Horseshoe Casino Baltimore applies for mobile sports betting licence
The venue’s Caesars Sportsbook has been accepting in-person wagers since opening in December.
US.- Caesars Entertainment’s Horseshoe Casino Baltimore has applied for a mobile sports betting licence in Maryland. The venue’s Caesars Sportsbook has been accepting in-person wagers since opening in December.
Horseshoe Casino says the limited liability corporation formed for the licence, Caesars Maryland Mobile Opportunity, includes 40 per cent women and minority membership. The group is working with local business partners, including Eddie Brown, Cecil Flamer, Maria Beckett, and James Scott Jr.
Caesars digital president Eric Hession said: “We’re very pleased to have structured our application in a way that not only reflects our corporate mission to promote diversity, equity and inclusion but is consistent with the spirit of Maryland sports betting legislation, which seeks to create business ownership opportunities that otherwise might not exist.”
Maryland House speaker Adrienne Jones added: “Caesars’ success in bringing on significant minority ownership in their sports wagering program is tangible proof that the General Assembly’s intentional pursuit to create diversity in new markets can be successful.”
The Maryland Sports Wagering Application Review Commission (SWARC) opened the application process for mobile sports betting licences in September. Companies interested in obtaining a licence must submit an application by October 21.
Up to 60 mobile sports betting licences will be available. After the application deadline, the SWARC may take up to 45 days to review the applications.
Maryland retail sports betting handle climbs to $18.6m in August
Maryland’s seven sportsbooks registered a sports betting handle of $18.7m in August, a 21 per cent increase compared to July’s $15.5m, according to the report released by the Maryland Lottery and Gaming Control Commission.
Sportsbooks reported $3.2m in revenue, with a win rate of 17.3 per cent. That’s an increase from July, when the revenue was $2m. Maryland collected $477,840 in taxes for August, lifting the total from for the nine months since retail-only sports betting launched to $3.65m. Most of the taxes go to the Blueprint for Maryland’s Future Fund.
