(Baltimore) — Maryland’s first five sports wagering facilities opened for business during December 2021 and contributed $469,297 to the Blueprint for Maryland’s Future Fund, which supports a variety of public education programs. Each sports wagering licensee contributes 15% of its taxable win to the state.
“We are truly excited that sports wagering is available, and we’re eager to do our part to keep the market growing,” said Maryland Lottery and Gaming Director John Martin.
Details on each facility’s handle, hold percentage, taxable win, prizes, promotional play and contribution to the State of Maryland are available online (CLICK HERE
Here are the statewide sports wagering totals for December 2021:Handle (The amount players wagered, including promotional wagers provided to players by sportsbooks):
$16,552,430Prizes (Winnings paid to players):
$13,382,430Hold (Handle less prizes paid):
$3,170,000, or 19.2%Taxable Win (Amount remaining after paying winners and deducting promotional play and other amounts):
$3,128,660Sports Wagering Tax (15% of the taxable win):
The five sports wagering facilities operating in December and their opening dates were MGM National Harbor (opened Dec. 9); Live! Casino & Hotel (opened Dec. 10); Horseshoe Casino (opened Dec. 10); Ocean Downs Casino (opened Dec. 17); and Hollywood Casino (opened 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 1-800-426-2537.