Maryland launches online betting, grants flurry of licenses
- By: Tebearau Egbe
- November 24, 2022
- LikeUnlikeLike
- 621 Views
The long-awaited debut of Maryland’s online sports betting took place on Wednesday, with seven mobile sportsbooks already issued licenses.
According to the Maryland Lottery and Gaming Control Commission (MLGCC), these selected sportsbook operators met all requirements to be awarded licenses.
The seven authorized sports betting operators in Maryland are:
- DraftKings
- PointsBet
- Barstool Sportsbook
- BetMGM
- BetRivers
- Caesars Sportsbook
- FanDuel
“Maryland Lottery and Gaming staff ensured that the seven betting sites complied with all required procedures, and that their systems functioned properly,” the regulator said.
Maryland online sports betting is coming just in time for the ongoing football World Cup.
Gaming Director of the Maryland Lottery John Martin said he is satisfied with the new development, noting its timing is also an additional benefit, with the World Cup expected to be a huge event for sportsbooks.
“We’re excited to reach this milepost and have mobile wagering available to everyone with Thanksgiving Day football games coming up tomorrow,” he said.
“But at the same time, this is only a milepost. There are additional mobile sports wagering entities in the pipeline, and our work is ongoing as we guide them across the finish line.”
MLGCC stated that persons aged 21 and above can now utilize any of the platforms to place their bets. Although the introduction of online sports betting has been approved since 2020, it took over two years for it to be implemented. On the other hand, in-person wagering commenced last December.
Gov. Larry Hogan (R), who is a proponent of gambling, expressed his delight at the fruition of online sports betting and also noted that the revenue garnered from the wagers will be channeled into the educational system of the state.
“Marylanders have been waiting long enough.This process took longer than it should have. But we’re excited that this launch is in time for fans to place their bets on the Thanksgiving NFL action,” Hogan said.
“In addition to allowing Marylanders to bet on the NFL, March Madness, and so much more, sports betting will provide critical revenue for Maryland schools.”
According to analysis made of the proposed revenue from retail and online sports betting, the Maryland Education Trust Fund (ETF) will reap approximately $30 million on a yearly basis. This will be achieved through the 15% tax rate that will be charged on the gross income of both online and in-person transactions.
Reports also reveal that 21 applications were submitted for authorization, which means 11 applications are yet to be approved. The MLGCC is still scrutinizing them to make sure they fit all requirements before issuing a license to any of them.
“An applicant must be found qualified via Maryland Lottery and Gaming background investigation before SWARC can award a license,” the regulator said.
“Applicants’ names are not disclosed until Maryland Lottery and Gaming completes their background investigations and schedules their qualification hearings.”
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race MediaTop Online Casinos
Latest Betting News
- Jones v Miocic betting picks & predictions | UFC 309 preview
- De Minaur facing ATP Finals elimination after Medvedev loss
- Tennis: Alcaraz favoured for three of four Grand Slams in 2025
- Cricket: NZ lose Ferguson for remainder of Sri Lanka tour
- Tennis: Casper Ruud stuns Carlos Alcaraz at ATP Finals
- Jon Jones takes aim at Stipe Miocic ahead of UFC 309
- Dolphins @ Rams NFL Monday picks & best bets | Week 10 preview
- Tennis: Fritz, Sinner win on first day of ATP Finals 2024
- Cricket: Pakistan clinch 2-1 ODI series win in Australia
- EPL: Arsenal’s winless run continues with Chelsea draw
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe