April Revenue Insights
Maryland’s mobile and retail sportsbooks accepted $513.72 million in wagers during April 2025, the highest April total since the state’s full online launch in 2022 and about 6% more than the same month last year. Yet a lighter promotional slate and a bettor-friendly start to the MLB season squeezed the statewide hold to 11.5%, pushing gross gaming revenue (GGR) down 16% year-on-year (YoY) to $42.40 million. Even so, the 15% tax on adjusted revenue delivered $6.36 million to the state, up nearly 12% thanks to the sturdier hold and steady volume.
April Was a Big Betting Month in Maryland
| Year | Handle | GGR | Hold | Taxes |
|---|---|---|---|---|
| 2022 | $26.91m | $2.84m | 10.5% | $0.42m |
| 2023 | $328.45m | $35.64m | 10.9% | $3.86m |
| 2024 | $486.32m | $50.42m | 10.4% | $5.69m |
| 2025 | $513.72m | $42.40m | 11.5% | $6.36m |
YoY: Handle + 5.6% | GGR – 15.9% | Taxes + 11.8% | Verified Maryland Lottery and Gaming Commission data.
How Maryland Compares with a Like-Sized Market
Why Indiana?
Both states serve about six-plus million residents, each fielding 11 legal online sportsbooks. Both levy a dedicated sports-betting tax, though at very different rates.
| April 2025 | Maryland | Indiana |
|---|---|---|
| Population (est.) | 6.0M | 6.9M |
| Online books | 11 | 11 |
| Handle | $513.72m | $437.10m |
| GGR | $42.40m | $40.17m |
| Hold % | 11.5% | 9.19% |
| Tax rate | 15% of AGR | 9.5% of AGR |
| State tax (Apr) | $6.36m | $3.82m |
