As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / Fanatic Produces Strong Maryland Performance in Debut Month

Fanatic Produces Strong Maryland Performance in Debut Month

Publish Date: July 13, 2023
Fact checked by: Alyx Tzamantanis

Recently released figures have shown that Fanatics made a positive start in its first month of legal sports betting. The brand became the 10th online sportsbook to launch in Maryland, and June’s showing revealed that Fanatics could be one to watch.

Fanatic Produces Strong Maryland Performance in Debut Month

This is because Fanatics took in $1.6 million in sports bets in June, although it offered $616,000 in bonus bet credits to welcome new customers in. This showed that nearly 40% of the bets made at Fanatics were made with promotional credit as the sportsbook aims to get a toehold in the competitive betting market.

Fanatics is already well known as an apparel brand, but it is getting serious about sports betting. It has spent much of the year locked in negotiations to take over the struggling PointsBet sportsbook so as to bypass the licensing issues that would hold up its sports betting debut in many states. This process has been held up by rival bids from DraftKings, but if approved, then it will see Fanatics becoming a key player in this growing market.

A tough task ahead for Fanatics

Maryland is just one of the states targeted by Fanatics for its launch into the sports betting industry. The brand is also setting up shop in other states like Ohio, Tennessee and Massachusetts. Each of these four states will only let people download the Fanatics app if they already exist as a retail customer.

Fanatics faces a tough challenge to gain even the smallest amount of market share in Maryland. The Old Line State’s sports betting scene is currently dominated by FanDuel and DraftKings.

FanDuel is just edging ahead in the market with an overall handle in June of $108.6 million representing 45% of the mobile betting market. DraftKings took in $89.6 million through its online operations in June. This represents 37% of all bets taken in the whole of Maryland.

Growing revenues for Maryland’s online sportsbooks

While June is traditionally a slower month in terms of the sports betting handle in all states, Maryland still enjoyed respectable figures. This is because the total number of sports bets taken was $254.4 million and this had a knock-on effect of producing $27 million in revenues, while raising $2.8 million in sports betting taxes for the Maryland state coffers.

While online sports betting in Maryland was only launched in November 2022, it has already gotten off to a strong start. From July 2022 to June of this year, there has been $2.89 billion taken in sports bets both online and in the state’s retail sportsbooks.

Maryland’s lottery commission revealed that baseball is one of the most popular sports to bet on in the Old Line State accounting for 25% of all bets with $65.2 million wagered in total. There are also some notable trends that revealed that nearly 40% of all bets involve making two or more wagers at the same time. All of this shows that things are getting interesting when it comes to sports betting in Maryland.

Read Also
Draftkings And Fanduel Battle For Control On NY Sports Betting Market
The battle between DraftKings and FanDuel for supremacy in the New York ...
Fanatics Poised To Take Advantage Of New Nfl Season
Fanatics will go live in up to 11 states to coincide with ...
BetMGM Promo
Positive Trends For Sports Betting In Pennsylvania
It’s been yet another great month for sports betting in Pennsylvania. Recently ...
Fanatics online sportsbook finally opens its doors
It’s been a long time coming, but the Fanatics online sports book ...
Maryland Sport Betting is launching this week: Get more than $1000 in bonus bets from the start
We’ve found some amazing Maryland sports betting launch promo codes and we’re ...
Sportsbook of the month
PointsBet - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
Las Vegas adult venue steps in after recent MGM cyberattacks
Amid the turmoil caused by recent cyberattacks at ...
Over $20 Billion In Revenues Since Legalization Of Sports Betting
Legal sports betting has only been in existence ...
Draftkings And Fanduel Battle For Control On NY Sports Betting Market
The battle between DraftKings and FanDuel for supremacy ...
Kansas Records $1.85 Billion Of Bets In First Year Of Sports Betting
It’s been a successful first year of operation ...
Las Vegas hotel manager allegedly embezzles $773k in fake refund scheme
Brandon Rashaad Johnson, a former Las Vegas strip ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.6/5
Caesars
Caesars
Caesars Review
4.6/5
PointsBet
PointsBet
PointsBet Review
4.5/5
BetMGM
BetMGM
BetMGM Review
4.5/5
Unibet
Unibet
Unibet Review
4.5/5
Bet365
Bet365 Bonus
Bet $1 & Get $365 in Bonus Bets
T&Cs apply
4.6/5
Bet $1 and Get $365in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Caesars
Caesars Bonus
Bet $50 Get $250 in Bonus Bets
T&Cs apply
4.6/5
PointsBet
PointsBet Bonus
5 x $50Bet Credits
T&Cs apply
4.5/5
BetMGM
BetMGM Bonus
up to $1,500 back in Bonus Bets
T&Cs apply
4.5/5
Unibet
Unibet Bonus
$100 Second Chance Bet
T&Cs apply
4.5/5
21+ and physically present in VA only. Terms & Conditions apply. If you or someone you know has a gambling problem, please call, text or chat, VA Council on Problem Gambling on their confidential and toll free helpline at: 1-888-532-3500.
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Move to Top
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$25 No Deposit + 250,000 Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site