Maryland Sportsbooks Report February Handle Of $340 Million 1z3k16

Sports wagering in Mobile sports betting — there are 10 retail sportsbooks and eight mobile sportsbooks operational in Maryland — ed for 96.5% of the tax revenue delivered to state coffers. 

Just under $340 million was wagered on sports in Maryland in February, and the hold reported by sportsbooks across the state was 11.8% for the month. The handle was likely boosted significantly by the Super Bowl. This was the first year Marylanders had access to legal mobile sportsbooks on Super Bowl Sunday.

Still, Marylanders wagered more money on sports in sports betting operators during their first fiscal year of operation in the state.

Mobile sports betting ed for 95.6% of sports wagering handle in February. Barstool Sportsbook, WynnBET, are expected to start soon. 

FanDuel, DraftKings pace mobile sportsbooks 23l4h

FanDuel paced all Maryland mobile sportsbooks with a February handle of $157.7 million. DraftKings was second, recording a handle of $100.5 million. FanDuel had a February hold of 14.7%, well above DraftKings’ 10.9%. 

No other mobile sportsbook recorded a handle of more than $50 million. BetMGM reported $33.2 million wagered on its mobile platform, and Caesars Sportsbook reported a handle of $16 million. Betfred, which launched its mobile platform on Feb. 9, reported a handle of $406,018 and a hold of 12.7% in its first few weeks of operation in the state.

FanDuel and DraftKings have dominated mobile handle in Maryland. FanDuel has received $692.7 million worth of wagers in the fiscal year, while bettors have wagered $459.9 million on DraftKings’ mobile platform. 

2022 In Review: Consolidation Of Sports Betting Industry Tops Year’s Business Stories https://t.co/I2tS1EvPmG

— Sue Schneider (@SuziQSchneider) January 3, 2023

MGM National Harbor popular 615l2t

In retail betting, customers wagered just under $5.6 million at MGM National Harbor in February, the highest handle of any sportsbook. The location reported a hold of just 2.3% for the month, though. That snaps a streak of seven consecutive months with a hold of at least 10% for MGM National Harbor’s retail sports betting operation.

Live! Casino ($3.4 million), Horseshoe Casino ($2.2 million), and Ocean Downs Casino ($1.1 million) were the only other Maryland retail sportsbooks with a handle north of $1 million in February. 

Sports bettors cleaned up at the Fanatics Sportsbook at FedEx Field, as the location reported a handle of just over $650,000 while paying out winnings of just over $800,000. It was the only retail sportsbook in the state that failed to post a positive hold for the month.