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In January 2025, Maryland’s sports betting market grew by 2.6% year over year, indicating encouraging growth. $82.1 million was earned by the state from sports betting, of which $8.2 million was contributed to Maryland’s Future Fund. Since the state legalized sports betting in December 2021, this was the fourth-highest single-month contribution.
The state’s sports wagering handle totaled $618.8 million in January 2025, reflecting a solid 13.6% increase compared to the same period last year. Mobile sports betting, accounting for $601.3 million of the handle, saw a year-over-year increase of 13.9%. While retail sports betting also saw a boost, rising by 2.2% to nearly $17.6 million, it remains far behind mobile betting in terms of overall contribution.
Despite the win percentage for January 2025 being 13.3%, compared to 14.7% the previous year, Maryland continued to perform well in sports betting. The increase in sports wagering revenue is especially notable considering the lower win percentage, which typically signals a less favorable outcome for operators.
Since the launch of legal sports betting, Maryland has made significant contributions to state funds. The $8.2 million contribution to Maryland’s Future Fund in January brings the total to nearly $143.3 million. Additionally, sports wagering has contributed $3.6 million to the Problem Gambling Fund.
Currently, Maryland operates 11 mobile sports wagering platforms and 13 retail sportsbook locations, providing ample access for residents. These growing numbers highlight the state’s commitment to expanding its sports betting market and generating revenue for public benefits.