In a record-setting showcase, the contribution to state coffers from online sports betting soared by 47.1% to an impressive $5.7 million, marking the fourth-highest single-month total since the industry’s inception in November 2022. This surge underscores a robust growth trajectory, with sports wagering revenues nearly doubling year-over-year, highlighting the burgeoning appeal and fiscal impact of online sports betting markets.
Key highlights:
- State Contribution: $5.7 million, a 47.1% increase;
- Ranking: Fourth-highest month since the November 2022 launch;
- Year-over-Year Growth: Nearly 100% increase in sports wagering revenues;
April sees decline in Maryland casino revenues
Maryland’s six casinos reported a combined gaming revenue of $163.2 million from slots and table games for April, marking a 6.6% dip compared to the same period last year. Leading establishments such as MGM National Harbor and Live! Casino & Hotel experienced downturns in their revenue streams. This development reflects the fluctuating dynamics within the state’s gambling sector.
