Maryland’s Sports Betting Industry is Growing, Fast

Hollywood Casino Sportsbook Background Betting

Maryland is one of the many states to legalize and regulate sports betting in 2021. It seems that officials in the state are working hard to expand this form of gambling. New reports reveal that Maryland’s sports betting industry is already growing very quickly.

Many sportsbooks are already up and running here. More are set to launch in the coming months.

Here’s what you need to know!

Maryland’s Sports Betting Industry Continues to Expand

Sports betting has been growing more popular throughout the United States since the US Supreme Court decided to remove PASPA in 2018. A huge number of states have legal sportsbooks up and running. Lawmakers in Maryland decided to legalize sports betting in November of 2020 and the first sportsbooks have recently begun to go live here.

Many are now taking note of how quickly Maryland’s sports betting industry is growing. Many new sportsbooks have recently begun to operate. More casinos are just starting to receive permission to launch sportsbooks, too.

The Hollywood Casino in Perryville is the latest gambling venue in the state to launch sports betting. This casino sits just a few miles from the border with Delaware. It launched its first sportsbook after a two-day trial run overseen by officials within the Maryland Lottery.

Many are astounded to see how quickly Maryland’s sports betting industry is growing. This is now the fifth sportsbook to launch in the state. Sports betting revenue is expected to surpass $100 million annually. The sportsbooks here are taxed at 15%.

It’s an exciting time for sports fans in Maryland. 2022 is expected to be a big year for this state’s sports betting industry. Many other states are expected to launch their sportsbooks in the next few months.

More States Prepare to Launch Sportsbooks in 2022

Sports betting has never been more popular than it is right now. States around the country are earning a huge amount of tax revenue every month from their regulated sportsbooks. It now appears that several states are preparing to launch their first sportsbooks next year.

It now seems almost guaranteed that California will choose to legalize sports gambling next year. State officials have been negotiating with tribal groups in the state to launch sportsbooks. Expect to see a vote to legalize sports betting appearing on the ballots next November.

Some of the most anti-gambling states in the country are now showing interest in legalizing sports betting. That includes Texas and Georgia. Both states are against casino gambling, yet are beginning to take notice of the benefits of legal sportsbooks.

2022 is shaping up to be a massive year for the sports betting industry. Many states with sportsbooks already up and running are looking to expand their betting industries. That includes New York, which appears set to launch its first online sportsbooks in the next few months.

The US casino industry is expanding rapidly right now, too. Let’s take a quick look at some of the new casinos opening their doors next year.

New Casinos are Set to Open Their Doors Next Year

Sports betting is not the only form of gambling to gain major popularity over the past few years. Casino gambling exploded in popularity over 2021. Many states set new monthly casino revenue records this year and analysts expect this trend to continue in 2022.

Several exciting new casinos are expected to open their doors next year. That includes several in Las Vegas. Station Casinos has been working hard to expand in Las Vegas lately and hope is that it is able to open some of its properties currently under construction here before the end of next year.

Illinois approved a Capital Plan in 2019 allowing for six new casinos to open in the state, including one in Chicago. None have yet opened their doors. Many are hopeful to see at least one begin operating in 2022.

Several more states are looking to open new casinos next year. That includes Pennsylvania and New York. If all goes according to plan, 2022 will be the best year in history for the land-based casino industry.

Are you excited to see Maryland’s sports betting industry grow? Will sports betting bring in major revenue earnings here? Let us know in the comments section below.

Hollywood Casino Morgantown to Open on December 22nd

Hollywood Casino York

Penn National Gaming revealed on Monday that its new Hollywood Casino in Morgantown will open its doors to the public at noon of December 22nd, pending final approval.

Located near the intersections of The Pennsylvania Turnpike, Interstate 176 and Route 10 in the Caernarvon Township, the Hollywood Casino Morgantown is Penn Gaming’s fourth casino in Pennsylvania. However, it is the first in the Wyoming-based company’s ‘backyard’, as it is just right down the road from its corporate headquarters.

In a statement, Hollywood Casino Morgantown vice president and general manager Marc Guastella said:

“The countdown to our grand opening begins today. “We’re very excited to soon welcome patrons to this beautiful new property, where they’ll be able to experience premier gaming, dining and entertainment.”

Casino 4 License

The 80,000 square foot facility cost an estimated $111 million to build, including licensing fees. It is the owner of a ‘Category 4’ casino license and is what is commonly called a ‘mini-casino’ although it will most certainly not have a shortage of gaming options for its patrons.

