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Last Thursday, the Maryland Lottery and Gaming Commission (MLGC) kept good on their promise to keep working towards a December launch of the state’s retail sports betting market by approving the applications for a sportsbook license for two more off-track betting facilities.
It’s one of the many steps that must take place for a Maryland business to qualify for and obtain one of the 47 licenses for retail books allowable in the state, a tedious process meant to ensure a wide variety of candidates are considered and chosen to offer legal sports betting there.
The two approved venues are:
These two venues have minority and women owners, a factor considered critical to the MLGC and its director, John Martin, who said in a press release:
We’re extremely happy to see these two locally owned businesses move forward, and we’re eager to continue working with them in the coming weeks to launch their sports wagering operations.
But the journey towards taking that first bet is still a few steps removed.
Now that these two applications have been MLGC approved, they will be sent on to Maryland’s Sports Wagering Application Review Commission (SWARC), the group that awards the licenses after another thorough review to ensure each candidate fulfills all the requirements set.
As we reported earlier in Five Maryland Casinos Finally Receive State Approval for Sports Betting, other Maryland venues have already made it through this process and now await the official launch so they can begin taking sports wagers:
They are now awaiting the MLGCC to issue each of them a sports wagering permit which happens once the lottery agency receives the $500,000 one-time upfront fee from each business.
All those pieces must be in place before an official launch can happen.
If all goes well and smoothly here in the Free State, the first bet could be placed and taken some time in December, a goal that MLGC Director Martin has made public, saying in his press release:
Everything is on pace for the first public openings to happen in December. The facilities and the public are eager to get started, and so are we.
Eager, most likely, because it is expected that, at full maturity, Maryland’s sports betting market could generate around $217 million in yearly action which could mean about $32.55 million in annual tax revenue for the state, money that could go towards making residents’ lives better.
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Mike Lukas is a retired standup comedian turned freelance writer now living in Dallas, Texas, originally from Cleveland, Ohio. His love for the game of football and all things Cleveland Browns turned Mike into a pro blogger years ago. Now Mike enjoys writing about all thirty-two NFL teams, hoping to help football gamblers gain a slight edge in their pursuit of the perfect wager. Email: [email protected]More info on Mike Lukas
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