From an overall perspective, the results show that a robust market has taken shape here in Maryland and is making a steady contribution to the state’s education programs.” “The Ravens’ success and college football are contributing factors, and there is a convergence of the seasons in October, with the baseball playoffs and World Series and the start of hockey and basketball. “People love to bet on football, and that is certainly reflected in the handle this time of year,” said Maryland Lottery and Gaming Director John Martin in a release. October’s handle was Maryland’s second-best single-month total, trailing only December 2022’s $497,121,656 total.

The $5.8 million in sports betting tax revenue was 9.5% higher than the previous high of $5.3 million in March 2023. The October 2023 sports betting tax revenues was the best single-month total in the state’s sports betting history. Through the first four months of fiscal year 2024, sports betting has generated more than $14.9 million in taxes for the state. This generated $5,812,245 in sports betting tax revenue, the most Maryland has ever taken in for a single month since launching in December 2021. Maryland sports betting had its most profitable month ever.Īccording to Maryland Lottery and Gaming, the Old Line State reported $483,147,391 in sports betting handle for the month of October.

Online sports betting delivered $5.5 million of the sports betting tax revenue.

The lottery reported $5.8 million in sports betting tax revenue, its most profitable month since launching sports betting in 2021.

Maryland Lottery and Gaming reported $483.1 million in sports betting handle for October.

Mandatory Credit: Eric Hartline-USA TODAY Sports Philadelphia, Pennsylvania, USA Washington Commanders quarterback Sam Howell (14) throws a pass against the Philadelphia Eagles during the second quarter at Lincoln Financial Field.

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