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Sports Wagering Contributes $3.2 Million to the State During November 2023

Maryland’s 13 retail and 12 mobile sportsbooks that operated during November 2023 combined to generate $3,199,529 in contributions to the state. Each sportsbook contributes 15% of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs. November’s statewide handle of $550,716,329 was Maryland’s largest single-month total, surpassing the $497,121,656 wagered in December of 2022. Mobile handle accounted for 96.8% of the total in November at $533,276,787. Mobile wagering delivered $3,052,509 in contributions to the state during November, while retail sportsbooks contributed $147,020. A detailed summary of each sportsbook’s November 2023 results, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, along with a summary of statewide handle and hold by sport is included in the attached chart and available for download at Here are the statewide sports wagering totals for November 2023: Handle (Amount players wagered, including free promotional wagers) Retail: $17,439,542 (includes $16,016 in free promotional wagers) Mobile: $533,276,787 (includes $28,649,664 in free promotional wagers) Combined: $550,716,329 Prizes (Winnings paid to players) Retail: $16,307,928 Mobile: $492,779,418 Combined: $509,087,346 Hold (Handle less prizes paid) Retail: $1,131,614 (6.5%) Mobile: $40,497,369 (7.6%) Combined: $41,628,982 (7.6%) Taxable Win (Amount remaining after […]

The post Sports Wagering Contributes $3.2 Million to the State During November 2023 appeared first on Southern Maryland News Net.

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