The Maryland sports betting industry just welcomed its 11th mobile sports betting app with the launch of Crab Sports. The locally-focused online betting site enters a competitive market, but the platform does have some unique offerings that could help it stand out.
The numbers for the Maryland wagering market are also back from the month of May, and while the overall handle is down from the previous month, revenue numbers saw an increase.
Crab Sports Rolls Out In Maryland
Maryland’s 11th online betting app is now taking wagers! Crab Sports just received a wagering license from the Maryland Lottery and Gaming Commission, and now the betting site has fully launched. Before this launch, the Maryland Lottery and Gaming Commission ensured the platform was ready for launch as a test was conducted in which bettors could place wagers with the platform.
Crab Sports is now in competition with other popular Maryland sportsbooks such as BetMGM Sportsbook Maryland, Caesars Sportsbook Maryland, FanDuel Sportsbook Maryland, and DraftKings Sportsbook Maryland. The platform has a major focus on the Maryland community, with Crab Sports announcing on its Twitter account, “We will be Maryland’s #1 local sportsbook and will be dedicated entirely to the state of Maryland. From the Caps to the Ravens to local crab cakes, we live and breathe MD life.” This community focus is further detailed by the mobile sportsbook’s promotional discounts with its local business partners.
We’re coming for you and we’re ready to give you the local sportsbook you deserve.
Here are some quick hitters on who we are and what we’re about. Can’t wait. pic.twitter.com/kvaKT2B5Qc
— Crab Sports (@crabsportsmd) January 26, 2023
Crab Sports At A Glance
Taking a look at the Crab Sports website, the interface is similar to other mobile sportsbooks on the market. The platform offers an impressive number of different markets to wager on, with everything from football, baseball, hockey, and basketball to MMA, rugby, snooker, and darts.
The platform also has promotions akin to other online betting apps, such as a welcome bonus and boosts on parlay bets. One unique feature on the Crab Sports website is the option to purchase merchandise such as hats, shorts, and can coolers featuring the platform’s logo.
Another interesting feature of Crab Sports is the “Crab Club”, in which users can nominate local businesses to partner with the mobile betting app. Businesses that have struck these partnerships include Route One Apparel, Jimmy’s Famous Seafood, Quincy’s Bar & Grille, and the Southern Maryland Blue Crabs baseball team. This list of Crab Club partners should expand as more bettors in the Old Line State sign up with the platform.
— Crab Sports (@crabsportsmd) July 13, 2023
Maryland Betting Revenue Sees 19.9% Increase In May
The betting handle numbers were recently released for sports betting in the state of Maryland for May of 2023. The handle number declined from April to May of 2023, dropping from $328.4 million in April to $320.1 million in May. However, lower handle totals are generally to be expected as the calendar nears the summer months.
On the bright side, overall revenue was up month-to-month from $35.6 million to $42.7 million. Tax revenue was also up from month to month, increasing 21% from $3.8 million to $4.6 million. Since its retail launch in December of 2021 and its mobile betting launch in November of 2022, the Maryland sports betting market has seen a total handle exceeding $2.8 billion, with $378.4 million in revenue and $25.3 million in taxes generated.