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Black Friday should be arriving two days early for Maryland sports bettors!
After two years of waiting for online sports betting to start in Maryland, bettors in the Old Line State will finally have something to celebrate — just in time for Thanksgiving — as the state plans to officially begin online sports betting on Wednesday, November 23. .
The Maryland State Lottery and Gaming Control Agency (MSLGCA), in conjunction with the state’s Sports Wagering Application Review Committee (SWARC), gave approval Thursday to 10 Maryland sports betting apps to finally begin operations.
Check here for Maryland Sportsbook promo codes
If you’re anywhere within the state, you’ll be able to legally place an online sports bet on Maryland’s betting apps next Wednesday, assuming the operators pass operational checks to be conducted early next week. You will also get access to Maryland Sportsbook Promo Codes.
There are five early registration offers currently available in the state, including a BetMGM Maryland bonus code that offers $200 in free bets and a Caesars Sportsbook Maryland promo code that offers a $100 free bet with a $20 minimum deposit.
Public demand has forced state regulators to move higher
SWARC had originally planned to meet on Nov. 21 to formally award the licenses (with the likely start of online betting slated for late November or early December.
But state officials chose to move the meeting date of Nov. 21 to Nov. 16, as virtually all of the infrastructure was in place for most of the top 10 sports apps to start accepting bets. Basically SWARC and MSLGCA had come to do the final dot of the I’s and the crossing of the T’s to get the online betting party started in the state.
There was another key reason: Thanksgiving weekend is traditionally one of the most popular weekends in sports betting at large, and the state would receive a healthy amount of revenue as a result.
“Mobile (online sports betting) will account for the majority of sports betting revenue, and we are eager to allow Maryland to enter that market,” SWARC President Tom Brandt said at the meeting Wednesday.
Maryland betting online should bring in a lot of money
According to a report, using information from research firm Eilers & Krejcik, mobile/online sports betting is expected to generate nearly $125 million in the first full year of betting, would increase to nearly $370 million in year 2, and nearly $500 million in year 3 .
Here are the top 10 approved Maryland sports betting apps and their physical retail partners. Not everyone will be ready to leave right away.
- BetMGM Maryland (MGM National Harbor Casino)
- FanDuel Sportsbook Maryland (PPE Maryland Mobile LLC)
- Barstool Sportsbook Maryland (Penn Maryland OSB LLC)
- Caesars Sportsbook Maryland (Horseshow Baltimore Casino)
- DraftKings Sportsbook Maryland (Maryland State Fairgrounds)
- BetFanatics (Washington Commanders)
- Betfred (Long Shots LLC)
- Parx Interactive (Greenmount OTB LLC)
- PointsBet (Riverboat on the Potomac, LLC)
- BetRivers by Rush Street Interactive (Arundel Amusements/Bingo World)
The initiation of mobile/online sports betting will occur roughly two years after betting is legally approved by state legislators and just under a year after the state approves retail and in-person betting at so-called “physical points” ” structures.
Many more Maryland sportsbooks to come
What begins on November 23 will potentially be just the beginning. Maryland has already approved the eventual release of up to 60 mobile/online sports betting app licenses, as well as permits for up to 47 land-based bookmakers.
Licenses for an additional 11 mobile/online sports betting apps and six additional physical outlets are expected to be approved at the next SWARC meeting on December 14.
“It certainly took a long time,” MSLGCA director John Martin said in a statement. “Once we realize the full potential with all mobile applicants, as well as retail applicants, we can see $25 million to $30 million annualized in additional tax revenue, and that money is being allocated through the education fund.”
Always gamble responsibly. All licensed and legal operators in the United States have resources available to bettors, including educational guides on how to spot problem gambling, links to support services and tools to self-exclude for a specific period of time. Support is available at National Council on Problem Gambling, 1-800-PLAYER And American Centers for Addiction. Make sure you only bet on gambling sites that are licensed and regulated by the gaming regulator in your state. This ensures that the games are fair, wagers are honored, customer funds are safe and there are legal protections for the consumer.
Sports betting and gambling are not legal in all locations. Make sure you comply with applicable laws where you reside.
This story was originally published 17 November 2022 3.30pm.