For immediate release

April 11, 2022

Contact:

Carole Bober Gentry

410-230-8725 (office)

410-365-6384 (cell)

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Sportsbook Facilities Contribute $577,019 to the State During March

 Sports wagering handle in March totaled $31 million

(Baltimore) — Maryland’s five sports wagering facilities combined to contribute $577,019 to the Blueprint for Maryland’s Future Fund, which supports public education programs. Each sports wagering licensee contributes 15% of its taxable win to the state.

Details on each facility’s handle, hold percentage, taxable win, prizes, promotional play and contribution to the State of Maryland are included in the attached chart.

Here are the statewide sports wagering totals for March 2022:

Handle (Amount players wagered, including promotional wagers provided to players by sportsbooks):

$31,025,892

Prizes (Winnings paid to players):

$27,098,319

Hold (Handle less prizes paid):

$3,927,573 (12.7%)

Taxable Win (Amount remaining after paying winners and deducting promotional play and other amounts):

$3,846,791

Sports Wagering Tax (15% of the taxable win):

$577,019

The hold percentage for all wagers settled during March was 11.23%. Since the inception of the sports wagering program in December 2021, the hold percentage for settled wagers is 9.26%.

MGM National Harbor, Live! Casino, Horseshoe Casino, Ocean Downs Casino and Hollywood Casino began their sportsbook operations during December 2021 with openings occurring from Dec. 9 to Dec. 23. Additional facilities are expected to open in the near future.

Maryland Lottery and Gaming operates the Maryland Lottery and is responsible for regulatory oversight of the state’s casinos and sports wagering program. In this role, the agency provides direction and guidance to its casino and sports wagering partners on financial, security, regulatory and licensing procedures. To keep Marylanders informed and to maintain transparency of casino and sports wagering operations, monthly financial reports are posted on mdgaming.com. Maryland Lottery and Gaming reminds players to play responsibly and within their budget; resources are available at mdgamblinghelp.org or by calling 1-800-GAMBLER.

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