had its most profitable month ever.
According to Maryland Lottery and Gaming, the Old Line State reported $483,147,391 in sports betting handle for the month of October. This generated $5,812,245 in sports betting tax revenue, the most Maryland has ever taken in for a single month since launching in December 2021.
Through the first four months of fiscal year 2024, sports betting has generated more than $14.9 million in taxes for the state.
Football Driving Profits
The October 2023 sports betting tax revenues was the best single-month total in the state s sports betting history. The $5.8 million in sports betting tax revenue was 9.5% higher than the previous high of $5.3 million in March 2023.
October’s handle was Maryland’s second-best single-month …