Maryland’s seven sportsbook wagering facilities handled $18.65 million in bets in August, including promotional wagers provided to players, and while “the house always wins,” it is not overwhelmingly so.
Maryland Gaming and Lottery reports $15.42 million was paid out as winning to players, leaving wagering facilities with a $3.23 million hold, or 17.3% of wagers.
Sports wagering facilities contribute 15% of their taxable win, the amount remaining after paying winners and deducting promotional play, to Maryland’s Blueprint for Maryland’s Future Fund, which provides funding for early childhood and public schools.
For August, that totaled $477,840.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
