• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Maryland Sports Betting Handle Slips To $25.5 Million For February

Revenue also takes tumble as state's five retail books combine for less than $1 million

Chris Altruda by Chris Altruda
March 10, 2022
in Analysis, Industry
Maryland February 2022 revenue

Photo: Shutterstock

Share on FacebookShare on Twitter

Maryland Lottery and Gaming reported February sports betting handle totaling $25.5 million on Thursday, as bettors appeared to have fared well with Super Bowl wagering, holding operators below $1 million in gross gaming revenue.

The state’s five retail sportsbooks reported a combined handle that was 21.5% lower than January’s total of $32.5 million, but it was the revenue that took a more dramatic downturn. The $955,377 in gross revenue was off 78.2% compared to January’s total of nearly $4.4 million, as the 3.7% hold was nearly 10 full percentage points lower.

The state agency does not break out handle and revenue totals by sport or any other category beyond operator.

After deductions, the taxable revenue for February totaled $893,710, which allowed the state to collect $134,628 in taxes. Maryland had collected more than $1.1 million in taxes in the first two months of operation since its mid-December launch.

Live! carries the day for handle and revenue

February #SportsBetting numbers for #Maryland via MD Lottery and Gaming

All-time totals thru Feb. '22:
Handle: $74,609,408
GGR: $8,500,693
GGR Win Rate: 11.39%
AGR: $8,316,359
AGR Win Rate: 11.15%
Deductions: $184,334
Taxes: $1,248,023

5/5 #GamblingTwitter

— Chris Altruda (@AlTruda73) March 10, 2022

Live! Casino in Hanover, which is operated by FanDuel, took the top spots in both handle and revenue for February. Its $11.1 million in accepted wagers represented 43.5% of all handle, while the $546,420 in gross revenue accounted for 57.1% of the state’s total despite its hold being more than halved from January to 4.9%.

BetMGM in Baltimore had its handle slip 28.9% to $7.5 million, as it narrowly came out ahead with nearly $15,000 in gross revenue. Including deductions, though, it finished $3,811 in the red. It is the first monthly loss in adjusted revenue reported by any operator since launch.

Sign Up For The Sports Handle Newsletter!
I also want to receive information and offers about online sportsbooks (eg. odds boost, welcome offers)

The only book to see a month-over-month increase in handle was Hollywood Casino in Perryville, which climbed 25% to more than $1.8 million. But like other books, the Barstool sportsbook‘s gross revenue dropped sharply, as its win rate plummeted more than eight percentage points, sending revenue down from $206,340 to $104,037.

ShareTweetShare
Chris Altruda

Chris Altruda

Chris Altruda was a sportswriter with ESPN, The Associated Press, and STATS for more than two decades before coming to Better Collective in 2019. When not crunching sports betting revenue figures, he is usually listening to Iron Maiden or exploring Chicago neighborhoods. His Twitter handle is @AlTruda73 and can be reached via email at [email protected]

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

Related Posts

system error
Opinion

Schuetz: Palpable Errors In Sports Betting, And The Palpably Bad Decisions That Follow

September 25, 2023
BetMGM Kentucky bonus code featuring Oregon wide receiver Traeshon Holden.
Promotions

BetMGM Bonus Code Grants $100 in Kentucky; Get up to $1.5K Back in NJ, NY, Ohio, Mass, Illinois & Other States

September 23, 2023
Load More

Top Stories

system error

Schuetz: Palpable Errors In Sports Betting, And The Palpably Bad Decisions That Follow

September 25, 2023
churchill downs betting

Two Of Seven Platforms In Kentucky Will Allow Betting At Age 18 Starting Thursday

September 25, 2023
Getty Images

Will Prohibet Provide One-Stop Shopping For Detection Of Sports Betting Infractions?

September 14, 2023
have-a-game-plan-bet-responsibly-screenshot

Bettors Know All About Responsible Gambling, But Most Don’t Use Tools

September 12, 2023

State Sports Betting Guides

Sports Betting in Kentucky

Kentucky Sports Betting – Pre-Launch Offers & Best Legal Sportsbook Apps for 2023

by Dukes Wooters
September 22, 2023

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – All Online Sportsbooks, Bonus Offers, and News 2023

by Brian Pempus
September 25, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
September 6, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
September 1, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
September 6, 2023

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps 2023

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Lottery
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright Β© 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News