th<\/sup>.<\/a><\/p>\nSportsbooks are required to contribute 15% of their taxable win to the Blueprint for Maryland\u2019s Future Fund.<\/p>\n
That fund plan has lofty goals to transform public education systems with increasing annual funding for public schools by $3.8 billion over a decade.<\/p>\n
Mobile apps account for the vast majority of sports wagering across the state. App betting accounted for almost 95% of the $238.8 million in total wagers in August.<\/p>\n
Nearly 82% of the state\u2019s sports wagering revenue came from mobile bets.<\/p>\n
Betting Handle Increases in August<\/h2>\n
August was fairly hot for sports betting, as the handle reached $263.7 million. That\u2019s a 6.5% increase over the previous month.<\/p>\n
The Maryland Lottery and Gaming Control Commission\u2019s numbers show FanDuel Sportsbook in the top spot, with $104.1 million in online handle. DraftKings accepted $91.9 million. That\u2019s roughly 37% of all betting dollars wagered through the state\u2019s betting apps that month. Fanatics launched in June and is increasing its monthly handle, hitting $6.7 million.<\/p>\n
Maryland\u00a0sportsbooks combined for $17 million in August revenue as the state collected $2.6 million in taxes.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Maryland legislature is tweaking some regulations regarding the state’s sportsbooks.<\/p>\n","protected":false},"author":98,"featured_media":293190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"yoast_head":"\n
Maryland Adds 13th Retail Sportsbook, Lawmaker Criticizes Coverage - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n