Sports Betting in Maryland 2021
Sports betting is legal in Maryland and throughout the DMV, which is Washington DC, Virginia, and Maryland. Maryland sports betting has still not launched, which has caused bettors in the state to venture to DC and VA. This will not be the case for long as sports betting is expected to launch in the next few months.
Maryland’s goal for sports betting is to launch by week one of the NFL season, which is a realistic possibility. Every state that recently passed sports betting legislation has this goal to take advantage of the profits that come from football season.
Maryland is home to the Baltimore Ravens in the NFL, who are always contenders in the National Football League. Maryland and the remainder of the DMV is a professional and collegiate sports hotbed, so the Maryland betting market is expected to be vast when it goes live.
OffShore Bookies Available in Maryland
Offshore sports betting is still being utilized in Maryland. An offshore sportsbook collects bets outside of the United States. These sportsbooks were a primary reason that wagering was legalized in the United States. The offshore sites were collecting money in bets, which was causing the state to lose tax revenue.
Offshore sportsbooks are still in use throughout the United States. This is especially true in Maryland because legal betting has not gone live. However, when sports betting goes live, offshore sportsbooks should disappear in the state. There are no reasons to use offshore sportsbooks when legal sports betting is available.
Many Maryland legislators have been a proponent of sports betting since PASPA was repealed in 2018. The state wanted to be one of the first states to pass wagering after the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA).
The initial bill proposed in 2018 following PASPA’s unconstitutional ruling did not gain enough traction in the Maryland legislature. Yet, the sports betting conversation began in the state, which was critical for sports betting moving forward.
Failed to Pass Bill Without Residential Vote
In 2019, Maryland tried to pass a sports betting bill without a residential vote. In 2007, Maryland voters approved a measure that required all commercial gambling expansions to be voted on by residents, so this was not an easy task for the legislature.
The state lottery was excluded from the requirement, so lawmakers tried to launch sports betting at lotto retailers and racetracks. The casinos in the state were banned, and leaders of these properties were not happy. This forced Maryland’s Attorney General Brian Frosh to demand that sports betting required voter approval before any law was passed.
In November 2020, voters ultimately approved sports betting in the state. Legislators came together and proposed a bill to voters that was an easy decision for residents. The regulations still had to be established by the legislature following the residential vote.
Sports Betting Finally Approved in Maryland
There were many disagreements in the House over sports betting, which did not allow lawmakers to sign a bill during the 2020 legislative session. The Senate unanimously passed sports wagering, but the House did not like some of the operation details.
Sports betting was legal in Maryland, but it took the legislature until 2021 to set the standards for sports betting through HB 940. The Maryland sports betting bill approved created a two-tiered license model.
Class A licenses are for casinos and large businesses like professional sports teams. Class B permits are for smaller businesses throughout the state. The model gives nearly all companies a chance to get involved in the sports betting industry.
HB 940 created one of the most competitive sports betting markets in the United States. There will be ten Class A licenses and 30 Class B licenses. All license holders can apply for mobile sports betting, so there could be up to 40 mobile betting providers in the state.
Online Gambling to be Revisited by 2025
Online gambling in Maryland will be revisited in 2025 by the legislature to determine if more licenses need to be added. Maryland is a heavily populated state considering its size, but it will be one of the largest sports betting markets as the industry develops because of the regulations.
With many licenses available, the top sportsbooks throughout the nation are expected to launch in the state. BetMGM has already inked a deal with the Ravens to be their official betting platform.
Additionally, DraftKings and FanDuel have lobbied the legislature throughout the legislative process. These books are also expected to go live in the state during football season. Residents should be very excited about MD sports betting online because it will be a substantial market in the United States.
Five Reasons to Bet on Sports in Maryland
Maryland could be one of the best wagering markets in the nation. There are numerous reasons that you should take part in Maryland gambling through your phone and at retail locations throughout the state. Here are five reasons to bet on sports in Maryland.
In Maryland, there are going to be tons of sports betting providers. This is bad for small betting platforms because they must compete against conglomerates like DraftKings and FanDuel. Although, the central market is fantastic for bettors because it gives people a lot of options.
Bonuses are a significant reason people choose sportsbooks, and there will be plenty of promotions available through Maryland sports betting. You will be awarded matches and risk-free bets up to $1,000 in the state.
Nobody has ever lost wagering house money. The Maryland market gives you the ability to play with house money all the time.
BetUS offers a generous bonus for new customers. Bovada offers a sign-up bonus and it gets even better if your first deposit is made with your preferred cryptocurrency.
Bonus money is great, but you will have to risk your own funds at some point while wagering in Maryland. With numerous sports betting providers, you can line shop to find the best odds. Line shopping is easy for offshore sportsbooks because there are so many sites online.
Some legal betting states only have a few providers. In Maryland, this will not be an issue for residents throughout the state. You will have the ability to line shop and find the best bets for the day. Line shopping helps you win big on sports, so take advantage of this in Maryland.
The sports betting environment in Maryland is fantastic with the Baltimore Orioles (MLB) and Baltimore Ravens (NFL). Having professional sports teams to wager in the state is an excellent thing for bettors. There is nothing like winning a wager on a hometown team. When you do this in Maryland, you will be hooked.
The professional sports teams will have a deal with sportsbooks. The Ravens have already partnered with BetMGM. These sportsbooks will run special bonuses for hometown teams which adds an additional element to Maryland sports betting.
The books that will operate in Maryland will have an excellent reputation. There will be a ton of sites, so you will have to do your wagering research. Although, it will be tough to go wrong betting on the significant sites in Maryland like DraftKings, FanDuel, BetMGM, Pointsbet, etc.
All these sites have an excellent reputation, and they are safe. You will never have to worry about personal or financial data being stolen. All these sites have stringent security measures, which adds to their terrific reputation. The wagering experience is first-class with all these sites.
Offshore sportsbooks like Bovada, BetOnline, and MyBookie also have a great history and reputation. They are safe, fast and offer several deposit and withdrawal methods.
If you have technical problems in Maryland on your sportsbook, they will be solved quickly. Depending on the sportsbook you are utilizing, you will have access to multiple customer service options.
Most sites have a loaded FAQ page where you will find answers to all your questions. If you would like to speak to a real person, there are phone and text lines that you can contact. The best sportsbooks utilize a live chat feature where all issues are solved immediately.
Problems should be rare in Maryland sports betting because of the superiority of the books. Nevertheless, you will be given a quick answer to any issues you encounter, reducing frustration and allowing you to focus on betting.