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Maryland Lottery reports $477,840 in August sports wagering tax

Regulation

Source: Maryland Lottery and Gaming (MD)

Maryland Lottery and Gaming reported that the state’s seven sports wagering facilities generated $477,840 for the Blueprint for Maryland’s Future Fund in August 2022. The facilities recorded $18,650,802 in handle and $3,185,601 in taxable win; the tax rate is 15% of taxable win.

The figures show the tax contribution and wagering activity across Maryland’s seven operating sportsbook facilities.

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Tax Law Center urges wagering tax treatment for US sports prediction contracts

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