Press "Enter" to skip to content

Sports Wagering Only Contributes Nearly $7 Million to the State During May 2024

Maryland’s sports wagering market generated $6,991,225 in contributions to the state from a handle of $431,528,137 during May 2024. Sports wagering contributions go to the Blueprint for Maryland’s Future Fund, which supports public education programs. The $6.9 million contribution to the state in May 2024 was the second-best single-month total and represented a 50.3% increase from the $4.6 million figure in May 2023. The $431.5 million in handle was an increase of 34.8% compared to the $320.2 million total in May 2023. Sports wagering data is tracked and reported based on the State of Maryland’s fiscal year, which runs from July 1 through June 30. During the first 11 months of Fiscal Year 2024 (July 2023 through May 2024), sports wagering has contributed $54,582,952 to the Blueprint for Maryland’s Future Fund. A detailed summary of the May 2024 results for each sportsbook, 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 mdgaming.com. Here are the statewide totals for May 2024: Handle (Amount players wagered, including free promotional wagers) Retail: $12,039,657 (includes $33,496 […]

The post Sports Wagering Only Contributes Nearly $7 Million to the State During May 2024 appeared first on Southern Maryland News Net.

Source: https://smnewsnet.comNew feed

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *