Sports betting moves one step closer in Maryland

The state could earn $20m annually through sports betting taxes.
The state could earn $20m annually through sports betting taxes.

HB 940, sponsored by Adrienne A. Jones, will move to the House next week.

US.- Sports betting in Maryland is one step closer after a House of Delegates committee approved a bill specifying terms for the market.

The proposal sets out 22 in-person sports betting locations and automatically grants licences to the state’s six casinos, three professional sports stadiums, horse racing tracks, the state fairgrounds in Timonium and an off-track betting boat on the Potomac River.

Along with 10 remaining land-based licences up for grabs, the state would also allow 15 licences for online and mobile betting apps.

The state could earn around $20m annually through taxes which would be set aside to fund public education, according to Penn Live.

After the committee’s approval, the bill will move to the House. The Senate, meanwhile, has held meetings to discuss sports betting, but no bill has been introduced to the chamber.

Sports betting was legalised in Maryland in November 2020 when 66.2 per cent of voters stood in its favour, but the legislature must develop a regulatory framework before it can go live.

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