In a recent report from a Maryland news outlet, the emergence of online sports betting in the state has been a rousing success with little signs of slowing down. Per the Southern Maryland Chronicle, figures for March 2023 in the state suggest a positive outlook for the future of online wagering in Maryland. Moreover, the combined revenues for retail and online sportsbooks for the month created contributions to the state of $5.3 million. This was a record contribution since the unveiling of legal retail sports betting in December 2021 and online sports betting in November of the following year. While the numbers are not yet available for April, much has been written about initial gaming success in Maryland in this space, it would appear the good times will keep rolling on the east coast.
For this article, SBS will be going over the latest gaming news from the Old Line State along with more thoughts about Maryland sports betting.
Per the report in the Southern Maryland Chronicle, the figure from March “was a significant increase on the $2.7 million return for February.” As evidenced in the article, this is of course a positive indication for the future of online betting in the state. Moreover, the high level of contributions to the state from the sports industry in Maryland is excellent news for an industry that began with the launch of five retail sportsbooks. The gaming returns in Maryland have also been bolstered by the introduction of online sports betting, with seven mobile sportsbooks coming online in November 2022. As of this article’s writing, there are now eight mobile sportsbooks, as well as ten retail betting outlets.
As reported in the same article, the ability to wager on big events, like March Madness, for instance, using mobile betting is great news for the state’s non-profit sector. For example, the Blueprint for Maryland’s Future Fund is supported by the state’s return from betting. As readers of this space are aware, this fund supports public education programs in the state.
According to the report, despite the benefits to the state from its 15% tax returns from sports betting, including online sportsbooks, it “seems unlikely that online casinos will become legal in the state anytime soon.” On that note, a bill was introduced earlier this year, the “Internet Gaming Authorization and Implementation Act.” This bill asks voters in the state if they want to ballot the expansion of casino gaming online. However, the bill has been stuck with the Maryland Senate Budget and Taxation Committee where it was submitted in January. Since then, it has missed some key points in the legislative process, like “Crossover Day” which is important for passing new bills.
Given the lack of action on the “Internet Gaming Authorization and Implementation Act,” natives of Maryland will be limited to sports betting online for the foreseeable future. The article notes that an increased usage rate among Maryland citizens, the way it is set up now, would lead to an increased benefit to the state. However, it is far from certain whether online casino play will ever be legalized in Maryland in the way that online sports betting has been.
After you are all dialed in regarding the latest gaming news from Maryland, SBS has your back when it comes to a ton of other great resources to keep you rolling. For even more information related to the state at hand, our Maryland sports betting guide has your back with a variety of great news tidbits and notes. Moreover, if you are interested in supercharging your bets (like we all are), then the SBS best bonus betting sites breakdown is a fantastic page to peruse. Here you can find a catalog of the latest and greatest welcome bonus offers available. On a final note, if you are someone that is always on the go, then our best betting apps rundown is a must-read page that covers the perks of mobile betting.
About the Author
As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football and basketball across the country. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones. CURRENTLY Business Development and freelance sports writing RESIDES IN Reno, NV EDUCATION University of Nevada BS and MBA EXPERTISE -Sports writing proficiency in: NFL, NBA, UFC, boxing, golf, and some motor sports -Topical news -Promotional and marketing ideas/updates -Business development Summary Chris Boline serves in a business development sales capacity as his day job. He has previously held sales/marketing positions with The Applied Companies (TAC), KTVN 2 News and the NBA G League’s Reno Bighorns, affiliate of the Sacramento Kings. He is a Reno native and is a member of various community boards including the Nevada Sagebrush Alumni Chapter, NCET and the College of Business Alumni Association (COBAA). Chris graduated from the University of Nevada in 2015 with a bachelors in management and economics and also earned his MBA from Nevada in 2023. More about Chris: Past president of the College of Business Alumni Association (COBAA) 2022-23 Two-time honoree for University of Nevada Alumni Chapter of the Year (Nevada Sagebrush Alumni Chapter, 2017 & COBAA, 2021) 2021 NCET award for Professional Services Organization of the Year with TAC Northern Nevada Human Resources Association 2020 Best Places to Work-Northern Nevada, Second Place with TAC 2016-17 Reno Bighorns MVP from the Sacramento Kings The Nevada Sagebrush editor-in-chief 2013-15 Associated Collegiate Press 2015 Four-year Non-daily Newspaper Pacemaker honoree University of Nevada, Reno College of Business Dean's List honoree (5x) from 2011-2015 Nevada Press Association award for Best Sports Column – Community in 2015 Education
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