Maryland raises mobile sports betting tax rate to 20%
Maryland enacted House Bill 352, raising the tax rate on mobile sports betting revenue from 15% to 20%, according to the report. Five per cent of mobile betting tax revenue will go to the state’s general fund, while tax proceeds from online and retail wagering will continue to support the Blueprint for Maryland’s Future Fund; the retail rate remains 15%.
Mobile sportsbook operators face a higher state tax rate, while the law changes how part of the revenue is allocated.