Maryland sportsbooks reap $80 million in January revenue

Maryland sportsbooks reap $80 million in January revenue

Article brief provided by Sports Handle
  • Chris Altruda, Sports Handle
February 12, 2024 7:31 PM
  • Chris Altruda, Sports Handle

The Ravens being “nevermore” in the playoffs led to plenty more revenue for Maryland sportsbooks in January.

Maryland Lottery and Gaming reported just over $80 million in gross sports wagering revenue for January on Monday as mobile sportsbooks cleaned up thanks to Baltimore’s loss to Kansas City in the AFC title game.

It was the second-highest revenue total in 26 months of betting in the Old Line State, behind only the $85.2 million generated in December 2022, the first full month of online wagering available. The statewide hold was an eye-watering 14.7%, second-best in 15 months of digital betting as operators posted an eight-figure revenue total for parlay wagering and nearly did so in NFL action.