Online Sports Betting In Maine Officially Launches Today
Maine residents can now officially partake in online sports betting as the market launches. Two online sportsbooks are now live in Maine, with Caesars Sportsbook and DraftKings. The apps are downloadable, and bettors can join these popular operators and begin wagering. Welcome to the sports betting world, Maine.
Maine Sports Betting Now Live
This launch comes after months of regulation. The two popular sportsbooks have partnered with tribes in order to gain market access. Caesars Sportsbook partnered with the Maliseets, Mi’kmaqs, and Penobscots tribes. DraftKings curated a deal with the Passamaquoddy Tribe to launch its sportsbook.
DraftKings also announced plans to donate $100,000 to the Lewiston-Auburn Area Response Fund to support those affected by the tragic Lewiston events on Oct. 25.
“Building a relationship with the Passamaquoddy Tribe is a fantastic opportunity for DraftKings as we look to bring customers in the state of Maine safe and legal sports betting,” said Jason Robins, Chief Executive Officer and co-founder of DraftKings. “We look forward to our continued collaboration with the Maine Gambling Control Unit as we become the official mobile sports betting provider of the Passamaquoddy Tribe and launch in our industry-leading 25th state.”
DraftKings and Caesars Sportsbook will be the two active operators in Maine. Locals will be able to wager on both of these sportsbooks from anywhere in the Pine Tree State. The first wager placed at Caesars Sportsbook was $20 on the Duke Blue Devils +1200 odds to win the 2024 NCAA Men’s Basketball Tournament.
Tribes Benefit Greatly From Launch
Sports betting regulations grant local tribes major authority in the market. An estimated 85% of the Maine sports betting market will be controlled by the tribe. Tribes will claim up to 40% of the adjusted gross revenue sharing from online sports betting.
This revenue-sharing plan was criticized by operators during the regulatory phase. Several operators left a total of 581 comments in an attempt to convince lawmakers to reconsider the tax rate. Maine legislators went forward with their plan. Since the inception of sports betting, Maine Gov. Janet Mills made it a point that the bill must stand to benefit the tribes first and foremost.
Gov. Mills famously vetoed a previous sports betting bill back in 2020, showing how stern she can be on sports betting.
All the legal proceedings are complete, and Maine is now open for online sports betting. Bettors can begin getting in on the action today.
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