Maryland came into an early Christmas present this year.
Maryland Lottery and Gaming today reported more than $78.6 million in taxable gaming revenue this past November. The state taxes sports betting at a rate of 15%, which led to nearly $11.8 million in sports betting tax revenue, a historic mark for the Old Line state.
November was the most profitable month of sports betting in the state’s history since its December 2021 launch.
The commission reported Maryland sports bettors wagered $639,867,400 during November 2024, the largest single-month handle total, surpassing the $593.1 million figure set in October 2024. Online sports betting dominated the state once again, with $621.01 million in sports betting handle for the month, compared with just $18.85 million in retail sports betting handle in November.
