\u00a0<\/span><\/p>\n<\/div>\nCasinos with fewer than 1,000 slots, plus the Laurel Park and Pimlico horse racetracks, qualify for Class A-2 licenses. They cost $1 million upfront with a $3 million bond.\u00a0<\/span><\/p>\nClass B-1 licenses are set aside for the Maryland State Fairgrounds, and any commercial bingo center that is able to pony up a $250,000 licensing fee and post a $750,000 bond.\u00a0<\/span><\/p>\nClass B-2 permits are available for small businesses that have at least 25 full-time employees or $3 million in annual gross sales. Such licenses cost $50,000, plus a $75,000 bond.\u00a0<\/span><\/p>\nFinally, mobile licensees can partner with any of the above permit holders, but at a steep cost. Fully online sportsbooks must pay $500,000 to the state, and present a $1.5 million bond.\u00a0<\/span><\/strong><\/p>\nEach license is good for three years. Renewal prices will be set at one percent of the licensee’s average sports betting gross gaming revenue incurred over the previous 36 months.\u00a0<\/span><\/p>\nPublic Comment Period<\/b><\/h2>\n
The Maryland Lottery and Gaming Control Commission says a 30-day public comment period will initiate once the sports betting regulations are published in the Maryland Register. The agency explains that it will confirm the exact comment period dates once confirmed.<\/p>\n
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One area of possible contention is that Maryland lawmakers sought to allow mom and pop shops to participate in sports betting. But at $50,000 upfront, and a $75,000 bond guarantee, those Class B-2 costs might turn away many small, locally-owned businesses.\u00a0<\/span><\/p>\n<\/div>\nSuch small businesses would partner with third-party contractors, such as DraftKings, to install self-service kiosks inside their establishments.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Maryland sports betting licensing fees and associated taxes were proposed today by the Maryland Lottery and Gaming Control Commission. Maryland Gov. Larry Hogan (R) signed House Bill 940 — a measure to legalize and regulate sports betting — in May. The shell bill tasked the state lottery and casino regulatory commission to develop specific rules, […]<\/p>\n","protected":false},"author":25,"featured_media":179861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13592,1074],"tags":[],"acf":[],"yoast_head":"\n
Maryland Sports Betting Regulatory Draft Released<\/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