Maryland’s sports betting market hit an all-time high in September 2024, with bettors wagering a record $532.9 million, driven by the start of the NFL season and increased excitement around the Washington Commanders. The state collected $9.4 million in tax revenue, nearly triple the $3.2 million generated during the same month last year.
“This is far and away the largest month ever in our nearly three years of sports wagering,” said Maryland Lottery and Gaming Director John Martin. He attributed part of the surge to renewed enthusiasm around the Washington Commanders: “The fanbase is a little more enthusiastic this year… it’s a lot more engaging, a lot more interesting for people.”
The previous record for Maryland sports betting was set in January 2024, when $8.2 million in tax revenue was generated.
The $9.4 million collected in September will go to the “Blueprint for Maryland’s Future Fund,” which supports public education programs. Since the launch of sports wagering in December 2021, the fund has received over $109.7 million from betting contributions.
Martin emphasized the positive impact of the industry but also urged safe betting. “We’re encouraged that the sports wagering market continues to generate additional funding to support schools, and at the same time, we also encourage everyone to be responsible about their betting,” he said.
Mobile platforms dominated the market in September, accounting for $518.9 million of the total handle and generating $9.1 million in tax revenue. In contrast, retail sportsbooks contributed $13.9 million in wagers, adding $280,618 to the state’s coffers.
For the first quarter of Fiscal Year 2025 (July-September), Maryland’s sports wagering contributions totaled $21.2 million, more than double the $9.1 million during the same period in FY2024.
Martin also highlighted the importance of responsible gambling, noting that mobile betting apps offer tools to help users manage their activity. Since December 2021, expired prizes have contributed $3.4 million to Maryland’s Problem Gambling Fund.
Original article: https://www.yogonet.com/international/noticias/2024/10/14/81587-maryland-sports-betting-surges-to-record-5329-million-in-september-fueled-by-nfl-kickoff
