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Sports Wagering Continues Success Story

June 14th, 2024 by WCBC Radio

Maryland’s sports wagering market generated almost $7 million in tax revenue to the state’s Blueprint For Education fund in May.  Wagers placed through retail locations and by mobile use totaled $419 million for the month. Payouts for the month totaled $380 million.  May 2024 was the second-best single month total since the state program began.  Tax revenues represented a 50% increase over May of 2023 and wager amounts show a 34.8% increase over previous year betting.