Maryland has been through ups and downs when it comes to legalizing sports betting.
Last November, a ballot was held where voters gave the go by a 2-1 margin.
Since then, lawmakers have been working on the rules that will regulate the state gambling market.
As a result of the lawmakers’ work, House Bill 940 was created and is already awaiting approval from the Senate.
But the authorities must move fast if they want to have legal sports betting for this year. For this reason, the month of April is critical for the future of the betting market.
The current state
House Bill 940 was unanimously approved by the Senate Budget and Taxation Committee.
As a result of this approval, things are looking a bit positive for the House Bill to pass.
The state authorities are targeting the start of the NFL season to launch legal bets in the state.
For Craig Zucker, Senator of Maryland, legal bets have to be approved this year to take advantage of the full potential that the market presents.
If Senator Zucker’s plans are concrete, regulators and operators would have less than six months to prepare everything to launch sports betting in the state.
What does House Bill 940 contain?
House Bill 940 contemplates issuing 37 legal sports betting licenses, including 12 Class A licenses for casinos, horse tracks, and stadiums, 10 Class B licenses for local businesses, and 15 mobile sports betting licenses.
The state authorities want to create a betting market where operators of all sizes have a chance.
In this regard, Senator Zucker said, “We wanted to make sure everyone had an opportunity to have skin in the game, and have an opportunity to not only be part of this but to grow, especially when it comes to a small minority- and women-owned businesses. .”
A race against the clock
Maryland’s authorities face a race against the clock.
Moreover, even though House Bill 940 will be approved in the next few days. The 6-month period for regulators and operators to have everything ready to serve gamblers in the state is very short.
As a result, it is likely that even if the state may launch legal sports betting by the start of the NFL season, they will not be able to do so 100%.
This creates an excellent opportunity for Pay Per Head Bookies as Maryland gamblers will be demanding 100% functional betting services with extensive betting catalogs.
Pay Per Head bookies should not miss out on this opportunity and should start promoting their betting businesses to the Marylanders.
