Source: Maryland Lottery and Gaming (MD)
Maryland Lottery and Gaming reported that the state's five sports wagering facilities contributed $189,323 to the Blueprint for Maryland’s Future Fund in June 2022. Wagering handle totalled $19,121,331, taxable win was $1,262,156, and the tax was 15% of taxable win.
The reported tax contribution and wagering activity help assess Maryland’s sports wagering market.
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It was reported that the Tax Law Center published an analysis on 1 October arguing that US sports prediction contracts qualify as wagers for federal taxation. Its interpretation would bring these contracts within gambling provisions covering excise taxes, winnings and loss deductions. The analysis calls for IRS clarification to reduce uncertainty.
An analysis from the Tax Law Center, dated Oct. 1, examines whether contracts tied to sporting events on venues like Kalshi belong within the federal rules that govern gambling. The center's position is that such contracts amount to wagers for federal tax purposes.
Maryland’s sports wagering market contributed $9,226,682 to the state in June 2025, Maryland Lottery and Gaming said. For fiscal 2025, contributions totalled $88,923,572, up 47.4% from the previous year. Mobile operators’ contribution rate rose from 15% to 20% of taxable proceeds on 1 June under legislation passed in 2025.
Maryland Lottery and Gaming said sports wagering generated $5,728,503 for the state from $384,687,982 in wagers during June 2024. The contribution went to the Blueprint for Maryland’s Future Fund; wagering also generated $60,311,456 for the fund across fiscal 2024.
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.
Maryland’s sports wagering facilities generated $452,897 in state tax for May 2022, according to Maryland Lottery and Gaming. The agency reported $23,095,542 in handle and $3,019,311 in taxable win; the tax supports the Blueprint for Maryland’s Future Fund.