Sports Betting Now Live in Maryland

by MCS Staff
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Governor Larry Hogan placed the first official sports bet at MGM Grand during a betting preview on Thursday, betting on the Baltimore Ravens and Washington Football Team to make it to the Super Bowl.

He placed the first official sports bet at Maryland Live on Friday, going with underdog Navy (located in Maryland) to defeat Army in the annual Army/Navy game. He won that bet, and will donate his winnings to the Maryland Food Bank.

Later on Friday, he placed one of the first bets at Horseshoe Casino in Baltimore, betting on Maryland to defeat Virginia Tech in the upcoming Pinstripe Bowl.

“Today marks the culmination of more than a year of effort to get sports betting up and running here in the State of Maryland,” said Governor Hogan. “In addition to allowing Marylanders to bet on the NFL, March Madness, and so much more, sports betting will also help to keep more dollars in-state and will provide another critical revenue source for public education.”

After a referendum was approved by Maryland voters, HB 940 was passed by the Maryland General Assembly and signed into law by Governor Hogan last May, which officially legalized sports betting in the State of Maryland.

A total of seven facilities have been awarded licenses so far, which are among the 17 entities that were designated in the sports wagering law. Additional locations and the launch of mobile sports wagering are anticipated in the coming year.

Maryland’s sportsbooks will contribute 15% of their revenue to education in the state. This is in addition to the casino lockbox initiative enacted by Governor Hogan, which requires a further investment of $4.4 billion more for Maryland schools.

No word yet on when Marylanders will be able to use sports betting apps in-state.

 

 

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1 comment

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S Wood December 13, 2021 - 12:07 pm

Drilling down to the MoCo level on sports betting, it appears to me that the county has, to date, been left on the sideline. Am I right or wrong?

Reply

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