Sportsbooks in Maryland record another high win rate in May, exceeding 10% victory margin.
🗣️ Let's Talk Sports Betting in Maryland! 💭
Hey there! Guess who's itching with excitement? Sports betting enthusiasts across Maryland, that's who! Despite the impressive performance of brick-and-mortar sportsbooks, there's a good reason for the buzz - mobile sports wagering is soon to launch in the Old Line State.
In May alone, Maryland's five sportsbooks combined for a double-digit win rate, with a 13.3% overall win rate. This was the third-highest for 2022 and second-best for the year. The month saw handle slump 14.2%, to nearly $23.1 million, with over $3 million in taxable revenue generated.
💡 Did you know? The success of mobile sports betting can be attributed to several key factors, including convenience, market expansion, technological advancements, competition, revenue potential, and growing demand[1].
Live! Casino's sportsbook, operated by FanDuel, dominated the scene in May, taking in $10.9 million in wagers and boasting a 14.9% win rate[2]. MGM National Harbor followed closely behind, with a 41.4% revenue surge compared to April and a 4.3 percentage point increase in win rate.
However, the anticipation for Maryland's mobile sports betting isn't only about the big names. New entrants, such as Betr and Bally Bet, are expected to shake things up with their competitive offers and innovative services[1]. This influx of new players can lead to a more diverse betting experience for users, improved services, and better odds[1].
So there you have it! The countdown is on for mobile sports wagering in Maryland. Make sure to stay tuned for updates on this exciting development in the world of sports betting!
Sources:1. Maryland Sports Betting2. Maryland Lottery and Gaming – Sports Wagering3. Lessons from Early Adopter States: Sports Betting Policymaking4. Chapter 4 – Sports Betting: The Betting Public, Oddsmaking, and the Regulatory Framework5. Mobile Sports Betting Apps: A Review of Current Options and Future Opportunities
Enrichment Data:6. Growing Market: Mobile sports betting can attract new customers who prefer online platforms and expand the market, potentially leading to increased revenue. Source: 1 and 27. Enhanced User Experience: Mobile apps often offer real-time updates, live betting, and interactive features, making the betting experience more engaging for users. Source: 58. Competition and Innovation: New mobile operators, like Betr and Bally Bet, can introduce competition that drives innovation and potentially better offers for users. Source: 49. Tax Revenue Expectations: Mobile sports wagering can generate significant tax revenue for the state. Source: 110. Real Market Interest: The success of Maryland's mobile sports betting in April 2025, with wagers topping $500 million, reflects strong market demand. Source: 2
In the imminent launch of mobile sports wagering in Maryland, players can look forward to new competitors like Betr and Bally Bet, who promise to offer innovative services that enhance the overall sports-betting experience. Furthermore, the arrival of mobile sports betting is anticipated to broaden the market and potentially generate substantial tax revenue for the state.
