Sports Wagering Tax (15 percent of the Taxable Win) Taxable Win (Amount remaining after deducting prizes, promotional wagers, and other amounts) Handle (Amount players wagered, including free promotional wagers) Here are the statewide sports wagering totals for June 2023: Operators posted a 20% hold on parlay bets. The combination wagers were the most profitable for sportsbooks during the month. Parlay bets of two or more combined wagers accounted for $93.3 million, or nearly 37 percent of all bets. In June, baseball wagers represented 25 percent of all wagering at $65.2 million. Maryland Lottery and Gaming is now providing monthly sport-specific handle figures. As such, the statewide handle in June totaled $254,476,790, down 20.5 percent from May. June is typically a slower month, with fewer events on the sports wagering calendar. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs. Maryland’s ten retail and ten mobile sportsbooks generated $2,835,051 in contributions to the State. Sports wagering contributes $2.8 Million in tax revenue during June.
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