Skip to main content

Maryland sports bettors are largely winning

By Jeff Clabaugh

After a little more than two months of legalized sports betting in Maryland, the house isn’t doing as well as you might think.

Maryland Lottery and Gaming reports players wagered $25.5 million at the state’s first five sportsbooks in February. Total winnings paid to players was nearly $24.6 million.

For sportsbooks, the take for casinos was $955,377, or 3.74%. After deducting promotional play costs, the taxable take was $893,710. The sports wagering tax is 15% after that, for an after-tax total of about $759,000.

Those taxes, a total of $134,628, go to the state’s Blueprint for Maryland’s Future Fund, which supports public education programs.

Five of Maryland’s six casinos — MGM National Harbor, Live! Casino, Horseshoe Casino, Ocean Downs Casino and Hollywood Casino — began sportsbook operations in mid-December. Other sportsbooks in Maryland will open in the near future.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

By The Associated Press
HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
Read Next Story

Related Stories

Canada Meta Data Center
Business & Finance
Meta shares drop as Q2 profit declines due to legal expenses and severance costs
July 29, 2026
Canada Meta Data Center

Meta shares drop as Q2 profit declines due to legal expenses and severance costs

Senate Federal Reserve

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

Golden Globe Awards

Former Golden Globes owners sue Penske Media alleging fraud in acquisition of awards show

Grocery Prices Affordabilty

Americans' confidence in US economy falls as Iran conflict sends gas prices higher

Senate Federal Reserve

Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation