Maryland Sports Betting Handle Increases In August

Written By

Updated on

Maryland sports betting

Maryland sports betting handle reached $263.7 million in August, a 6.5% increase over the month before ($247.4 million.)

According to figures released Monday by the Maryland Lottery and Gaming Control Commission, FanDuel Sportsbook led all MD sports betting operators with $104.1 million in online handle.

Maryland sportsbooks combined for $17 million in August revenue, and the state collected $2.6 million in taxes.

MD sports betting handle share dips for some

DraftKings Sportsbook accepted $91.9 million in online bets last month. It was good for 37% of all betting dollars wagered through Maryland sports betting apps in August.

DraftKings had increased its market share of handle for five consecutive months, accepting as much as 39% of all online betting dollars in July, before giving up a bit of ground in August.

Fanatics increases handle in August

Since its June launch in Maryland, Fanatics Sportsbook has continued to increase its monthly sports betting handle:

Fanatics doled out $1.6 million in promotional bet credits last month, the third-most in the market behind FanDuel ($2.6 million) and DraftKings ($2.3 million.)

Single-digit hold for MD sports betting

Sportsbook in Maryland, in-person and online, combined for a 9.4% win rate in August. Sportsbooks posted a lower monthly hold only twice before:

Both instances happened before online sports betting launched in November 2022.

Parlays, baseball most popular August bets

Parlay bets and professional baseball were the two most popular wagers for bettors in the Old Line State.

Accounting for more than 56% of all bets, parlays and baseball wagers combined for $149 million in August.

Tennis was the third most-popular sport for Marylanders to bet on last month. The $35.2 million in tennis bets was good for 13% of all sports betting in Maryland.