Gambling: Casinos & SportsbookYear Regulated Gambling:
Racing (1870), Lottery (1972), Bingo (1952), Casinos (2008)
Estimated Gambling Revenue:
Bingo, racing and lottery: 18 Casinos: 21
Maryland sports betting became legal in 2020 after voters passed a ballot proposal. The choice on the ballot was “yes” or “no,” and the outcome was “yes.” As a result, Governor Larry Hogan signed the bill into law in May 2021. The rules became legal on July 15th, 2021, after it passing the state assembly. As a result, Maryland’s lawmakers are confident that legal sports betting will be available in their state by the fall of 2021.
There are no restrictions on placing sports bets in any of the surrounding states or provinces. Maryland has officially joined the expanding list of states with legal sports betting, including Virginia, Delaware, West Virginia, Pennsylvania, and Columbia.
Maryland Sports Gambling Operators
An in-depth look at sportsbooks that may operate in Maryland is provided below:
Caesars Sports Betting Maryland
Caesars Entertainment, the company that owns Horseshoe Casino, plans to establish a sportsbook, perhaps with an option for online sports betting. “New” Caesars purchased William Hill after Eldorado Resorts bought it. The two companies previously had a functional relationship.
By 2021, Caesars will have phased out the William Hill brand and replaced it with a new Caesars Sportsbook brand name. In three jurisdictions, Caesars already provides mobile betting, and in eight states, retail books. However, due to the 2020 agreement, it will have much more exposure to the American public as ESPN’s sole line supplier.
BetMGM Sport Betting in Maryland
Even though sportsbook affiliation is a very uncertain procedure, it is reasonable to assume that BetMGM will operate in Maryland. Aside from being one of Maryland’s most well-liked casinos, MGM National Harbor has also formed a partnership with the Baltimore Ravens. This made it a potential online skin for the club.
MGM plans to establish a sportsbook as soon as possible, both online and in-person. For its main sports betting product, it will utilize the BetMGM app, which is currently accessible on the digital platform in five states and is driving one of the fastest expansions of any operator in the nation.
TwinSpires or BetRivers Maryland Sports Gambling
Churchill Downs, the owner of Ocean Downs, is most likely to adopt the name TwinSpires for its online and retail sportsbooks. However, after successfully entering the New Jersey, Pennsylvania, and Indiana markets, Maryland would be an easy next step.
Churchill Downs is very well to grow into new areas in the future years, despite its not yet having the same national reach or market share as other sports betting rivals. Also, Rush Street Gaming (Illinois) has some connections with Churchill Downs, so the BetRivers brand, which has done well nationally so far, is a possibility as well.
FanDuel Sports Betting
FanDuel, one of the most significant sports betting companies in the U.S. market share, will join the Maryland sports betting industry shortly. The casino and Hotel in Philadelphia, the Cordish Companies already have a FanDuel contract. So it would make sense to do the same thing in Maryland.
With retail sportsbooks in ten jurisdictions, eight of which allow mobile gambling statewide, FanDuel is often among each state’s month’s revenue leaders. So it’s safe to say that FanDuel will be a dominant player in the Maryland fantasy sports industry, too.
Barstool Sportsbook Maryland
Pennsylvania-based Penn National Gaming, which owns Barstool Sportsbook, plans to expand. The well-known sports gambling media and entertainment brand into an increasing number of states, including Maryland. Hollywood Casino Perryville is owned by Gaming and Leisure Properties, a real estate investment trust split from Penn National. The two companies remain strong business partners. The Perryville casino, just a few miles from the Pennsylvania border and is home to Penn National’s company offices, would be a perfect setting for Barstool’s newest digital sportsbook.
PointsBet Sports Betting Maryland
PointsBet and the Riverboat on the Potomac to provide retail and online sports betting were formally announced in June 2021. The Riverboat on the Potomac is a minority-owned small company that provides satellite simulcast OTB services.
One of the top sportsbooks in the U.S. market, PointsBet, is headquartered in Australia and serves the Maryland market with its high-risk, high-reward PointsBetting wagering strategy. To put it another way, PointsBetting is a spread bet on steroids. To learn more about how to become involved, read our PointsBet review in its entirety.
The Stronach Group, which owns the Laurel Park and Pimlico racetracks, was concerned about using a single internet skin for both. But, to their delight, each track will get its own sports betting license, which will allow them to operate individually. What remains to be seen is who could be a potential sports betting partner. It was formerly owned by Stronach but is currently run by Flutter Entertainment and rebranded as TVG2.
Flutter also owns the FOX Bet sportsbook, and a collaboration between the two companies may benefit both. FOX Bet would leap at the opportunity to operate a sportsbook affiliated with historic Laurel Downs and Pimlico. The site of the Preakness Stakes, if not FanDuel, which may negotiate a deal elsewhere. Suppose forced to choose between FanDuel and FOX Bet, and Flutter would undoubtedly select the latter. In that case, FOX Bet remains the leader for a Maryland skin.
A major U.S. bookmaker with many physical and internet outlets, DraftKings Sportsbook is likely to find a way into Maryland. The Maryland State Fairgrounds may be the venue for legalized gambling since there is no other apparent connection. With decreasing attendance at its horse races, the Maryland State Fair and Agricultural Society, the property’s facilitator, will have a license for sports betting, including an online skin.
State Fair officials would highly value the chance to work with one of the largest brands in American sports betting. In the eight states where it operates both retail and internet sportsbooks, DraftKings competes with competitor FanDuel for the top revenue rankings. While it’s unclear which partnership will be formed in Maryland, given the state legalized wagering in 2020, expect it to happen again.
Sports Betting in Maryland FAQs
When will sports betting be legal in Maryland?
A vote on legalizing sports betting in Maryland took place in 2020. The state legislature then made laws to provide the regulatory framework necessary to permit legal sports betting. Finally, in May of 2021, the bill became a law.
Can you bet on sports in Maryland?
Yes! You can bet on sports in Maryland after a bill legalizing the activity made it into court in May of 2021.
Is FanDuel legal in Maryland?
Maryland’s lawmakers are sure that gambling will be legal in the state as early as the fall of 2021, if not before. In addition, there are no restrictions on placing sports bets in any of the surrounding states or provinces.
Is it legal to bet online in Maryland?
Yes. There are up to 60 mobile sports betting licenses available in Maryland under current state legislation.