Record-breaking turnover for Maryland sports betting reaches over half a billion dollars in March
Chillin' with Maryland's March Sports Betting Numbers
Just peeped the stats from Maryland's sports betting scene for March 2025, and let me tell ya—it's goin' down! The all-in handle for both mobile and retail platforms clocked in at an astonishing $588.5 million.
Now, you might be thinkin' where all those bets went, and the answer is simple: $540.6 million went right back to the bettors, leavin' an overall hold of around $47.9 million.
Interestingly, mobile sportsbooks took the majority of action, bringin' in $573.4 million—that's like nine outta ten bets! The retail sportsbooks had a smaller piece, absorbing just $15.1 million.
March Madness played a huge part in the bettor's choices, with professional basketball toppin' the charts at $150.6 million, followe' closely by NCAA basketball with $87.6 million. Pro basketball had a 4.9% hold, rakin' in roughly $7.3 million, while NCAA basketball had a slightly higher hold of 5.2%, bringin' in $4.5 million.
The tennis courts saw action too, with $30.5 million in handle and a $2.3 million hold. Soccer followed closely with $18.6 million wagered and a $796,420 hold. Baseball, still in its season, had $15.6 million in bets and produced a $489,827 hold.
Football might've had a rough month, but NCAA football still managed a 4% average hold for the year, with a handle of $148.3 million and a total hold of $6 million.
All in all, since the start of the fiscal year, Maryland sportsbooks have recorded an insane $4.8 billion in handle and $515.9 million in hold. March alone brought in $4.4 million in taxes—not too shabby! Retail sportsbooks contributed $81,455, while the online platforms banked the remaining $4.3 million.
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Just a heads-up—college football dipped a bit in March, but it's still a solid player in the long run. Switchin' gears, FanDuel was the main operator congratulatin' a 2.6% hold rate—second-lowest in the last 12 months!
There's no detailed breakdown by sport in the available data, but mobile platforms dominated the betting scene, keepin' up with a long-term trend. Miscellaneou' sports like the NBA, NHL, and other spring sports were likely part of the mix, although no specific handle totals were reported.
Ta-ta for now, 'til next time we explore the world of sports bettin'!
- In Maryland's sports betting scene, sportsbooks handled an impressive $588.5 million in March 2025, with mobile platforms taking the majority of action.
- The retail sportsbooks had a smaller share, still managing to handle $15.1 million during the same period.
- March Madness was a prominent factor, with professional basketball leading bettors' choices, followed closely by NCAA basketball.
- Tennis and soccer also saw action, with handles of $30.5 million and $18.6 million respectively, while baseball, still in season, had $15.6 million in wagers.
- Football saw a dip in March, but NCAA football managed a 4% average hold for the year.
- FanDuel stood out as the main operator with a 2.6% hold rate, which was the second-lowest in the last 12 months.
