When you sign-up through links on our site, we may earn an affiliate commission. Learn more >

Maryland Sports Betting Bill Moves Further Toward Goal Line

Written by: Larry Gibbs
Updated October 14, 2022
10 min read
Maryland Sports Betting Bill
  • Maryland achieved success moving forward amending their existing sports wagering bill
  • HB 940 includes key provisions for minority-owned businesses & for women in the state
  • Positive forecast with legislative cooperation for MD sports betting to begin early 2022 

Surrounded by bordering states experiencing sports wagering success in their initial phase, Maryland legislators have been further motivated toward acting.

The House Ways & Means Committee approved a sports betting bill last Friday that backers say would clear the way for more minority and female entrepreneurs to getting a foothold into the sports wagering sector.

The measure, House Bill 940, contains the important backing of House Speaker Adrienne A. Jones (D-Baltimore County). A workgroup has been meeting regularly to discuss the issue and consider amendments with those amendments and the bill itself passing unanimously.

HB 940 Details

The expanded bill includes an additional 12 proposed licenses for casinos, major sports teams, and mobile apps. This increases the number of potential licenses from 25 to 37. Mobile sports apps could vie for 15 licenses, with 12 licenses targeted for casinos, professional sports teams, the Maryland State Fairgrounds, among others. Also, under the proposal, 10 licenses would be available for wagering sites not specifically tied to racing or casinos.

HB 940 is required to legalize sports betting in the Old Line State after Maryland voters approved legalization efforts last November. All wagering sites would enter the Maryland sports wagering market for the first time, which would be responsible to legalize, implement and regulate sports wagering and all fantasy sports betting in the state.

Provisions within HB 940 also allow for locally owned businesses and minority-owned businesses. Delegate Daryl Barnes (D-Prince George), head of the Legislative Black Caucus and member of the Ways & Means panel made comment on the issue:

Nowhere in the union has a sports bill been put together like we are doing here in the state of Maryland, which gives greater opportunity for minorities to participate.

Payoffs for New Sports Betting Bill

Supporters of the bill are targeting approximately $20 million per year by taxing a portion of the proceeds from sports gambling companies, making a modest contribution to funding for public education.

A note attached to HB 940 reports that 85% of sports wagering facility proceeds would be appointed toward going to the licensee, with mobile sports betting licensees permitted to retain 85% from their first $5 million in gaming revenue and 82.5% of revenue over $5 million. The balance would go to the state.

Also, sports wagering licenses would be under the watch of the state Minority Business Enterprise (MBE) program for a set period to enhance opportunities for minority businesses owned by women. State proceeds from the bill would be funneled to education and other specific needs through the state’s Blueprint for Maryland’s Future program.

This increased version of the sports wagering bill, sponsored by House Speaker Jones and approved by the House Ways and Means Committee, would automatically grant licenses for in-person sports betting at the state’s six casinos, three major professional sports stadiums, thoroughbred horse racing tracks, the state fairgrounds in Timonium and a “riverboat” off-track betting facility on the Potomac River.

Coming up Next

House debate on the bill could begin this week when the full body is next in session. Legislators are trying to decipher how to set up the new sports betting industry in Maryland, following the November 2020 ballot measure in which voters approved legalized sports betting with strong 67% support.

Current revenue projections for HB 940 could change while likely being amended during the next legislative session, which concludes in mid-April. The most positive news was the full committee approval last Friday. If all proceeds according to plan it is possible Maryland could see sports wagering begin by early 2022.

Image for Larry Gibbs


Larry Gibbs

250 Articles

Larry Gibbs is both a seasoned journalist and a respected online gaming industry consultant. His wry commentary & sharp analysis have appeared in numerous top gaming and sports wagering publications. He has also served as Vice President of US Gaming Services, a marketing research organization with 15 years of experience in US online wagering. He has spoken at noted gaming industry conferences including G2E, GiGSE, and NCLGS.

Email: [email protected]

More info on Larry Gibbs
We've been featured on:
espn logo
reuters logo
cbs-news logo
forbes logo
entrepreneur logo
entrepreneur logo
We only list licensed sportsbooks

© Rebel Penguin ApS 2024 (a subsidiary of Gaming Innovation Group Inc.)

We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.

WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.

Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.