Hollywood Casino Morgantown will house 750 slot machines and have 30 gaming tables, both of which are the maximum allowed for such offerings for a ‘mini-casino’. The Morgantown casino will use the C3 technology that the other Hollywood casinos have. This technology enables customers to transact using their mobile phones, thus allowing cashless or cardless wagering. According to Schippers, this is especially important in the post-COVID-19 scenario.

It will also have a physical Barstool Sportsbook for sports betting. The sportsbook will also function as a restaurant and entertainment venue. It will have a 150-seat dining area and will be equipped with a ‘Jumbotron’ monitor plus TV sets all over the area so sports bettors can watch all the action. The casino also partnered with Philadelphia’s renowned Tony Luke’s Cheesesteaks and Sandwiches and Red Lotus Asian Kitchen to provide the facility with quality dining options.

Donations to Local Charitable Institutions

To celebrate its launch, Hollywood Casino Morgantown will holding a two-day invitation-only test period where the proceeds will be donated to local charitable institutions.

According to Penn National Gaming SVP of public affairs Eric Schippers, the donations will be made to community partners such as the United Way of Berks County, Honey Brook Food Pantry, and the Jarrett Yoder Foundation, which benefits community heroes and their families, including active military personnel, veterans, firefighters, first responders, and the police.

Penn National Gaming says that the initial donation is just the start of what it hopes will be a long-standing relationship with the community. Schippers says that his company is committed to being actively engaged in the community by partnering with various local groups to assist those in need.

Hollywood Casino Gets Clearance for Sports Betting License

Maryland Lottery And Gaming Sports Betting Background
Hollywood Casino in Chesapeake Overlook Parkway was one of two Maryland casinos recently given clearance by the Maryland Lottery and Gaming Control Commission to operate sports betting in the state.

The Perryville casino joined Oceans Down Casino in Berlin, Maryland as the latest of the 17 designated sports betting operators to have their application forwarded to the Sports Wagering Application Review Commission. Previously, the Maryland Lottery and Gaming Control Commission already gave the go signal to MGM National Harbor, Live! Casino & Hotel, and Baltimore’s Horseshoe Casino.

Said Maryland Lottery and Gaming Director John Martin:

“We’ve approved five facilities, and our work is ongoing. We’ll continue sending applications to the SWARC so that it can make awards and sports wagering can launch by late fall. It’s what the public wants and expects, and we’re doing everything we can to deliver it.”

All Designated Sports Betting Operators are Reviewed by MLGCC

The casinos and sports betting companies who are designated to operate sports betting in the state are being reviewed by the Maryland Lottery andGaming Control Commission to ensure that licenses are current and internal controls are established. Maryland voters approved legal sports betting during a ballot initiative in 2020. Gov Hogan signed the bill into a law last May.

Hollywood Casino was among the 17 pre-qualified entities to operate legal Maryland sports betting because it already holds a gaming license in the state. The Perryville casino has already named Barstool Sports as its sports betting skin.

SWARC October 14 Meeting Was Cancelled

Last August, the SWARC unanimously voted that the Maryland Lottery and Gaming’s recommendations would be sufficient to for awarding the licenses. Under the state’s sports betting law, the SWARC has the authority to award as many as 30 sports betting licenses.

The SWARC was expected to approve the first set of licenses during their October 14th meeting. However, that meeting was cancelled and the Commission has not announced a new date for its next meetings. However, the state said that the applications and processes are being expedited so that sports betting could launch in time for residents to place bets on the Super Bowl and March Madness.

Meadows Casino to be Rebranded as Hollywood Casino in The Meadows

Hollywood Casino York

Meadows Casino is getting a new name on October 15.

The Washington, Pennsylvania Casino will be renamed to Hollywood Casino at the Meadows beginning Friday. Hollywood Casino is the flagship for Penn National Gaming Inc. which took over the gambling property in 2019. The race track, which opened in 1963, will retain its old name.

Said Rahul Kaushik, Vice-President for Marketing of Meadows Casino:

“This is more than a name change. It has been a journey since 2019. This is a key milestone in the transition to our re-branding. Hollywood Casino is the flagship brand of Penn National.”

Hollywood Celebrations

To welcome the rebranding, a series of Hollywood celebrations have been lined up for this weekend. Kicking things off on October 15 will be a Pink Out and Family Fun Night from 4 pm to 7 pm. Activities include live harness racing, puppy races, a silent auction, food trucks and special beverages.From 5:30 to 8:00 pm on the casino floor, $100,000 worth of prizes will be given away, including the grand prize of a Mercedes Benz car.

