Maryland sports betting was approved in November 2020, and Gov. Larry Hogan signed it into law 18 months later. But potential mobile sports bettors have yet to reap the benefits. Below, you’ll find more details about when sports betting in MD is expected to take the next step.
Free Pick’Em Contests! Compete for prizes every day by entering our free betting games. NBA, MLB, golf and more!
Mobile Sports Betting Anticipated For NFL Season?
Although Maryland sports betting initially launched at five retail sportsbooks in December 2021 — highlighted by MGM National Harbor — there’s been a lengthy delay before bettors can wager via mobile sportsbooks among other online avenues. According to Legal Sports Report, the Maryland Sports Wagering Application Review Committee has failed to make much progress as it relates to kicking off by the start of the 2022 NFL campaign.
“I’m skeptical Maryland launches mobile in ’22,” Caesars CEO Tom Reeg noted on an earnings call on May 3. “If and when mobile launches, you should expect us to be competitive there as well.”
Sports betting licenses are reportedly the biggest hold up in the process, which is the most notable aspect for any state attempting to establish sports betting. Apparently, sports betting entities are undergoing a learning curve during the application procedure. An educational summit, in which gambling experts conveyed the costs of operating a sportsbook, was held within Baltimore in early May.
Unfortunately, sources also told Legal Sports Report that it’s unlikely mobile sports betting will be established by Super Bowl LVII.
Tax Revenue Goals Falling Short Without Mobile Sports Betting
In Dec. 2021, Hogan expressed the importance of Maryland sports betting towards the state’s tax revenue. Per the Maryland lottery and Gambling Control Commission, the state’s retail betting totaled over $31 million in March, a popular time to bet amid March Madness, aiding the use of tax money for public education.
“Today marks the culmination of more than a year of effort to get sports betting up and running here in the State of Maryland,” Hogan stated at that juncture. “In addition to allowing Marylanders to bet on football, basketball, and more, sports betting will also help to keep more dollars in-state and will provide another critical revenue source for public education without raising taxes on families and small businesses.”
Staying in the northeast, New York has experienced a more sizable boost, accruing over $267 million in tax revenue since it launched in January. To boil it down, that figured was reached within a five-month span. Some states with both retail and online sports betting haven’t come close to touching that number over a handful of years.
Even though Maryland is without the latter department for the foreseeable future, its retail sports betting tax revenue hasn’t reached expectations. From December 2021 through March 2022, the state notched $1.83 million in sports betting taxes. Nevertheless, the annual projection was roughly $15 million.
Mobile sports betting would certainly carry its weight if in-state residents could wager on the Baltimore Ravens or Washington Commanders this coming season, but as previously stated, that doesn’t seem to be in the cards.