There have been some interesting developments concerning the Maryland Sports Betting situation. The state of Maryland has been working since last November to bring legal sports gambling to the state. On November 4 of last year, Maryland voters approved sports betting on the 2020 ballot. Most recently, the Maryland House of Delegates voted to pass the bill to the state’s Senate, where if approved, it would legalize sports betting in Maryland.
If this bill is passed by the Senate, online sports betting would be legal, and the state would allow up to 15 mobile sportsbooks and up to 22 retail locations. Pending the outcome of this bill, Maryland would potentially join nearby states like New Jersey, Delaware, Pennsylvania, Rhode Island, and West Virginia that have already legalized gambling. After the potential passing of this bill, there still needs to be clarification on what types of wagers can take place and which levels of sports can be wagered on.
Where Can You Possibly Bet?
The approval of this bill would immediately garner major attention from different areas that would be interested in a retail or online license. Some of the potential places that could apply for these licenses include casinos, horse tracks, professional team stadiums, and other businesses.
Some of the stadiums that could apply include FedEx Field, the home of the Washington Football team, M&T Bank Stadium, the home of the Baltimore Ravens, and Oriole Park at Camden Yards, the home of the Baltimore Orioles.
Sports fans love wagering on games through online apps and going to retail sportsbooks, but the ability to wager at the stadium would be something widely used and electric! Right now, in-stadium wagering is only legal in Washington D.C. and Illinois.
How Soon Can People Bet?
Now it remains unclear to say an exact date that Maryland bettors would be able to start wagering on sports, but the vote from the Senate is expected to happen rather soon. If the bill passes the Senate vote, it is expected to go into effect around June 1. This would still take some time for wagering to officially be launched in the state, as different sportsbooks and locations would need to go through the process of applying and being approved by the state to offer their services.
Right now, the expectation is that if everything goes as planned, Maryland betters will have the opportunity to start wagering in the state by the time football season rolls around and in time for the MLB World Series. Sorry Orioles fans, but I don’t think anyone expects to see the Orioles in the MLB playoffs.
Money Making Opportunity
It is no secret that sports betting has taken over the United States since the Supreme Court overturned the ban in 2018. As states that have legalized sports betting have proved, residents love wagering on sports, and the industry demands big money. Not only will sportsbooks have the opportunity to make money from the approval of this bill, but the state also has a major opportunity to make money.
States that have legalized sports betting continue to see record-breaking months, and the bigger the events, the more wagers that are placed. Maryland is home to some good professional and college sports teams making them a prime location for sports betting to become legal.
Which Sportsbooks Could Come to Maryland
Some of the most popular sportsbooks will have a great opportunity to expand if Maryland ends up passing this bill. Most of these sportsbooks are already offered in states nearby and have developed a reputation as some of the best.
These sportsbooks include:
- Bet MGM
- William Hill
- Barstool Sportsbook
- Fox Bet
This should be all for the news about the Maryland Sports Betting situation. Make sure you also check out our free betting picks page.