Maryland Sports Betting
Mobile/Online Retail
State Market Snapshot
Authorized Operators
FanDuel DraftKings BetMGM bet365 Caesars Sportsbook Fanatics Sportsbook Bally Bet BetRivers betPARX theScore Bet Crab Sports LetsBetMD
Market Notes
- Handle and growth: Maryland generated $6.65 billion in total sports betting handle for calendar year 2025 (solid growth from 2024). FY2026 (through April) handle reached $5.85 billion with continued strong performance. The market remains one of the larger ones on the East Coast, driven by mobile usage and parlay betting.
- Market split: Mobile dominates with 98%+ of handle across 11–12 online skins. Retail accounts for the remaining ~2% at approximately 30 locations (casinos, tracks, and pro venues like M&T Bank Stadium).
- Hold and tax: Statewide hold has averaged 11–14% recently. Online operators pay 20% tax on adjusted gross revenue (increased in 2025), while retail pays 15%. This generated strong tax revenue for FY2026 (over $114 million through the first 10 months), primarily supporting the Blueprint for Maryland’s Future Fund (education).
- Regulatory note: The Maryland Lottery and Gaming Control Commission actively warns operators against involvement in prediction markets (e.g., Kalshi), with potential license risks. The market remains stable with no major new operators added in 2026. Responsible gaming concerns are rising, and iGaming (online casino) expansion efforts have stalled.