Maryland Regulators Award Online Sports Betting Licenses, Put Thanksgiving Launch in Reach
Maryland's Sports Wagering Application Review Commission (SWARC) approved the awarding of mobile sports wagering licenses to 10 companies. The commission bumped up its meeting date to accelerate the launch of online sports betting. Mobile will account for the bulk of the revenue from sports gambling in Maryland. Research firm Eilers & Krejcik forecast gross gaming revenue of $123.3 million in the first year of wagerering.
Maryland regulators approved 10 mobile gambling licenses on Wednesday. The operators can partner with a licensed operator to conduct that gambling. Some mobile licensees intend to act as licensed operators in the state.
Maryland Lottery and Gaming Control Agency awarded 10 online sports betting licenses on Wednesday. The commission is hoping to award additional licenses at its meeting set for December 14. Online sports gambling in Maryland is expected to launch in time for Thanksgiving. In-person sports gaming has already begun at several brick-and-mortar gaming facilities in the state. The SWARC received 21 applications for mobile sports bets licenses as of the filing deadline on October 21. It found 10 applicants qualified for online licenses and 10 mobile operators.
Maryland Regulators Award Online Sports Betting Licenses to Arundel Amusements, Bingo World, BetMGM, Crown MD Online Gaming LLC, DraftKings, Greenmount OTB LLC and Long Shot’s LLC are among the companies that received the licenses.
The Sports Wagering Application Review Commission will issue licenses for mobile sports betting in Maryland on Wednesday. The commission will conduct a controlled demonstration of the systems and procedures before issuing the licenses. After that, operators could begin taking bets in bulk. The launch of mobile betting may take place in time for Thanksgiving.
