Sports News
| Published On Jul 11, 2024 8:34 am CEST | By Daniel Li

Maryland Sees Surge in June Sports Wagering Activity

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Latest sports wagering data for June from Maryland has been made public, and it shows strong growth in the retail and mobile betting markets. At $373.4 million, mobile bets accounted for the majority of Maryland’s $384.7 million total handle in June. Another $11.3 million was added to the total handling by retail establishments.

In June, there was a notable 51.2% rise in handling over the same month last year, indicating the growing popularity of sports betting in the state.

Player Winnings Breakdown

Players in Maryland collectively won $345 million in June. Mobile bettors claimed the lion’s share with $334 million in total winnings, while retail players earned nearly $11 million.

Maryland sports betting generated close to $5.7 million in tax revenue last month, making it the fifth-highest monthly total to date. These funds contribute to the Blueprint for Maryland’s Future Fund, supporting statewide public education initiatives.

Retail sports betting became legal in Maryland in 2021, followed by the launch of online sports wagering in 2022. Recent discussions have focused on the potential legalization of online gaming, including poker, in the state.

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State Senator Ron Watson has introduced a bill advocating for online gaming legalization, though concerns persist among lawmakers about its impact on traditional casino jobs.

As Maryland continues to navigate the evolving landscape of sports betting and online gaming, legislative decisions will play a crucial role in shaping the industry’s future growth and regulatory framework.

 

Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.