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Maryland Sports Betting Surpass $536.7Milion In March

olivertaliku

Maryland sportsbooks enjoyed a positive month in March in terms of revenue, with the state surpassing $536.7Million total income for sports wagers after reporting a disappointing month in February.  

February was a disappointing month for Maryland sports betting as the Old Line state reported $442.5million revenue. But just one month later Maryland posted figures of $536.7m from sports betting with a meteoric rise from the beginning of the year.

The latest report from MD suggests that 97% of wagers were placed online during March – with a low percentage hold of just 7.6% retail wagers taken during a busy month.

Maryland’s $536.7m in revenue during March was a huge increase from last year’s total take during the same month, with profits skyrocketing by 39.1% from a low of $385.9m in 2023.

Breaking down the sports betting in Maryland further over the past year shows that the majority of profits came from player props and parlays, which accounted for a total of $30.5m in profit.

Parlays and sports betting was the most bet on category in Maryland during March with $181.1m in wagers taken. The NBA was a close second in the wagers, with over $160m staked on the nation’s top basketball competition.

College basketball also played a big role in the wagers throughout March, with the highly popular NCAA March Madness taking in over $83.6m in stakes.

olivertaliku

Olly Taliku has worked with highly respected sports and gambling websites where he has produced hundreds of articles, as well as being published with Burton Albion and Chesterfield FC. At Burton Olly worked closely alongside the women's team, producing mainly matchday content including reports and interviews, while at Chesterfield he worked in a similar role but with the academy side, as well as some first team content. He also has experience as an accredited Premier League and EFL writer for Prost International where he worked during the 2021/22 season to produce matchday content as an on location reporter. Olly specialises in football as well as long form SEO content plus news, tips and betting but also produces content on basketball, baseball and American football.