“My hope is we’re able to see sustainable, consistent revenue growth but in a responsible manner,” Martin said. Martin says he likes to believe the majority of the state’s tax revenue stems from players following responsible gambling best practices. Parlay wagering proving to be steady earner for MarylandĪccording to the same report referenced above, parlay wagering, as it has been across other states, has proved particularly lucrative for sportsbooks in the state. In this article, SBS will be going over what to look for from the latest gaming news coming from Maryland. “Looking at fiscal (2024), 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 did 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 betting in 2020 – it’s now up and running, and the state’s regulator is pleased with the financial results. Per one report, and as readers of this space are well aware, this development was a long time coming. This past week marked a significant milestone for the Maryland gaming industry: last Thursday marked one year since the launch of legal sports betting apps in Maryland.
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