Maryland’s take from authorized sports activities wagering in May was the second highest ever. The $6.9 million contribution to the state final month was 50.3% greater than in May of 2023.

Most of the state’s take goes to the Blueprint for Maryland’s Future Fund, which funds early childhood, elementary and secondary education schemes.

Total sports activities wagering in Maryland in May, each at retail sportsbooks and thru sports activities betting apps, was $431.5 million, 35% greater than a 12 months in the past. The complete was down 11.3% from April.

“Maryland bettors took an anticipated trip from sports activities betting in May,” mentioned Steve Bittenbender, analyst at BetMaryland.com. “When sports activities start to decelerate and the sunshine comes out, complete deal with dimension throughout the nation drops.”

Sports betting firms give away quite a lot of free wagers, and bettors do win.

In May, free promotional wages totaled $36.6 million. A complete of $380.5 million in prizes have been paid to gamers in May. More than 95% of sports activities wagering in Maryland is thru sports activities betting apps, with the rest at bodily sports activities betting areas.

Sportsbooks and apps pay a 15% tax on winnings they accumulate.

To date this 12 months, the contribution to the Blueprint for Maryland’s Future Fund is $82.7 million. Expired prizes go to Maryland’s Problem Gambling fund, a complete of $3.1 million year-to-date.

Maryland Lottery and Gaming posts sports wagering handles, prizes and contributions to the state online.

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