Martin says he likes to believe the majority of the state’s tax revenue stems from players following responsible gambling best practices. Parlay wagering, like it has across other states, has proved particularly lucrative for sportsbooks in the state. I’m proud of that development, that growth.” Maybe something in the low 40s in terms of tax contribution. “Looking at fiscal, which will end in June, we might be looking at a significant bump from that. “The revenue contribution, we originally had estimates of $25-30 million, and we hit that last year in our fiscal year,” Maryland Lottery Director John Martin said.
While the state’s mobile betting market took a long time to launch - voters approved sports wagering in 2020 - it’s now up and running, and the state’s regulator is pleased with the financial results. Thursday marks one year since the launch of legal sports betting apps in Maryland.
