Sports fans in Maryland found plenty to wager on in November with sportsbook and mobile app sports betting hitting an all-time high.
Gamblers placed almost $640 million in wagers in November, up 8% from October, and up more than 16% from a year earlier. Of total wagers, $557.5 million was paid out in winnings.
Maryland currently has 11 mobile sports wagering apps and 12 retail sportsbook locations. Mobile apps accounted for roughly 95% of all wagers placed in November.
“The state’s winning streak continued in November, with state coffers coming out on top. Tax revenue reached a record high of $11.798 million, surpassing the previous record by over $2.4 million,” said Chris Ban at BetMaryland.com. “The Baltimore Ravens’ impressive 75% win rate in November significantly boosted Maryland’s betting revenue and tax income. With the playoffs on the horizon, the state is likely to continue reaping the rewards of Ravens’ success.”
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
