ManTech Wins $500M DOJ Contract for Engineering, Enterprise IT Services
January 14, 2024
County Executive Elrich Releases Recommended FY25-30 Capital Improvement Program and Recommended FY 25 Capital Budget
January 16, 2024
January 11, 2024, 10:20 AM
Legal sports betting in Maryland, almost all of which comes through mobile apps, set a record in December, and most of the wagers placed were paid out in prizes.
Maryland Lottery and Gaming reports almost $560 million in sports wagering last month — 96.7% of that was mobile app wagers.
Sports betting revenue in Maryland is exceeding initial projections with the latest data.
“The numbers we’re seeing over the last six to 12 months reflect the maturation of the market. Initial projects were that sports wagering would generate $25 million to $30 million annually for the state as the market was ramping up,” said Maryland Lottery and Gaming director John Martin. “We’ve now had more than a year of mobile wagering, and we expect the annual contribution to settle at more than $40 million.”
Click here for full story from WTOP
