Maryland’s seven sportsbook wagering facilities handled $18.65 million in bets in August, including promotional wagers provided to players, and while “the house always wins,” it is not overwhelmingly so.
Maryland Gaming and Lottery reports $15.42 million was paid out as winning to players, leaving wagering facilities with a $3.23 million hold, or 17.3% of wagers.
Sports wagering facilities contribute 15% of their taxable win, the amount remaining after paying winners and deducting promotional play, to Maryland’s Blueprint for Maryland’s Future Fund, which provides funding for early childhood and public schools.
For August, that totaled $477,840.
Since December 2021, sports wagering has contributed $3.7 million to the Blueprint fund.
MGM National Harbor, Live! Casino & Hotel Horseshoe Casino, Ocean Downs Casino and Hollywood Casino opened their sportsbook operations in December. Bingo World opened Aug. 1. Riverboat on the Potomac opened to the public Sept. 8, with other facilities expected to open in the future.
Maryland Gaming and Lottery posts monthly and year-to-date sportsbook results online.
