Maryland’s sportsbooks once again pounded the betting public in August, posting their second-highest win rate in nine months of action, according to figures released Monday by the state’s lottery and gaming agency.
The 17.3% win rate trails only the 19.2% operators generated in the initial month of activity last December. It is the seventh time in nine months the statewide hold has surpassed 10%, and August’s win rate is more than double the sports betting industry standard of 7%.
Operators reported $3.2 million in gross revenue, an increase of nearly 60% from July and the third-best month since launch. The hold was more than four full percentage points higher compared to the previous month, while handle also climbed 20.4% to $18.7 million. Though retail numbers will likely climb again in September, the state’s slow-moving process to launch mobile wagering will leave some wondering what might have been.