426.6 million of the total handle. Retail sportsbooks generated a handle of $7.6 million. The overall hold percentage for operators was a healthy 12.1%.The taxable win from these operations reached $45.5 million. Retail operators contribute 15% of their taxable win to the state’s education fund. Mobile operators contribute a total of 20%, split between education and the general fund.

Sustained Growth for Public Benefit

This consistent revenue stream provides critical funding for Maryland’s future. The Blueprint for Maryland’s Future Fund has received nearly $190 million since sports betting launched. The General Fund has also benefited significantly from mobile operator contributions.The market continues to expand, adding new operators like bet365 in late August. This growth suggests future revenue for the state could climb even higher. It represents a successful partnership between regulated gaming and public benefit.

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Maryland sports betting revenue continues to be a reliable source for essential state funding. The program’s success directly supports educational initiatives across the state. This model demonstrates the positive economic impact of a well-regulated gaming market.

Info at your fingertips

Where does Maryland’s sports betting revenue go?

Most revenue supports the Blueprint for Maryland’s Future Fund for public education. Mobile betting taxes also contribute a portion to the state’s General Fund. These allocations are defined by state law.

How much was bet in Maryland in August 2025?

Total wagers, known as the handle, reached $434.2 million for the month. The vast majority of this activity, over $426 million, was placed on mobile apps. Retail sportsbooks accounted for the remaining amount.

What is the tax rate for sportsbooks in Maryland?

Retail sportsbooks pay a 15% tax on their taxable win. Mobile operators pay a higher total rate of 20%. Their tax is split between two state funds.

How many sports betting platforms are in Maryland?

The state currently has 12 active mobile sports betting platforms. There are also 12 physical retail sportsbook locations for in-person betting. The market welcomed a new operator, bet365, in late August.