The long process of sports betting legalization in the State of Maryland is almost over. The bill passed both State Houses and was signed by the governor. Still, some more time is required before it is fully implemented and citizens can legally bet on sports. Hopefully, everything will be ready before the start of the 2021 NFL season.
On the other hand, citizens of Maryland have for some years already been able to completely legally bet on fantasy sports.
A bill that legalizes sports betting in Maryland has finally passed both the State House and State Senate. In April 2021, both houses voted to adopt the bill, which finally sets the rules for legal betting in the state. The bill allows for 30 retail licenses to be handed out, as well as for 60 online sportsbooks to be licensed. This is a huge number that surpassed any other legalization process we saw in the US so far.
Also, a license fee is established: $50,000 for minor retail operators, and $250,000 for the major ones. Additionally, the annual charge for major operators is another $50,000, and for the minor ones $10,000. On the other hand, online sportsbooks will be charged $500,000 to apply and receive an annual fee of $100,000.
Click here to read the rest of the article written by Bill Gordon over at Maryland Reporter
