Sports betting firm SuperBook Sports has received preliminary approval for a wagering license in Maryland.
Get ready to place your bets in Maryland, where mobile sports betting is on the rise! The Maryland Lottery has granted initial approvals for several operators, including SuperBook Sports and Crab Sports, to establish their presence in the Old Line State.
SuperBook Sports Heats up the Game
SuperBook Sports, renowned for its partnership with Camden Yards, home of the Baltimore Orioles, has received the green light to launch a retail and mobile sportsbook in Maryland. Although it's yet to go live, final approval from the Maryland Sports Wagering Application Review Commission is expected in February.
Crab Sports and Local Betting Startups
Crab Sports, partnered with Gaming Innovation Group, also got the nod for a mobile sports wagering license. This sports betting startup aspires to provide Marylanders with a local sports betting product.
On the retail side, Canton Gaming secured a retail sports betting license, aiming to open sportsbooks under betPARX at Greene Turtle sports bars in Baltimore and Towson, while Kathe P. Hospitality Services, a woman-owned business, received approval to transform an existing location into a retail sports betting facility in Anne Arundel County.
Dynamic Mobile Sportsbook Market
Fanatics Sportsbook recently launched its retail sportsbook at FedEx Field, providing Maryland bettors with another option. However, their mobile sportsbook is still AWOL in the state. Keep an eye out for upcoming launches from Bally Bet, betPARX, Betfred, and WynnBET, though impatient bettors will have to wait for official timelines.
Currently, seven mobile sportsbooks—Barstool Sportsbook, BetMGM, BetRivers, Caesars Sportsbook, DraftKings, FanDuel, and PointsBet—are already live in Maryland, with speculation suggesting up to 20 mobile sportsbooks may operate in the state by the end of 2023.
Regulatory Landscape Evolving
Amid this dynamic sports betting landscape, it's crucial to note that a legislative attempt to repeal online sports betting in Maryland, initiated by Sen. Joanne Benson, is ongoing. If passed, this bill would only affect online betting, leaving in-person sports betting intact.
With the tax rate for mobile sportsbook operators set to increase to 20% in May 2025, operators might need to adjust their profitability and offerings. However, this change does not alter the operational status of mobile betting in Maryland.
In summary, Maryland's mobile sports betting scene is buzzing with excitement! Brace yourself for an explosive growth with new operators potentially joining the fray, while the regulatory environment may undergo changes in the near future. Keep your eyes peeled for updates on SuperBook Sports and other key operators!
Place your wagers on SuperBook Sports or Crab Sports, as they've received approval to launch mobile sports betting in Maryland. The Maryland Sports Wagering Application Review Commission is expected to give SuperBook Sports final approval in February.
As you prepare for the rapidly expanding mobile sportsbook market in Maryland, keep a watchful eye on potential new foreign operators like Bally Bet, betPARX, Betfred, and WynnBET, who are anticipated to launch in the state.
