The Blueprint for Maryland’s Future and the Maryland Problem Gaming Fund received $3.8 million from the bookmakers and the two funds have generated $22 million in revenue from online and retail gaming.
FanDuel Leads Maryland Online Sportsbooks
Maryland online sportsbooks handled $313,472,676.39 in total for a combined April revenue of $25,099,795.63. FanDuel topped Old Line State bookies for the 3rd consecutive month, raking in $150.6 million in wagers that was good for a tops in the state with $16.1 million in April revenue.
DraftKings Maryland generated $100.6 million in handle but took in slightly over $6 million in revenue. The rest of the top five including FanDuel and DraftKings are represented in the table below.
|
Operator |
April Handle |
April Revenue |
|---|---|---|
|
Live! Casino (FanDuel) |
$150.6 million |
$16.1 million |
|
DraftKings |
$100.6 million |
$6.7 million |
|
BetMGM |
$28.3 million |
$1.06 million |
|
Caesars |
$15.9 million |
$213,728.99 |
|
Hollywood Casino (Barstool) |
$8.5 million |
$186,763.11 |
MGM National Harbor Top Retail Destination
MGM National Harbor continues to lead the 10 retail sportsbooks operating legally in Maryland. The industry heavyweight accepted $5.5 million in wagers during April and went away with $225,758.28 in revenue.
Live! Casino and its sportsbook arm FanDuel, handled $4.2 million but broke even thanks to the $15,434.25 offered in non-taxable promotions. The NYC based bookmaker was the only Maryland retail bookie to offer any retail promos during April.
|
Operator |
April Handle |
April Revenue |
|---|---|---|
|
MGM National Harbor |
$5.5 million |
$225,758.28 |
|
Live! Casino (FanDuel) |
$4.2 million |
$0 |
|
Horseshoe Casino |
$1.4 million |
$94,231.11 |
|
Oceans Down Casino |
$1.2 million |
$115,869.72 |
|
Hollywood Casino |
$741,645.75 |
$38, 573.00 |
Maryland May Forecast
It has been an up-and-down ride for Maryland bookmakers since the state legalized sports betting in 2021.
Old Line State bookmakers have earned $118,485,849 in combined revenue since July 1, 2022 but we should expect to see a decline during the summer months due to the lack of major US and international sporting events. Here’s a list of sporting events that could help encourage Maryland gaming officials and maybe outdo their April numbers.
- MLB Regular Season – Maryland has the Baltimore Orioles and Washington Nationals to support.
- WNBA Regular Season (May 19-September 10). Catch the Washington Mystics in action throughout their 40-game regular season schedule.
- French Open Tennis (May 22-June 11). Bet on the best in the world in the 2nd Grand Slam of the tennis calendar.
- Wimbledon (July 3-July 16). The 3rd Grand Slam on the tennis calendar and Wimbledon is the most famous tournament in the world.
