[Lawmakers] seem to have worked a pretty good agreement to make most stakeholders somewhat acceptable to the bill,” Hogan said yesterday. “I can’t really say exactly without reading it, but I’m pretty sure we’ll be able to act on that one pretty quickly.”<\/p><\/blockquote>\n
Mobile permits will cost $500,000, payable to the state. Casinos, horse racetracks, and stadiums will pay $250,000 for their Class A sports betting permits, and the Class B rights for other businesses run $50,000.\u00a0<\/span><\/p>\nAnnual renewals cost $100,000 for mobile, $50,000 for Class A, and $10,000 for Class B.\u00a0<\/span><\/p>\nEducation Benefits<\/b><\/h2>\n
Hogan has long championed using casino tax revenue to support public K-12 education. HB940 carries on that tradition. State fiscal analysis for the sports betting bill projects between $15 million and $19 million annually will be generated for the Education Trust Fund.\u00a0<\/span><\/p>\nBetMGM, William Hill, Barstool Sportsbook, and TwinSpires Sports all have easy access into Maryland. The four online sportsbook operators are fully or partially owned by the parent companies of MGM National Harbor in Oxon Hill, Horseshoe Baltimore, Hollywood Casino Perryville, and Ocean Downs in Berlin.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Maryland sports betting could become operational as early as this fall. That’s after state lawmakers finally came to terms on how to regulate the expanded gambling. With just hours before the General Assembly was set to adjourn, the Maryland Senate made sweeping changes to House Bill 940 and passed the overhauled sports betting statute unanimously, […]<\/p>\n","protected":false},"author":25,"featured_media":170363,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
Maryland Sports Betting Bill Passes General Assembly at Deadline<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n