Operators in Maryland continued their hammering of the sports betting public in July, posting a hold of 11.4% on $247.4 million handle, according to figures released Thursday by Maryland Lottery and Gaming. It was the 13th consecutive month the house had a collective hold of 10% or higher, and the ninth time in as many months since the launch of mobile betting last November.
Gross revenue totaled $28.4 million in July, with the state eligible to tax $22.1 million of that total after promotional credits and other deductions. The $5.6 million in promotional credits was down 27.4% from June and lifted the overall total for the calendar year to more than $82.3 million.
