The Growth of Sports Betting in Maryland

Maryland’s sports betting market has grown rapidly since its legalization in December 2021. With millions of dollars in wagers placed each month, the industry has become a major revenue generator for the state. From mobile apps to retail sportsbooks, Marylanders have embraced sports betting, leading to record-breaking numbers in recent months. This growth is fueled by a combination of enthusiastic sports fans, strategic promotional offers, and an evolving legislative landscape that may expand into iGaming in the near future.

Recent Revenue Figures

Maryland’s sports betting industry has consistently set new benchmarks. In January 2025 alone, the state generated $8.2 million in tax contributions, marking the fourth-highest monthly total since legalization. According to reports, Marylanders wagered over $618 million in January, with mobile platforms accounting for the vast majority of bets.

According to mdbetting.com, November 2024 was another milestone, with nearly $640 million in bets placed—a 16% increase from the previous year. The record-breaking tax revenue of $11.8 million for that month highlighted the growing appetite for sports betting, particularly during high-profile events like the NFL playoffs.

Funding Public Programs

One of the key benefits of Maryland’s sports betting boom is its contribution to public programs. The state directs its betting tax revenue primarily to the Blueprint for Maryland’s Future Fund, which supports education initiatives aimed at improving public schools and increasing teacher salaries.

Since the inception of sports betting in Maryland, the industry has contributed over $143 million to the Blueprint Fund, providing a significant financial boost to the state’s education system. Additionally, a portion of expired betting prizes is allocated to Maryland’s Problem Gambling Fund, ensuring responsible gambling initiatives receive funding.

The surge in revenue not only benefits education but also demonstrates the economic potential of a well-regulated sports betting market. As discussions continue around expanding gaming options, such as iGaming, the financial impact on state-funded programs could grow even further.

The Dominance of Online Platforms

Maryland’s sports betting market is largely driven by mobile wagering. While the state has 13 retail sportsbook locations, 11 mobile sports betting platforms dominate the industry, accounting for over 95% of total wagers.

In January 2025, Marylanders wagered $618 million, with $601 million coming from mobile bets and only $17 million from retail sportsbooks. This shift towards online betting aligns with national trends, where the convenience of mobile platforms, combined with aggressive promotions and live betting features, has fueled industry growth.

Retail sportsbooks, while still valuable, mainly serve as hubs for in-person sports fans who enjoy the social aspect of betting. However, as mobile platforms continue to innovate, it’s likely that digital betting will remain the dominant force in Maryland’s market.

Potential iGaming Expansion

As sports betting thrives, Maryland lawmakers are exploring the potential expansion of iGaming, which would allow residents to legally play online casino games. A recent Maryland House Ways and Means Committee hearing discussed the potential impact of iGaming, focusing on revenue projections, job market effects, and problem gambling concerns.

If approved, iGaming could generate an estimated $1.65 billion in tax revenue over five years. However, opponents argue that online casinos could cannibalize brick-and-mortar casino revenues and reduce employment opportunities for casino workers. The debate is ongoing, with no vote taken yet, but the potential for additional revenue could make iGaming a reality in Maryland in the near future.

Key Factors Driving Maryland’s Betting Growth

Several factors contribute to the rapid growth of Maryland’s sports betting industry:

• Strong Sports Culture – With teams like the Baltimore Ravens, Washington Commanders, and Maryland Terrapins, the state has a passionate sports fan base that actively engages in betting, especially during high-profile events like the NFL playoffs.
• Mobile Betting Expansion – The widespread adoption of mobile betting apps has made wagering more accessible, leading to increased participation and higher revenues.
• Attractive Promotions – Sportsbooks in Maryland continue to offer aggressive promotional wagers to attract new users. In November 2024 alone, mobile platforms awarded $1.6 million in free promotional bets.
• Regulated Market – Maryland’s structured regulatory framework ensures that the market remains competitive while contributing tax revenue to public programs.

With these driving forces in play, Maryland’s sports betting industry is poised for continued expansion, potentially setting the stage for additional gaming opportunities in the near future.

Challenges and Concerns: Problem Gambling & Regulation

While the growth of sports betting in Maryland has brought significant economic benefits, it also raises concerns about problem gambling and regulatory challenges. As the industry expands, regulators and responsible gaming advocates are working to ensure that gambling remains safe and sustainable.

Problem Gambling Risks

With increased accessibility, particularly through mobile betting apps, some experts worry that more people may develop gambling addictions. According to Maryland Lottery and Gaming, a portion of sports betting revenue is allocated to the state’s Problem Gambling Fund, which provides resources such as counseling, education, and a 24/7 helpline.

Responsible gaming initiatives include:

• Self-exclusion programs that allow players to voluntarily ban themselves from betting platforms.
• Limits on deposits and wagering to prevent excessive gambling.
• Public awareness campaigns encouraging responsible betting behavior.

Despite these efforts, Maryland must remain proactive in addressing the social impact of sports betting, especially if iGaming becomes legalized in the coming years.

Regulatory Challenges

Maryland’s sports betting market is heavily regulated, with tax revenue directed toward public programs. However, challenges remain:

• Balancing revenue with player protections – Ensuring that sportsbooks operate fairly while maximizing state tax benefits.
• Enforcing responsible advertising – Sports betting promotions must avoid targeting minors or vulnerable populations.
• Potential competition from neighboring states – As nearby states refine their sports betting laws, Maryland must stay competitive to retain bettors.

Despite these challenges, the state has built a strong regulatory foundation that supports both economic growth and responsible gaming initiatives.

The Future of Sports Betting in Maryland

Maryland’s sports betting industry is expected to continue growing, driven by increased participation, major sporting events, and potential legislative changes. Key trends shaping the future include:

Increased Revenue from Major Sports Events

With the Super Bowl, March Madness, and the NFL season driving massive betting activity, Maryland will likely see record-breaking numbers in the coming months. January 2025’s $618 million in wagers was fueled by the NFL playoffs, and similar surges are expected for future events.

Potential iGaming Legalization

If iGaming legislation passes, Maryland could see a significant boost in revenue beyond sports betting. Supporters argue that online casino games would complement rather than compete with retail casinos, while opponents worry about job losses in the casino industry. The debate will continue, but if approved, iGaming could reshape Maryland’s gambling landscape.

More Betting Platforms & Innovation

As competition heats up, sportsbooks will continue to innovate with:

• Enhanced live betting options for real-time wagers.
• More personalized promotions tailored to individual bettors.
• Integration with major sports teams for exclusive betting experiences.

Ongoing Responsible Gambling Efforts

Maryland will likely expand its problem gambling awareness programs, ensuring that as the industry grows, player protections remain a priority.

With strong momentum, Maryland’s sports betting market is poised for long-term success, with further expansion and legislative changes on the horizon.