In November 2025, Maryland’s total revenue from casinos and sports betting reached an impressive $256,052,007, reflecting a 6% rise from the same month in 2024. Additionally, the total annual revenue for the fiscal year 2025 was $2,663,337,064, marking a 5% increase compared to fiscal year 2024. The revenues generated by casinos are allocated among various key sectors, including the Education Trust Fund, local support initiatives, the horse racing industry, and the Maryland Small, Minority, and Women-Owned Business Fund. Meanwhile, funds from sports betting are shared between the Blueprint for Maryland’s Future Fund and the General Fund.
The figures mentioned above also encompass online sports betting income, which has been gaining traction across the nation alongside other digital gambling trends. Even though online casinos remain illegal in Maryland, residents can still utilize online options discussed in this article from adventuregamers.com, which feature platforms licensed both domestically and internationally. A notable downside is that these online establishments do not contribute taxes to Maryland. However, anticipated legalization of online casinos in the state could enable tax collection and distribution from this revenue across various local organizations.
During November 2025, Maryland’s six physical casinos generated $158,766,823 from a mix of table games and slot machines, demonstrating a slight increase of 0.4% from November 2024. The contributions from these casinos to state coffers during the same month amounted to $68,548,425.
The overall revenue from the casinos during fiscal year 2025 (spanning from July 1, 2024, to June 30, 2025) totaled $1,964,816,784, representing a 1% increase compared to the previous fiscal year. The total contributions to the state reached $831.3 million in fiscal year 2025.
Of the contributions made in 2025, a significant $606.2 million was directed to the Education Trust Fund, which is crucial for supporting public education. This amount reflects an increase of $5.5 million when compared to FY2024. Since opening its first casino in 2010, the Education Trust Fund has received an astounding total of $6.4 billion from casino revenues. Additionally, communities hosting casinos benefited from $105.1 million in FY2025, while the horse racing industry received $95.2 million. The Maryland Small, Minority, and Women-Owned Business Fund saw a $20.4 million allocation, a 1.5% increase from the prior fiscal year.
In November 2025, sports bettors engaged in significant wagering, totaling $720,180,853. Out of this amount, players won $622,895,669 in prizes, resulting in a hold of 13.5%, which translates to $95,435,699 in taxable revenue. Contributions from sports betting to the state amounted to $19,012,033, marking an impressive increase of 61.1% over November 2024. Retail sports betting operators are taxed at a rate of 15%, while mobile betting operators saw their tax increase from 15% to 20% in June 2025.
During FY2025, a total of $6,218,831,405 was wagered on sports, with $5,520,311,135 awarded in prizes. The remaining taxable revenue stood at $577,680,021, resulting in a contribution of $88,923,572 to the state—a remarkable 47% rise from the $60,311,456 recorded in FY2024.
From July 1, 2024, to May 30, 2025, both retail and mobile sports betting operators faced a tax rate of 15%, with all contributions directed towards the Blueprint for Maryland’s Future Fund, aimed at bolstering public education. In June 2025, the tax rate for mobile operators increased to 20%, with all revenues being allocated to the Blueprint Fund. By July 2025, the tax distribution was adjusted so that 15% of mobile operators’ taxable revenue would go to the Blueprint Fund, while 5% would be allocated to the General Fund.
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