In January 2025, Maryland’s sports betting industry saw strong results, generating $8.2 million in state funding. This marks the fourth-best month since the launch of sports betting in December 2021. The revenue generated supports the Blueprint for Maryland’s Future Fund, which aims to provide increased funding for education over the next decade.
According to Seth Elkin from Maryland Lottery and Gaming, sports betting has already contributed nearly $55 million to the Blueprint fund during the first seven months of fiscal year 2025. This is nearly on par with the $60 million raised throughout fiscal year 2024, demonstrating the continued success of the state’s sports betting industry.
January’s higher revenue was largely driven by a packed sports calendar, which included several marquee events such as NFL playoff games and the college football playoff, culminating in the national championship. These events traditionally lead to increased interest and wagering, which in turn boosts state revenue.
As Maryland’s sports betting industry continues to thrive, the Blueprint for Maryland’s Future Fund is expected to see sustained growth, further supporting educational initiatives across the state.
If you or someone you know has a gambling problem, assistance is available through 1-800-Gambler or MDgamblinghelp.org.