Maryland Receives Record $1.5 Billion in Gambling Tax Revenue in Fiscal Year 2022

Maryland Lottery and Gaming announced that it contributed $1.511 billion to the state during the Fiscal Year 2022. The fiscal year runs from July 1, 2021, to  June 30, 2022.

That number is the total contributed through the lottery, the state’s six casinos, daily fantasy sports, and sports betting. It’s a $120 million jump from last year’s contribution. 

The earnings make Maryland Lottery and Gaming the fourth largest source of revenue for the state. 

“We are immensely proud to be a vital source of funding for programs and services that Marylanders depend on every day,” Maryland Lottery and Gaming Director John Martin said in a statement. “We’re in the entertainment business, but we never lose sight of the role we play and our place in the community.”

The traditional lottery contributed $673.7 million to the state. 

Maryland Casino Numbers

There are currently six privately owned casinos in Maryland. During the Fiscal Year 2022, they set records for total gaming revenue and contributions. 

Maryland casinos made $832.3 million in contributions to the state and a $611.6 million contribution to the Education Trust Fund (ETF). The total gaming revenue was over $2 billion.

MGM National Harbor and Live! Casino & Hotel were the biggest earners, contributing $331.8 million and $295 million to the state. 

Sports Betting Contributions

Sports betting contributed $2.9 million to the state on a total handle of more than $174 million between the five retail sportsbooks. 

Fifteen percent of the sportsbooks’ taxable winnings are contributed to the Blueprint for Maryland’s Future Fund. The fund supports public schools in the state, it received $3 million from the wagers placed. 

The total handles and contributions for each of the sportsbooks:

  • Live! Casino & Hotel (FanDuel) — $78,853,899 and a $1,335,224 contribution
  • MGM National Harbor (BetMGM) — $52,284,189 and a $744,994 contribution
  • Horseshoe Casino (Caesars) — $26,636,355 and a $509,722 contribution
  • Hollywood Casino (Barstool Sports) — $9,538,839 and a $126,003 contribution
  • Ocean Downs Casino (TwinSpires) — $7,447,738 and a $167,122 contribution 

The sports betting statistics will likely continue to increase as Maryland is looking to add additional retail sportsbooks as well as hopefully Maryland mobile sports betting this year. 

Earlier this month BetRivers opened its retail sportsbook inside Bingo World becoming the first non-casino retail sportsbook in Maryland. In addition to BetRivers, there could be more sportsbooks opening soon with two off-track betting sites, Greenmount Station and Riverboat on the Potomac, being granted licenses. 

July A Great Month For Maryland Casinos

The Fiscal Year 2023 has already gotten off to a terrific start for the state of Maryland. The six casinos brought in a record-setting $181.5 million in gross gaming revenue for the month of July. The number surpassed the previous record set in July 2021.

Casino gaming contributed a little over $76 million to the state for the month, a 1.6% decrease from a year ago.

MGM National Harbor led the way bringing in $77.2 million while Live! Casino & Hotel had the second largest with $61.5 million.

AP Photo/Terrance Williams

About the Author

Kayleigh Toney

Kayleigh Toney is a Virginia-based freelance sports writer at Maryland Sharp. She’s an avid NWSL and USWNT fan and a lifelong Virginia Tech Hokie.