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Maryland’s sports wagering industry set a new record in September 2024, largely fueled by the start of the football season. The state saw its highest-ever monthly contribution from sports betting, reaching $9.4 million. This figure came from a total betting handle of $532.87 million, with the funds aimed at supporting the Blueprint for Maryland’s Future Fund, which provides critical resources for public education.
September’s $9.4 million contribution nearly tripled the amount collected in the same month last year, which stood at $3.2 million. It also broke the previous record of $8.2 million, set in January 2024. This growth marks a steady rise in Maryland’s sports wagering market, which has expanded significantly since the launch of retail sportsbooks in December 2021 and mobile betting in November 2022.
In the first quarter of Fiscal Year 2025, which covers July through September, Maryland contributed $21.2 million to state funds. This is more than double the $9.1 million collected during the same period in FY2024.
The Blueprint for Maryland’s Future Fund, which benefits from these contributions, supports public education programs across the state. Since the sports wagering program began, it has provided a cumulative total of $109 million to this fund. The continued growth of sports betting shows promise for further contributions to education.
John Martin, Director of Maryland Lottery and Gaming, praised the continued growth of the sports betting market but also urged bettors to gamble responsibly.
“We’re encouraged that the sports wagering market continues to generate additional funding to support schools,” said Martin. “At the same time, we also encourage everyone to be responsible about their betting.”
Martin emphasized that mobile wagering apps offer tools to help users set limits on their activity, making it easier to keep betting fun and in moderation.
In addition to the contributions to education, Maryland’s sports wagering program has also added $3.4 million to the state’s Problem Gambling Fund. These funds come from expired prizes and are aimed at supporting those struggling with gambling-related issues.