Maryland is one of the latest states to formally legalize sports betting. Several land-based sportsbook licenses have already been awarded in the state. New reports have just surfaced claiming two more casinos in Maryland have just received permission to launch their own sportsbooks in the near future.
Sports fans here have been excited to see more betting options become available. Some major changes are set to take place within Maryland’s gambling industry over the next few years.
Here’s a look at which casinos will soon allow sports betting.
Two Casinos in Maryland Gain Permission to Offer Sports Betting
The US sports betting industry continues to expand rapidly. Maryland formally legalized sports betting earlier this year. Several delays have come up getting the state’s various sports gambling options up and running.
This week, news broke that two popular casinos gained permission to formally launch their own sportsbooks. Those casinos are the Ocean Downs Casino and Hollywood Casino. Both have large fan bases and have been working to receive a sportsbook license for months.
MGM National Harbor, Live! Casino & Hotel and Baltimore’s Horseshoe casino also have licenses to operate sportsbooks. Unfortunately, none of the state’s sportsbooks have gone live yet. This is due to the Maryland Lottery and Gaming Control Commission’s inability to formally give the green light. Governor Larry Hogan spoke to the media about this situation earlier this week.
“No one is pushing harder than I am to get sports betting up and running here in the State of Maryland,” Hogan said. “Our administration has now cleared five licenses for sports betting, implementing the referendum approved by voters and the law passed by the General Assembly.”
Still, it’s exciting to see more casinos in the state gain sports betting licenses. Once final approval is given, the state will likely see a huge surge of taxable sports betting revenue flowing in. Stay tuned for updates!
Casino Revenue in Maryland Continues to Impress
Much of the Northeastern United States has been working to expand its gambling industry over the past couple of years. That includes Maryland, which is now home to six different casinos. Some of these properties are owned and operated by the most profitable casino companies in the United States.
States around the country have recently released their revenue reports over the month of September. That includes Maryland. Many have been surprised to see how much money the gambling venues in this state managed to bring in.
Total gross gaming revenue came out to $165 million over September. This represents an impressive 15.1% increase when compared to September of 2020. MGM National Harbor managed to bring in the most revenue at $69,496,983.
Live! Casino & Hotel, home to 3,747 slot machines and 190 table games, brought in the second-most money at $56,496,012. Horseshoe Casino came next with $17,532,299.25. Nearly all of the casinos in the state managed to earn more revenue in September than they did the month prior.
Maryland’s casino industry is proving to be successful and sports betting options will soon launch here. We’ll be sure to offer more updates on this state’s gambling industry as the year goes on.
Florida’s Sports Betting Industry Could Launch Next Month
Maryland is not the only state to legalize sports betting, yet delay launching any sportsbooks. Florida is in a very similar situation. Unlike Maryland, however, this state’s delay came from several lawsuits filed by pari-mutuel companies operating in the state.
Governor DeSantis finally agreed to a compact with the Seminole Tribe this year to launch sports betting in the state in August. Under this agreement, the Seminoles will have permission to launch online sports betting statewide. Two pari-mutuel operators claim this is unconstitutional and will give the tribe a full monopoly on sports betting in the state.
Not long ago, a federal judge threw away the lawsuit directed at the Seminole Tribe. This didn’t resolve everything, though. An additional lawsuit was filed against the Department of Interior that has further delayed the launch of sports betting here.
This second lawsuit is expected to be resolved in November. Assuming the DOI wins, online sports betting will go live in the state. This means Florida residents could have access to regulated sports gambling options statewide within just a few weeks.
Are you excited to hear that more casinos in Maryland have gained permission to launch sports betting? When do you expect the first sportsbooks to go live here? Let us know in the comments section below.