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Here’s what that means for the Blueprint for Maryland’s Future Fund, which supports public education.
BALTIMORE — Maryland’s sports betting market gave the state a big financial boost in January, contributing $8.2 million. This was the fourth-highest monthly total since sports betting was legalized in December 2021.
So far in Fiscal Year 2025 (July 2024 – January 2025), sports betting has contributed nearly $54.8 million to the Blueprint for Maryland’s Future Fund, which supports public education—up from $32.8 million during the same period last year.
In January alone, Marylanders placed $618.8 million in bets and won back $536.7 million. The state currently hosts 11 mobile betting platforms and 13 retail sportsbooks.
Key Figures for January 2025:
Total Wagers: $618.8 million
Retail: $17.6 million
Mobile: $601.3 million
Total Payouts to Players: $536.7 million
Retail: $16 million
Mobile: $520.7 million
Total Revenue Before Taxes: $82.1 million
Taxable Revenue After Deductions: $55 million
Retail: $1.1 million
Mobile: $53.9 million
State Tax Revenue (15% of taxable revenue): $8.2 million
Retail: $160,698
Mobile: $8.08 million
Total Contributions Since Legalization Since Maryland launched sports betting in December 2021, the program has generated:
Maryland Lottery and Gaming Oversight Maryland Lottery and Gaming regulates the state’s sports betting industry, ensuring fair play and financial transparency. Monthly reports on sports betting performance can be found at mdgaming.com.
For those struggling with gambling, free confidential help is available at 1-800-GAMBLER or mdgamblinghelp.org.
With sports betting gaining popularity, Maryland’s Blueprint Fund is expected to keep growing, providing vital support for education across the state.
