Crab Sports Is Newest Maryland Online Sports Betting Operator
- Crab Sports launched its online sports betting operations in Maryland today
- The Maryland Lottery and Gaming Control Commission awarded the operator a license
- It’s the 11th online sportsbook to launch in the state
Crab Sports, which may be the most appropriately named online sportsbook in the history of sports betting, launched its Maryland online sports betting operations today after receiving a license from the Maryland Lottery and Gaming Control Commission.
On July 10, Crab Sports successfully completed its necessary controlled demonstration of its online sports wagering platform. It received its online sports wagering license from the MLGCC and launched today, becoming the 11th online sportsbook to launch in Maryland.
Two things Marylanders love: Crabs and their state flag.
— Russ Joy (@JoyOnBroad) July 13, 2023
Crab Sports Newest to Maryland
Crab Sports received its online sports betting operator license from the Maryland Sports Wagering Application Review Commission (SWARC) in February. The newest online sports betting operator launched its services this morning at 8 a.m.
— Crab Sports (@crabsportsmd) July 13, 2023
Crab Sports is a privately-held Delaware corporation formed in Oct. 22, 2021. The operator is a start-up venture focused solely on the Maryland sports betting market. According to its application, it will focus on engaging local Maryland businesses to build market share through performance driven partnerships.
It’s the 11th online sportsbook operator in Maryland. The other 10 operators are:
- Barstool Sportsbook (operator for PENN Maryland/Hollywood Casino in Perryville)
- Betfred Sportsbook (operator for Long Shot’s in Frederick)
- BetMGM (operator for BetMGM Maryland Sports/MGM National Harbor in Oxon Hill)
- BetRivers (operator for Arundel Amusements/Bingo World in Brooklyn Park)
- Caesars Sportsbook (operator for CZR Maryland Mobile Opportunity/Horseshoe Casino in Baltimore)
- DraftKings (Crown MD Online Gaming)
- Fantatics Sportsbook (operator for Maryland Stadium Sub, LLC)
- FanDuel (operator for PPE Maryland Mobile/Live! Casino and Hotel in Hanover)
- PointsBet (operator for Riverboat on the Potomac in Charles County)
- SuperBook (SBOpco, LLC)
June Maryland Sports Betting Totals
Maryland Lottery and Gaming reported $254.5 million in total Maryland sports betting handle for June which led to nearly $3 million in sports betting taxes.
The state reported $254,476,790 in sports bets for the month and paid out $227,399,671 in prizes to state bettors for a 10.6% hold. Maryland has reported an average 13.3% hold for the fiscal year to date, according to Maryland Lottery and Gaming.
FanDuel Maryland reported $108.6 million in online sports betting handle and $10.8 million in taxable win for June, both the highest totals for the month for any operator. It also spent the most in promotional play, reporting nearly $3.5 million.
Maryland Lottery and Gaming reported $2,835,051 in total sports betting taxes for the month at a 15% rate on taxable win. The total taxable win for the month was reported at $18,900,337. The 10 operators totaled $7,754,570 in online sports betting promotional play for the month, with FanDuel spending the most at $3.47 million and DraftKings Maryland just behind at $1.89 million.
Retail sports betting contributed $91,242 in tax revenue while online sports betting reported the vast majority at $2,743,809 in revenue.
Here are the June handle and taxable win totals for online sports betting:
- BetMGM: $20,843,391 handle. $986,232 taxable win.
- BetRivers: $2,547,894 handle. $58,182 taxable win.
- Caesars Sportsbook: $11,917,179 handle. $362,278 taxable win.
- DraftKings: $89,664,242 handle. $5,665,938 taxable win.
- Barstool Sportsbook: $4,786,828 handle. $277,745 taxable win.
- FanDuel: $108,659,787 handle. $10,812,368 taxable win.
- BetFred: $996,333 handle. $0 taxable win.
- Fanatics Sportsbook: $1,600,335 handle. $0 taxable win.
- PointsBet: $2,358,711 handle. $129,314 taxable win.
- SuperBook: $442,469 handle. $0 taxable win.
Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.
