Fanatics Makes Maryland Sports Betting Debut in June

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Maryland sports betting

Fanatics made its online debut in Maryland in June, becoming the state’s 10th sports betting app.

According to figures released Monday by the Maryland Lottery and Gaming Control Commission, Fanatics handled $1.6 million in bets while offering $616,000 in promotional credits last month.

Its promotional dollars as a percentage of overall MD sports betting handle landed just shy of 40% for the month, the highest percentage of any operator in the state.

Like its other state launches in OhioTennessee, and Massachusetts, only existing retail customers can access the Fanatics sports betting app.

DraftKings increases handle share

DraftKings Sportsbook handled $89.6 million online in June, good for 37% of all betting dollars in the state. The market leader, FanDuel Sportsbook, handled $108.6 million, taking 45% of the mobile market.

Since March, DraftKings has steadily increased its monthly percentage of online handle:

DraftKings grew its handle share elsewhere, too. It finished ahead of FanDuel in overall NY sports betting handle in June for the first time.

June MD sports betting numbers

Overall, Maryland sports betting handle reached $254.4 million in June, with the state’s sportsbooks generating $27 million in revenue on a 10.6% win rate, or hold. June is typically a slower month with fewer events on the sports betting calendar.

The state collected $2.8 million in MD sports betting taxes.

The fiscal year total (July through June) combining retail and online surpassed $2.89 billion in handle. The first retail sportsbook opened in December 2021. Online Maryland sports betting launched in November 2022.

Sport-by-sport handle breakdown

Maryland now provides monthly sport-specific handle figures. The General Assembly requested the lottery commission begin publicly sharing the data this month.

In June, parlay bets of two or more combined wagers accounted for $93.3 million, or nearly 37% of all bets. The combination wagers were the most profitable for sportsbooks during the month. Operators posted a 20% hold on parlay bets.

Baseball betting represented 25% of all wagering at $65.2 million.