Source: Maryland Lottery and Gaming (MD)
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.
The monthly figures show the tax contribution and wagering activity of Maryland’s licensed sportsbook facilities.
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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.
The Massachusetts Gaming Commission said the notice-of-intent window for sports wagering licence applicants remains open until 15 May 2026. The Commission reopened the process after a request from bet365, which seeks a Category 3 licence; if applications for mobile-only licences exceed availability, it will establish a competitive evaluation process.
The Massachusetts Gaming Commission voted unanimously on 9 April 2026 to reopen sports wagering licensing and requested Notices of Intent from interested entities by 15 May 2026. The notice is for information only and does not constitute a licence application.
Maryland Lottery and Gaming reported $6,991,225 in state contributions from sports wagering in May 2024, based on $431,528,137 in handle. The contribution supports the Blueprint for Maryland’s Future Fund, and the authority said wagering generated $54,582,952 for the fund during the first 11 months of 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.