For immediate release

November 10, 2022

Contact:

Seth Elkin

410-230-8816 (office)

410-703-5806 (mobile)

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Sports Wagering Contributes $781,642 to the State During October

 October handle totaled more than $39.6 million

(Baltimore) — Maryland’s eight sports wagering facilities combined to contribute $781,642 during October 2022 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 are included in the attached chart and available at mdgaming.com.

Here are the statewide sports wagering totals for October 2022:

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

$39,663,586

Prizes (Winnings paid to players):

$34,354,150

Hold (Handle less prizes paid):

$5,309,436 (13.4%)

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

$5,210,947

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

$781,642

The hold percentage for all wagers that were settled during October 2022 was 12.61%.

Since the inception of Maryland’s sports wagering program in December 2021:

• Hold percentage for all settled wagers:  11.55%
• Cumulative contribution to the Blueprint for Maryland’s Future Fund:  $5,424,283
• Cumulative expired prizes contributed to the Problem Gambling Fund:  $885,195

Maryland’s sports wagering market launched in December 2021 with the opening of five retail sportsbooks. Three other retail locations have opened in 2022, and additional retail locations and mobile sportsbooks are expected to launch in the near future.

About Maryland Lottery and Gaming

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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