Get Ready Maryland: Legal Sports Betting is Coming

Get Ready Maryland: Legal Sports Betting is Coming

Legal online sports betting is coming to the state of Maryland on Wednesday, November 23, at 9:00 AM for a long-awaited launch. Online sports betting has already taken place in Maryland in some form, as a trial run was granted on Monday afternoon.

The Maryland Lottery has an interesting plan in place to launch sports betting, and it required all licensed sportsbooks to test things out on Monday. Betting was available during the first World Cup game for the United States, but only live betting, as the tests didn’t start until after the game kicked off.

This launch is over two years in the making in Maryland, as it was all the way back in November 2020 when voters in the state legalized the industry. It was Governor Larry Hogan that actually made the announcement of the official launch date in the state of Maryland.

Governor Hogan was not happy this summer as the process of launching sports betting was taking much longer than expected or much longer than it should have. The early revenue projections for the industry have total sports betting revenue coming in at $30 million for the first full fiscal year.

Details of the Full Launch

There will be seven mobile sports betting operators that are set to launch on Wednesday morning, and they are some of the biggest names in the industry. The complete list of sportsbooks set to go live include:

Most of these online sportsbooks have been offering a pre-launch bonus over the last few weeks as they were clearly going to receive a license. Those bonuses or promotions won’t slow down after things launch as there will be plenty of competition to attract the most customers.

Retail sports betting has been available in this state, but bettors have been patient in waiting for the online sportsbooks to go live. Since all of those sportsbook operators had to go through a trial run, there shouldn’t be many issues after the launch date.

Sneak Preview on Monday

The testing period in Maryland might have confused some sports bettors, but it actually went off without any real complications. Operators in the state chose to accept as many bettors as possible as opposed to limiting the number of new customers.

Online sports betting was available from 2:00–10:00 PM ET on Monday, and then all of the sites completely shut down for a review. Most online sportsbooks had some welcome bonuses available on Monday, and those were a part of the test as well.

Maryland sports bettors had a similar experience when retail sports betting went live, as the Maryland Lottery has tried to protect against any serious issues.

Some Operators Sitting Out

There were actually ten operators that were approved for a sports betting license in Maryland, but three sportsbooks aren’t going to launch on Wednesday. The three mobile operators that are choosing to sit this one out are Betfred, BetPARX, and Fanatics.

Those three sportsbooks have chosen to wait until 2023 to go live in the state, and they know that they just can’t compete with the biggest names in the industry. Those three operators are still relatively small compared to the other biggest names that are hoping to launch legal sports betting.

There is still room for even more growth in Maryland, but it’s unclear how long until more sports betting licenses are handed out.

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