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Over $5 million dollars in sports wagering taxes this month

April 12th, 2023 by WCBC Radio

March saw the best month-to-date yet for sports wagering, according to the Maryland Lottery and Gaming Commission.  The ten retail and eight mobile sportsbooks generated a single month record of over $5 million dollars in sports wagering taxes to the state’s coffers.  That money represents 15% of the taxable wins for the month – a total of $35.4 million dollars.  A strong contributor to the month’s wagering total of $385.9 million dollars was the annual NCAA March Madness tournament.  The sports wagering taxes go to the Blueprint for Maryland’s Future Fund that supports public education programs.