Under the approved Maryland sportsbook implementation bill, people can wager on sports online. Also, people can bet on sports at casinos, stadiums, and horse racing tracks.
The bill will head to the Senate. According to bookie pay per head reports, the bill allows sports betting in 22 locations within the state. The three stadiums are home to the Washington Football Team, Baltimore Orioles, and Baltimore Ravens.
Also, horse tracks at Laurel Park, Pimlico, and the state fairgrounds in Timonium will receive sports betting licenses. An off-track wagering facility will get a license as well.
Maryland Sportsbook Implementation Bill
The bill allows ten additional licenses for in-person sports betting facilities. According to The Sports Interaction report, the state would accept applications for the licenses. Also, the state will offer fifteen licenses for online betting.
According to a political forum, most sports betting in the US happen online. Thus, it is a good idea to include online sports betting in the bill. Businesses can apply for licenses for both mobile and online websites.
Bookie pay per head sources said that betting on college and professional sports will be allowed in Maryland. Also, players can wager on international sports events, including the Olympics. The bill also allows fantasy sports betting.
Maryland expects to earn around $15 million to $19 million each year from sports betting. The state would use the money to fund education initiatives. The sportsbook operator would keep 85 percent of the revenue on the first $5 million and 82.5 percent of revenue above $5 million based on the bill. The rest of the income would go to the state’s coffers.
Sixty-seven percent of voters approved sports betting last November. At present, neighboring states have legalized sports betting. They include New Jersey, Virginia, West Virginia, and Delaware.