According to a report from the Maryland Lottery and Gaming Control Agency, the state collected $9.2 million in tax revenue for the month, all of which goes to the Blueprint for Maryland’s Future Fund.
June also closed out Fiscal Year 2025, bringing the full-year contribution to $88.9 million, up from $60.3 million in FY2024.
June Handle and State Contributions
In June, players placed $396.2 million in wagers through Maryland mobile betting apps and $7.7 million at retail sportsbooks, for a combined handle of $403.8 million. Bettors won back $346.7 million in prizes, leaving operators with a 14.1% hold rate, or $57.1 million in gross gaming revenue.
From gross revenue, after deducting promotional credits and other adjustments, the taxable win stood at $46.4 million. At the 15% retail tax rate, brick-and-mortar sportsbooks paid $140,405 to the state. Mobile operators, taxed at 20% in June, contributed $9.1 million. Combined, these payments totaled the $9.2 million that the state reported for MD sports betting.
This monthly contribution pushed Fiscal Year 2025’s total to $88.9 million, a 47.4% increase over the previous fiscal year. All proceeds support the Blueprint for Maryland’s Future Fund, which finances public school improvements and teacher grants across the state.
New Tax Rules and Market Trends
June 2025 was the first month under Maryland’s new tax structure. The Budget Reconciliation and Finance Act raised the mobile tax rate from 15% to 20% of taxable revenue. For June, the full 20% went to the Blueprint Fund.
Beginning July 1, 15% will continue to support Blueprint, while 5% will be allocated to the state’s General Fund. Retail operators remain at 15%, all directed to Blueprint.
Mobile wagering now dominates Maryland’s market, accounting for 98% of total handle in June. Retail outlets were limited, with one major sportsbook closed for system upgrades from June 4–12. Controlled testing of the new operator’s platform occurred on June 9 and 11, and full service resumed on June 13.
Over the past 30 months since legalization in December 2021, Maryland’s sports betting market has generated more than $177 million for Blueprint. Mobile platforms continue to attract most bets, driven by promotions and major sports events. Retail locations, while smaller in volume, offer in-person experiences and remain important for regional bettors.
As Maryland heads into the new fiscal year, analysts will watch whether the tax adjustment affects betting volume, operator promotions, and long-term growth. With summer sports in full swing, the market looks poised to maintain its upward trend.
