![]() October’s tax bill of $5.5 million beat out March’s $5.3 million (which had the first two rounds of March Madness). This meant that the Blueprint for Maryland’s Future Fund, the main beneficiary of the state’s 15% tax rate on gross revenue, saw its best month ever. ![]() After September’s 11.9% win rate, October was slightly better with the house keeping 12.1%. “The (Baltimore) Ravens’ success and college football are contributing factors, and there is a convergence of the seasons in October, with the baseball playoffs and World Series and the start of hockey and basketball," Martin added.Īs Marylanders increased their wagers, the sportsbooks enjoyed another month of a double-digit hold. “People love to bet on football, and that is certainly reflected in the handle this time of year,” said Maryland Lottery and Gaming director John Martin.Īnother potential reason for the uptick in wagers is the rare sports equinox where all four major sports were played on the same day (which happened on Oct. Maryland Lottery and Gaming announced a handle of $483.1 million, the second highest on record (December 2022 had $497 million in bets). Maryland enjoyed one of its best months in terms of legal sports betting this October and there is a lot to look forward to this year. ![]()
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