May 18, 2021
MARKET LAUNCH DATE
Retail: December 9, 2021
Online: November 23, 2022
A1 and A2 licenses: Commercial casinos, racetracks, sports arenas
B1 and B2 licenses: State Fairgrounds, OTB’s, commercial bingo facilities permitted to operate at least 200 electronic bingo machines or electronic tip jar machines, 30 other local businesses selected by the Sports Wagering Application Review Commission
Mobile Sports Wagering license: Class A1 and A2 operators are eligible to receive a mobile license as well as other online operators. A maximum of 60 licenses are available.
RESTRICTED BET TYPES
Must be 21+
BETTING ACCOUNT REGISTRATION
Customers of online sportsbooks are not required to register or fund their accounts in person
15% on sports betting revenue
TAX REVENUE ALLOCATION
Blueprint for Maryland’s Future Fund, a 10-year early childhood, and primary and secondary education funding and expansion plan.
$2 Million for Class A-1 Sports Wagering Facility License–Retail wagering at casinos having more than 1,000 VLTs and the owner (or designee) of professional major league sports franchises or stadiums.
$1 Million for Class A-2 Sports Wagering Facility License–Retail wagering at casinos having 1,000 or fewer VLTs and horse racetracks.
$250,000 for Class-B-1 Sports Wagering Facility License–Retail wagering at businesses having 25 or more FTE employees or earning $3 million or more in annual gross receipts.
$50,000 for Class B-2 Sports Wagering Facility License-Retail at businesses having less than 25 FTE employees or earning less than $3 million in annual gross receipts.
$500,000 for Mobile Sports Wagering License
Renewal fee: One percent of the licensee’s average annual proceeds for the preceding 3-year period, less any proceeds remitted for taxes. Payable every five years.
OFFICIAL DATA MANDATE
Online sports betting has officially launched. Maryland residents can now use sportsbook apps, in addition to betting on horse racing and sweepstake-style online casinos.
There are currently six in-person casinos in Maryland, including five that have legal sportsbooks in them. Additionally, four of the state’s other bingo and off-track betting facilities and one NFL stadium also house retail sportsbooks, amounting to ten physical sportsbook locations throughout Maryland.
Like other states, you have to be 21 or older to gamble in Maryland.
No. You don’t need to be a resident of Maryland to bet in the state. You just need to be within state lines to legally place bets.
The Maryland State Lottery & Gaming Control Agency regulates gambling in the state, including the new online sports betting industry.