Maryland Reports Surprisingly Profitable May Sports Betting Totals

May is usually a slow sports betting month for state. Maryland Lottery and Gaming just reported its second most profitable month of sports betting since launching in December 2021.

Go figure.

Maryland Lottery and Gaming representatives reported $431.5 million in combined retail and online sports betting handle, which generated more than $6.9 million in tax revenues for the commonwealth. It s the second most profitable sports betting month for .

Massive Month for the State

May is historically a slow sports betting month. Baseball is usually not a huge sports betting market and the NBA playoffs are the only other big event to hit during the month. However, Maryland Lottery and Gaming reported a total retail and sports betting handle total of $431,528,137 for the m…