Sunday, April 21, 2024 | Baltimore, MD
Baltimore, MD
57°
Partly Cloudy
FOLLOW US:

Maryland sees record tax revenue from sports gambling in March, double February figure

April 11, 2023
Winning bet on sporting event, money in sport and sports betting conceptual idea with american football ball and wads of cash isolated on green background

Maryland made more tax revenue from sports gambling in March than the previous three months combined as free bets declined and March Madness drew in millions more in wagers. Maryland received $5.3 million in taxes from sports gambling in March, according to the Maryland Gaming Commission, nearly 90% higher than the February figure of $2.8 million and more than any month since mobile gambling started in the state in November. In total, Marylanders made nearly $386 million in bets in March, an increase of about $46.5 million over February.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.