Maryland has quickly become a significant player in the U.S. sports betting market since launching in 2022. With both retail and online betting options available, the state offers residents and visitors a comprehensive and accessible wagering experience.
Key Points at a Glance
- Launch Date: November 2022
- Legal Betting Age: 21+
- Who Oversees It: Maryland Lottery and Gaming Control Commission (MLGCC)
- Where to Bet: Online sportsbooks, mobile apps, and retail sportsbooks
- Number of Operators: 10+ licensed sportsbooks
- Tax Rate: 15% on sportsbook revenue
A Brief History of Sports Betting in Maryland
Maryland voters approved sports betting in November 2020 through a statewide ballot initiative. Launching sports betting involved careful regulatory development, and retail betting officially went live in December 2021. Online sportsbooks followed in November 2022, significantly expanding access for bettors.
The Maryland Lottery and Gaming Control Commission (MLGCC) oversees sports betting operations, ensuring fairness, compliance, and consumer protections across the state.
Where Can You Bet on Sports in Maryland?
Maryland offers several options for sports betting, including:
- Online Sportsbooks: Bettors in Maryland have access to popular online platforms such as:
- DraftKings
- FanDuel
- BetMGM
- Caesars Sportsbook
- PointsBet
- Mobile Betting Apps: Mobile apps provide bettors with on-the-go convenience, including live betting and cash-out options.
- Retail Sportsbooks: In-person betting is available at casinos, stadiums, and racetracks across Maryland. Popular retail locations include:
- MGM National Harbor (Oxon Hill)
- Live! Casino & Hotel (Hanover)
- Horseshoe Casino (Baltimore)
Sports Betting Rules and Restrictions
Maryland’s sports betting laws are designed to ensure a responsible and competitive market:
- Legal Age: Bettors must be 21 years or older to place a wager.
- College Betting: Betting on college sports is permitted, including wagers on in-state teams.
- Location Verification: Bettors must be physically located within Maryland state lines to place online or mobile bets.
- Prohibited Betting Types: Betting on high school sports and non-sporting events is prohibited.
Taxes and Revenue
Maryland imposes a 15% tax rate on sportsbook revenue. The revenue generated from sports betting is primarily allocated to the Blueprint for Maryland’s Future Fund, supporting education initiatives throughout the state.
The launch of online betting has significantly boosted tax revenue, helping Maryland reach its goals for educational funding and other state programs.
The Future of Sports Betting in Maryland
Maryland’s sports betting market continues to grow as more operators enter the state and bettors take advantage of competitive platforms. The state’s strong regulatory framework and focus on consumer protection ensure a safe and fair betting environment.
As technology evolves, Maryland is expected to benefit from innovations such as live betting, advanced mobile app features, and expanded wagering options, further enhancing the sports betting experience.
How to Start Betting on Sports in Maryland
- Choose a Licensed Sportsbook: Select a trusted operator like DraftKings, FanDuel, or Caesars Sportsbook.
- Register and Verify: Sign up through a mobile app or website, verifying your identity and location.
- Deposit Funds: Add money to your account using a secure payment method.
- Place Your Bet: Browse available sports and markets, select your wager, and confirm your bet.
- Withdraw Winnings: Securely cash out your winnings using approved payment options.
Conclusion
Maryland’s sports betting market has quickly established itself as a leader in the industry, offering bettors a wide range of options through online platforms, mobile apps, and retail sportsbooks. With tax revenue supporting education and state programs, Maryland’s approach creates economic benefits and a robust betting experience for residents and visitors alike.
As the market matures, Maryland is poised to remain a key player in the expanding U.S.