Gambling: Casinos & SportsbookYear Regulated Gambling:
Racing (1935), Lottery (1973), Bingo (1975), Maine Racinos (2004)
Estimated Gambling Revenue:
Lottery, bingo and racing: 18 years Casinos: 21 years
The State Legislature had planned to shift forward with a fixed Maine sports betting bill, LD1352. There were three to four other decent alternatives before this bill; however, Congress has sorted one.
The tax rate and licensing fee are two of the most critical aspects of this bill. LD 1352 mandates a $100,000 payment for a two-year authority to operate as a sportsbook. The tax rate will probably be a flat 16% for online sportsbooks and a 10% rate for retail. A significant disparity that strongly favors the state’s casinos.
Tethering was the most contentious issue. When legal sports betting operators are permitted to partner with retail casinos to operate in a state, this is referred to as tethering. The primary casino companies in Maine are pushing for tethering, and these casinos are among the most powerful lobbies in the Maine State Legislature.
Maine Sports Betting Update September 2021
Maine was once again denied a sports betting permit. The bill, which revolved around anchoring sports betting to retail casinos in the state, was too contentious in Congress, particularly in the Senate. As a result, the bill was given back to the committee one too many times before the legislature went recess. As a result, sports betting will not be legalized in the state until 2022.
Maine’s Most Anticipated Sports Betting Platforms
Sports betting is a big deal in Maine. Many of the top online sportsbooks in the country aim at the Maine industry and hope to take as large a part of it as possible. These are the top sportsbooks we believe will join the Maine sports gambling market.
Daily Fantasy Sports in Maine
Maine did not enact DFS regulations until 2017, but this did not prevent major DFS sites from operating all across the state with no negative consequences before 2017. Legislators finally drafted a regulatory bill in 2017, and it became law on August 2 of that year.
Maine’s DFS laws are not excessively onerous. Fantasy operators must apply for a permit from the Gambling Control Unit and pay a fee of $2500 if their income in the prior year was $100,000 or more. Companies under that amount of revenue are exempt from paying any licensing fees. Betting companies must renew licenses every 12 months at the same service charge.
In terms of regulations, Maine chose to enact legislation related to that of many other states. Staff members of DFS sites are not permitted to engage, and athletes and authorities cannot compete in contests involving their chosen sport. Player investments must be stored separately from operating funds, and the age requirement to play in Maine is 18.
In Maine, where can I bet on sports?
Because offshore betting sites are located from outside the state’s jurisdiction, they are presently the only place in Maine where you can legally wager on sports. However, if Maine lawmakers decide to legalize sports betting, the state’s land-based, online, and mobile sportsbooks may become a second choice for citizens.
Maine Sports Betting Cities
As previously stated, Maine is not a particularly sports-oriented state. There are no notable professional or college teams to wager on. However, they are close to many other successful professional and college teams because of their location in Portland. On an individual level, Portland sports betting comes down to which team(s) you support. In any case, betting lines are available throughout the year for all teams in the NFL, NBA, NHL, MLB, and NCAA.
Options for Banking
Since sports betting is still not legal in Maine, we can help you plan for what it will be to place a bet on sports when it becomes legal legally. Before you can bet, you must first open an account with the sportsbook of your choice and make a deposit. The following are the majority of the methods for making withdrawals and deposits to and from your favorite sportsbook’s account:
- ACH Electronic Check
- Credit and debit cards
- Bank wires
- Cash in the casino cage
- Online Banking
Probable Betting Markets
A market is a bet provided by a sportsbook. The sportsbook creates the market by publishing offered betting possibilities. For example, a single Patriots game can have over 100 distinct markets. The following markets will be accessible to Maine gamblers: Spread, over/under, Moneyline, prop bets, futures, live/in-game bets, parlay, and teaser.
In addition, sports bettors in Maine can appear to be allowed to wager on a wide range of sports. Sportsbooks in every state offer countless different sports from around the world. For example, cricket and baseball are both available.
Maine Sports Betting FAQS
Is online betting legal in Maine?
The Maine Senate adjourned its 2021 legislative session without acting on a sports betting bill approved by the House, LD 1352. That could have legalized state-wide in-person and online sports betting. The state’s next legislative session will begin on January 5, 2022.
Can you bet on sports online legally?
Very soon, since a significant portion of LD 1352, Maine’s previous leading sports betting bill is to legalize online sports betting within the state. The most extensive debate right now is allowing any sportsbook to apply for licensing or requiring online sportsbooks to partner with land-based casinos.
What is the legal betting age?
In Maine, the legal gambling age is 21 years old. It will not change with sports gambling. It implies that you must either bet on sports in person or online, at least 21 years old.
Is it legal in Maine to use mobile sports betting apps?
Since they do not operate within state lines, all of the offshore sportsbooks have mobile sports betting apps that are legal in Maine. However, state lawmakers have not signed the pending legislation into law. As a result, mobile sportsbook apps are still not permitted to operate in Maine.