In December Maryland set a new sports betting handle record for the second consecutive month, with players spending a total of $559.9m (£439.6m/€510.6m).
The December total, including promotional bets, is 1.7% ahead of the previous Maryland record of $550.7m in November. It is also 17.1% ahead of the $478.3m bet in December 2022, the first full month of legal online betting.
Of this total, some $541.7m was bet online, representing 96.7% of all bets. This included $19.7m in free promotional wagers. The remaining $6.2m was spent by players betting at retail sportsbooks across Maryland, with $32,146 in free bets.
Turning to revenue, overall taxable win in the state was $62.3m in December. This was 49.8% up from $41.6m in November but 26.7% behind $85.2m in December 2022.
Mobile betting generated $60.1m in hold, with retail’s contribution at $2.3m.
After accounting for $19.8m in promotional wagers, monthly revenue stood at $43.2m. The December figure was more than double November’s $2..