The celebrations will continue on October 16th from 2pm to 7pm on the outdoor racetrack. These include live local entertainment, food trucks, and raffle prizes drawing every hour. A fireworks display will conclude the festivities at around 7:15 pm.

New Amenities

Aside from the celebrations, the rebranded Hollywood Casino will have new amenities to offer its customers. A sportsbook will be added to cater to customers who want to bet on sports events. The H Lounge will be an entertainment venue and a great place to watch live games as well.

The casino floor will also be upgraded, the layout modernized, and new slot machines will also be added. Another transition is the shift from the food court to The Eatery by Fabio Viviani which will have four different restaurants: The Mercato, The Classic, Joe & Dough, and Zen Noodle.

Penn National Acquires Operations of Hollywood Casino in Perryville

Penn National Gaming
Penn National announced on Tuesday that it has reached an agreement with Gaming and Leisure Properties Inc. to acquire the operations of the Hollywood Casino in Perryville for $31.1M.

The regional casino operator will pay for the transaction in cash and it will also lease the property from GLPI for $7.77M per year. The deal is expected to be completed in the middle of 2021 but pending the approval of the Maryland Lottery and Gaming Commission. Once consummated, Penn National will have operations in 20 states throughout the United States.

Said Penn National President and CEO Jay Snowden:

“With the recent approval of sports betting through the overwhelming passage of Question 2 on Election Day, Maryland is expected to soon become a significant retail and mobile sports betting market.”

Maryland Legal Sports Betting

During last month’s elections, Maryland voters favored legal sports betting in the state by a margin of about 2 to 1. The vote enabled the Old Line State to join neighbors Delaware, Pennsylvania, West Virginia, and the District of Columbia as states which have legalized sports betting since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act.

With the people’s approval, the onus is now with Maryland’s General Assembly to develop and approve the structure for Maryland legal sports betting. The structure would outline among others which businesses can apply for a license, how and where fans could place bets, and how the revenues would be shared between the state and operator. Once the rules are finalized and legislation is enabled, state analysts expect Maryland legal sports betting to generate an annual revenue of $18.2M for the state for both in-person and online sports betting if operations are taxed at 20%.

Part of April Deal with GLPI

The Perryville Hollywood Casino was actually developed by Penn Gaming in 2010. GLPI assumed ownership of the Perryville property in 2013 when Penn National split its casino operations from its real estate business. Last April, Penn struck a deal with GLPI to sell Tropicana Las Vegas for $305.7M in rent credits. The agreement allowed Penn to retain operations of the Strip resort and it was given the right to acquire Hollywood Casino in Perryville.

Penn operates 41 properties in 19 states while offering retail and online gaming, live racing, and sports betting entertainment. Its casinos and hotels have an aggregate 50,000 gaming machines, 1,300 table games, and 8,800 hotel rooms operating under brands such as Ameristar, L’Auberge, and Hollywood.

Hollywood Casino To Change Its Name to Casino Rogue

Louisiana State Flag With a Casino Background
Hollywood Casino will be renamed as Casino Rogue after the completion of its new casino building on land in 2022.

The East Baton Rogue Parish Planning Council will consider site plans in a meeting on Monday. If all goes well according to plan, construction will begin in early 2021 with 166 construction jobs created and a labor spend of $10M.

$25M Expansion

To move the Louisiana casino to land, the owners of Hollywood Casino are embarking on a $21-$25M expansion to its dockside facility while turning the valet parking to an indoor gaming space. The riverboat casino’s 859 slot machines and 12 table games will move into the new 100,000-square-foot-casino.

The expansion plans include the addition of a sports bar and a 250-seat entertainment venue as well as a Shaquille O’Neal Big Chicken Restaurant. The NBA Hall of Famer played college ball at LSU in Baton Rogue. Since East Baton Rogue voters already approved sports betting last month, Hollywood Casino is expected to take advantage by establishing a sports betting shop in the sports viewing area and bar.

Plans To Move To Land

Gaming and Leisure Properties, Inc., the owners of Hollywood Casino based in Wyomissing, Pennsylvania, have been planning to move Hollywood Casino to land since 2018. That year, Gov. John Bel Edwards signed a bill that allowed the state’s 15 casinos to move to land, with the catch that the land-based venues must be conducted within 1,200 feet of the original docking site.

For the fiscal year ending last June 2020, the Louisiana casino had an adjusted gross revenue of $43.1M. The amount is much lower than the $55.1M it brought in over the same period in 2019 with this year’s figures taking a hit due to the pandemic. For the month of October 2020, it generated $4.1M which is slightly lower than the $4.3M it picked up in October 2019.