{"id":292930,"date":"2023-10-09T12:37:06","date_gmt":"2023-10-09T17:37:06","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=292930"},"modified":"2023-10-09T13:20:47","modified_gmt":"2023-10-09T18:20:47","slug":"maryland-adds-13th-retail-sportsbook-lawmaker-criticizes-coverage","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/maryland-adds-13th-retail-sportsbook-lawmaker-criticizes-coverage\/","title":{"rendered":"Maryland Adds 13th Retail Sportsbook, Lawmaker Criticizes Coverage"},"content":{"rendered":"

Maryland has added a 13th<\/sup>\u00a0retail sportsbook and a 14th<\/sup>\u00a0is awaiting approval.<\/p>\n

\"\"
The Maryland legislature is tweaking some of its regulations regarding sportsbooks in the state. (Image: Baltimore Sun)<\/figcaption><\/figure>\n

It comes as sports betting is expected to increase in the fall. But the additions also follow criticism from a Maryland state lawmaker of how the sports betting law is being implemented.\u00a0 As reported in Casino.org<\/em>, delegate Jason Buckel (R-Allegany) says sports betting is not serving the state population adequately<\/a>.<\/p>\n

Buckel says the physical sports betting locations are mostly in cities and more populated areas, leaving other areas underserved.<\/p>\n

It remains to be seen if the new retail sportsbooks will address the lawmaker\u2019s concerns.<\/p>\n

The latest location by Green Turtle opened in Towson. The chain sports bar and grill has five other spots in Maryland and has a presence in six states and Washington, D.C.<\/p>\n

Six businesses in total applied last year for competitive licenses, three have yet to receive approvals.<\/p>\n

Maryland\u2019s wagering<\/a> law designated 17 businesses for retail licenses. So far, 10 are open for bets.<\/p>\n

Just last week, the Maryland Lottery and Gaming Control Agency recommended that MSF Sports, a subsidiary of the Maryland State Fair and Agriculture Society, which oversees the annual state fair, be approved for a retail sportsbook license.<\/p>\n

The commission is scheduled to meet on October 18th<\/sup>.<\/p>\n

Sport Betting Numbers in Focus<\/h2>\n

During Maryland\u2019s first full year of legalized sports betting in 2022, September brought the biggest revenue numbers, bolstered by college and professional football. Attention will be focused on those September 2023 numbers when the Maryland Lottery and Gaming Control Agency meets on October 10th<\/sup>.<\/a><\/p>\n

Sportsbooks are required to contribute 15% of their taxable win to the Blueprint for Maryland\u2019s Future Fund.<\/p>\n

That fund plan has lofty goals to transform public education systems with increasing annual funding for public schools by $3.8 billion over a decade.<\/p>\n

Mobile apps account for the vast majority of sports wagering across the state. App betting accounted for almost 95% of the $238.8 million in total wagers in August.<\/p>\n

Nearly 82% of the state\u2019s sports wagering revenue came from mobile bets.<\/p>\n

Betting Handle Increases in August<\/h2>\n

August was fairly hot for sports betting, as the handle reached $263.7 million. That\u2019s a 6.5% increase over the previous month.<\/p>\n

The Maryland Lottery and Gaming Control Commission\u2019s numbers show FanDuel Sportsbook in the top spot, with $104.1 million in online handle. DraftKings accepted $91.9 million. That\u2019s roughly 37% of all betting dollars wagered through the state\u2019s betting apps that month. Fanatics launched in June and is increasing its monthly handle, hitting $6.7 million.<\/p>\n

Maryland\u00a0sportsbooks combined for $17 million in August revenue as the state collected $2.6 million in taxes.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Maryland legislature is tweaking some regulations regarding the state’s sportsbooks.<\/p>\n","protected":false},"author":98,"featured_media":293190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"yoast_head":"\nMaryland Adds 13th Retail Sportsbook, Lawmaker Criticizes Coverage - Casino.org<\/title>\n<meta name=\"description\" content=\"The Maryland legislature is tweaking some regulations regarding the state's sportsbooks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/maryland-adds-13th-retail-sportsbook-lawmaker-criticizes-coverage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maryland Adds 13th Retail Sportsbook, Lawmaker Criticizes Coverage - 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