Maryland Sports Betting Summer Of Gains Continues For DraftKings

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Maryland sports betting

A summer of gains continues for DraftKings as it grabbed additional share of Maryland sports betting handle in July.

The $92 million in July online MD sports betting handle for DraftKings Sportsbook accounted for 39% of all dollars bet online.

According to figures released Thursday by the Maryland Lottery and Gaming Control Commission, it is the fifth consecutive month DraftKings increased its market share of online handle:

DraftKings handle share on the rise

DraftKings increased its market share of handle in other states recently, too.

FanDuel still tops MD sports betting

Despite steady gains by rival DraftKings, FanDuel Sportsbook still holds the top spot for MD sports betting apps.

FanDuel accepted $99.5 million in online bets in July, good for 42% of all online wagers. It is a decrease from the 45% share of online handle FanDuel claimed in June.

The two market leaders handled more than 80% of all online sports betting in Maryland. DraftKings and FanDuel accepted $191.6 million of the $237.5 million bet online in Maryland in July.

Three MD sports betting operators claim seven-figure revenue

Three Maryland sports betting apps generated more than $1 million in July revenue:

The trio combined for nearly 94% of all online revenue in July, which totaled $20.5 million across Maryland’s 11 online sportsbooks.

Barstool betting in July

Barstool Sportsbook handled $4.4 million online in July, less than 2% of all online sports betting dollars.

Barstool’s parent company, PENN Entertainment, announced Tuesday it plans to launch ESPN BET. The new partnership with ESPN signals the end to the Barstool Sportsbook brand in Maryland, and elsewhere. ESPN Bet is expected to launch this fall.

In fiscal year 2023, Barstool handled $74.4 million online in Maryland, good for 2.8% of all sports betting dollars from July 2022 through June 2023.

New MD sports betting operator debuts in July

Crab Sports made its MD sports betting debut in July. It handled $281,000 online between July 10 and July 31.

Fanatics, which debuted online in June, increased its online sports betting handle in July. It accepted $1.89 million in bets last month, up from $1.6 million in June.

Overall, Marylanders bet $247.4 million in-person and online in July. The state collected $3.3 million in sports betting taxes for the month.