Maryland Sports Betting Brings $2.8 Million in Taxes for June

Despite losing more than $314,000 in hockey bets for the month, Maryland Lottery and Gaming reported $254.5 million in total handle for June which led to nearly $3 million in sports betting taxes.

The state reported $254,476,790 in sports bets for the month and paid out $227,399,671 in prizes to state bettors for a 10.6% hold. Maryland has reported an average 13.3% hold for the fiscal year to date, according to Maryland Lottery and Gaming.

FanDuel Sportsbook reported $108.6 million in online sports betting handle and $10.8 million in taxable win for June, both the highest totals for the month for any operator. It also spent the most in promotional play, reporting nearly $3.5 million.

Maryland Sports Bettors Know Hockey

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