Maryland House Bill Outlines Sports Betting Rules

Spread the Word:

Maryland has taken another step towards legal sports betting as state lawmakers in the House of Delegates are set to consider a new bill. It comes months after state voters said yes to sports betting on the November 2020 ballot.

On Tuesday, Maryland House of Delegates Speaker Adrienne A. Jones filed House Bill 940 that includes both retail and digital sports betting. The proposed measure divides retail properties into two classifications. The Old Line State’s casinos and race tracks have to obtain a Class A license for $250,000, while Class B covers all the rest of the facilities, which have to pay $50,000 for acquiring a license. The bill sets the fee for online sports betting license at $500,000. The license will be valid for five years, with a renewable fee ranging from $10,000 to $100,000.

A Sports Wagering Application Review Committee is authorized up to ten mobile sports betting licenses. Though the committee can also award licenses to land-based venues, the bill does specify the number of them. Additionally, HB 940 imposes a 15% tax rate for a digital operator’s first $5 million in revenue, which will increase to 17.5% after reaching this point. For retail sportsbooks, the bill proposes a fixed tax rate of 15%. The proceeds from sports betting will reimburse Maryland’s education fund.

Further Details of the Bill

HB 940 suggests sports betting could be allowed at Camden Yard, the Baltimore Ravens’ football stadium, the Baltimore Orioles’ baseball park, and at M&T Bank Stadium on game days using self-service kiosks or in a retail setting. Also, sports betting would be allowed at Pimlico Race Course on live race days, in addition to Timonium Fairgrounds race tracks and the Laurel Park, provided that they hold horse racing permits. More importantly, online registration is also allowed for bettors besides in-person registration at a sports betting facility. The bettors must be within the state jurisdiction in order to place a legal wager. The minimum age is 21.

Additionally, the bill also proposes a $50,000 registration fee and a new 15% tax for daily fantasy sports operators, renewable each year with the same fee.

How Have We Reached Here?

Maryland lawmakers have been trying to regulate sports betting since PASPA was struck down in 2018. In January 2019, Senate President Thomas Miller asked lawmakers to “find a way to do it without a referendum,” as otherwise, the matter would have delayed until November 2020.

However, state lawmakers could not make it happen, which they admitted later. Eventually, the matter was put to the vote in November last year. Though voters approved sports betting, Miller regretted the loss of the years and the revenue. “Everybody’s got a head start: Las Vegas, New Jersey… it’s very unfortunate.”

Earlier in March 2020, Maryland approved a bill legalizing sports betting and, eight months later, state voters officially nodded to the industry. Now lawmakers just have to formulate a set of rules, such as those mentioned in HB 940. If passed, HB 940 will go to the governor’s table for the executive signatures before it becomes law. Meanwhile, the Senate could still draft its own sports wagering legislation before that.

Related News

June 11, 2019

Owner of Capitals and Wizards Outlines Plan for Washington D.C. Sports Betting

The nation’s capital will soon become a sports betting haven within the Beltway region, and billionaire Ted Leonsis can’t wait to get started. The owner of Washington D.C.’s professional hockey […]

read more
Tennessee mobile sportsbooks
August 27, 2021

Tennessee Council Shortlists Candidates For Executive Director, Makes New Sports Betting Rules

Tennessee Wagering Advisory Council has shortlisted nine candidates for the job of the Executive Director of the council, which takes over sports betting on Jan. 1. Nearly 50 applicants had […]

read more
Wyoming capitol building
August 3, 2021

Wyoming Gaming Commission Approves Sports Betting Rules

The Wyoming Gaming Commission approved Monday a series of online sports betting rules, paving the way for a timely launch of the industry this fall. The WGC, which gave a […]

read more
Phoenix Suns flag
February 26, 2021

Arizona Senate Rules Committee Sends Sports Betting to Floor

The Arizona Senate Rules Committee unanimously voted Wednesday on a sports betting bill, sending the measure to the Senate floor for voting. The Ruling Committee’s approval comes despite the Appropriation […]

read more
Maryland state flag outside the capitol
March 12, 2021

Maryland House Passes Expanded Sports Betting Bill

The Maryland House passed Thursday an amended sports betting bill that would allow nearly 40 sportsbook operators in the state. The lower chamber approved HB 940, sponsored by House Speaker […]

read more
Louisiana state house
December 24, 2020

Louisiana Lawmakers Approve Fantasy Sports Betting Rules

On Wednesday, Louisiana lawmakers approved regulations governing fantasy sports betting in the 47 parishes that supported it two years ago. In November 2018, voters in most parishes nodded in favor […]

read more
Louisiana state house
August 24, 2021

Lousiana Gaming Board Unanimously Passes Emergency Sports Betting Rules

The Louisiana Gaming Control Board on Thursday passed emergency sports betting rules in a bid to launch the sports betting industry during the football season. The striking development comes less […]

read more
Arizona
June 20, 2021

Arizona Sports Betting Rules Ready For Public Review

Arizona sports betting and daily fantasy sports rules are ready for public review, allowing stakeholders to submit comments for six days until June 21. The Arizona Department of Gaming (ADG) […]

read more
Poker chips
March 5, 2021

Illinois Online Casino Bill Sent to Rules Committee

An online casino bill that was filed in late February seeking to legalize iGaming options in Illinois has been assigned to the Rules Committee. If it is passed, the Internet […]

read more
Wyoming capitol building
June 11, 2021

Wyoming Gaming Commission Approves Latest Sports Betting Rules

The Wyoming Gaming Commission (WGC) has sent the state’s online sports betting rules to the governor after approving them in Tuesday’s special meeting. Gov. Mark Gordon will officially receive the […]

read more
Maryland state capitol and state flag
March 9, 2021

Maryland House Panel Approves Amended Sports Betting Bill

Maryland House of Delegates committee approved Friday an amended proposal that would legalize sports betting and fantasy sports games in the state. The proposed bill would allow for up to […]

read more
New York Online Sports Betting
August 21, 2021

New York Gaming Commission Approves Final Mobile Sports Betting Rules

The New York Gaming Commission (NYGC) unanimously approved Monday proposed mobile sports betting rules following a quick meeting and a little discussion. It was the last procedural hurdle between the […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.