Maryland governor signs 20% tax rate for online sports betting
Maryland Governor Wes Moore signed House Bill 352, raising the tax on online sports betting from 15% to 20%. The law allocates 5% of sports betting tax revenue to the state’s General Fund, with the remainder directed to the Blueprint for Maryland’s Future Fund; the higher rate does not apply to in-person betting.
Online sportsbook operators in Maryland face a higher tax rate, while the law directs most sports betting tax revenue to education funding.