The Old Line State saw a $100 million drop in monthly handle in February compared to January, according to figures released by Maryland Lottery and Gaming Control Commission.
A total of $339.4 million were wagered in legal sports betting during the shortest month of the year. The state reported revenue of $40.2 million with a hold of 11.8%.
With the state’s 15% tax rate on sportsbooks, the combination of retail and betting sites led to $18.6 million in taxable win rate, opening the opportunity for $2.7 million in contributions to the Blueprint for Maryland’s Future Fund, which supports public education programs.
February numbers fell from January’s $441 million handle and $59.6 million revenue figures.
