Nothing but good news for Maryland sports betting keeps on rolling in. Seriously, 2023 has already proven to be a monster year for Maryland, as wagers are flying off the rails. Lawmakers and officials could not have been happier with the results of the first quarter of the year, but the great news is that things have continued to move in the right direction here. With that, the Maryland sports betting numbers for May were incredible.
Just how good were they? According to a report, the betting revenue for Maryland in May was $42 million. The overall betting handle was $320 million, but the $42 million for revenue was fantastic to see. It makes sense that the betting numbers for May were so high, as people were without question placing a lot of bets not only on the MLB season, but also on the NBA playoffs as well.
While the best time of year for betting is the football season, people in Maryland love baseball, basketball and hockey action as well. In May, we saw plenty of upsets being recorded during the NBA postseason. People became huge fans of the No. 8 seed Miami Heat in the Eastern Conference, as sports fans all over the USA were checking the NBA betting odds to put money down on Jimmy Butler.
As for the MLB action, the Washington Nationals are the local team and they’ve been looking to make a splash in the NL East too. While the Nats don’t hold the best MLB betting odds in terms of the World Series, there’s still plenty of young, exciting talent on the squad. Fans are excited about the future of this team. Because of this, plenty of more wagers on the Nats will be coming in for the rest of the spring and summer.
Running May Top 10 #SportsBetting handle by state:
1 New York $1.36B
2 MASSACHUSETTS ~$455M
3 Maryland $320.2M
4 Indiana $283.4M
5 Tennessee $279.8M
6 Iowa $147.72M
7 Oregon $52.12M
8 West Virginia $31.91M
9 Washington DC $12.53M
10 Montana $4.46M#GamblingTwitter
— Chris Altruda (@AlTruda73) June 15, 2023
Maryland bettors have their eyes on the New York Giants
While loads of people in the area love the Washington Commanders, Maryland bettors have their eyes on the New York Giants as well. This may come as a bit of a surprise, but the reason for this is that the Giants used the No. 24 overall pick in the NFL Draft on Deonte Banks, a former superstar for the University of Maryland. Because of this, Maryland fans will be watching the rookie this season and moving forward.
The intriguing thing about Banks is that he’s expected to start right away for this team. The Giants have had issues with their secondary for a while now, but general manager Joe Schoen traded up to land him late in the first round. Now, Banks has been looking sharp not only at OTAs but at minicamp as well. Defensive coordinator Wink Martindale is a big fan of his game and has high expectations for him in ’23.
“It’s like winning scratch off ticket”
Wink Martindale on having Deonte Banks pic.twitter.com/hqGr9c08yV
— Talkin’ Giants (@TalkinGiants) June 8, 2023
“I think it’s important to have a cornerback like that in anybody’s defense,” Martindale said. “He’s very instinctive. What’s Ted Lasso say? He lives life like a goldfish. He’s got a short memory when things don’t go right. He’s tough minded, he’s physical, he can tackle and on top of that, he can run. So, we’re excited about it. He’s getting into the groove. There’re still some rookie mistakes, which you expect that, especially this early, but we’re really excited.”
In terms of NFL betting odds, the Giants and Commanders are always going to have plenty of people in Maryland focused on them. The Giants may not be the favorite team in the state, as the Commanders are, but Banks making his way to East Rutherford has completely changed things. Because of this, bets from people in Maryland are already placing bets on the G-Men. This is only going to continue once the season arrives.
The next quarter will be huge for Maryland sports betting
As great as things have been in recent months, the next quarter will be huge for Maryland sports betting in terms of the handle and revenue. July, August and September will surely be massive, as the heart of the baseball season will be in full swing and the football season will kick off in early September. Once Week 1 arrives for the NFL and college football, the bets are going to be through the roof.
As we mentioned above, the Commanders are going to have a ton of attention on them during the campaign. However, some of the other powerhouses are going to receive plenty of bets on them as well. In terms of the Super Bowl, the Chiefs, Eagles, Bills, Bengals and Cowboys are the top squads that people have their eyes on.
Then for MLB, once the postseason gets here in the fall, even more wagers will be placed. There are several teams in the mix to win the World Series, of course including the Rays, Astros, Dodgers, Braves and more. People are getting their World Series futures bets in now, but everything will be trending upward in the coming months. It’ll be a quarter to remember for Maryland, there’s no doubt about that.