Three Maryland casinos closer to sports betting licenses

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Three Maryland casinos closer to sports betting licenses

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Three Maryland casinos are expected to receive sports betting licenses.

On Wednesday, the Maryland Lottery and Gaming Control Commission (MLGCC) determined that the Horseshoe Casino in Baltimore, Live! Casino & Hotel in Hanover and MGM National Harbor in Oxon Hill have met the requirements for a sports betting license.

The three casinos are among 17 that have been designated in the state’s sports betting law to conduct sports betting operations, pending a review of their qualifications to receive licenses. Applications from each institution will now go to the Sports Betting Applications Review Board (SWARC), which is responsible for awarding licenses.

Maryland Casinos Easily Approved

SWARC voted unanimously in August that the MLGCC qualification standards are sufficient for SWARC to license the 17 designated entities in Maryland.

“We are delighted that these three candidates have been approved and that we have transferred them to SWARC,” Maryland Lottery and Gaming Director John Martin said in a press release. “Our team is diligently implementing the sports betting law, and we are one step closer to the first in-person bets, which we hope will take place by the end of the fall.”

The MLGCC has delegated the authority to enforce other licensing standards to the Maryland Lottery and Gaming Control Agency, as set out in state law. The MLGCC may waive certain requirements for applicants who are licensed in Maryland or other states where “the licensing standards are complete and thorough and offer similar and adequate guarantees” to those required in Maryland.

The MLGCA has determined Horseshoe, Live! and MGM are qualified because they already have gaming licenses in the state. Maryland’s licensing investigations into the three sports betting operations remain ongoing and all licenses that have been issued could be revoked.

Then, after the SWARC meeting on October 14 and official licensing, MLGCA staff will ensure that the three licensees have finalized their internal control systems and have met other operational requirements before issuing the licenses. licenses. MLGCA is working with casinos to expedite these tasks.

Maryland Sports Betting

Maryland legalized sports betting on May 18 when Governor Larry Hogan enacted the Sports Betting Act. The bill allows retail and online betting and intends to be as inclusive as possible of who can participate in the state’s gambling market.

Under the bill, residents of Maryland can place bets in person at casinos, racetracks and other retail locations such as professional sports facilities and possibly bars and restaurants. People can also bet from home on their phone or other mobile devices.

In November 2020, voters approved sports betting in Maryland by a 2-to-1 margin. The state constitution requires voter approval for the extension of gambling. Maryland already has in-person casino betting, horse racing, lottery and bingo.

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