John A. Martin, director of the Maryland Lottery and Gaming Control Agency, announced Thursday that the state will begin the Nov. 23 will launch online sports betting. the day before Thanksgiving. On Wednesday, the Maryland Sports Betting Application Review Commission (SWARC) approved 10 mobile sports betting licenses, with seven ready for launch.
The director said the launch time is still being finalized. “We should have an update on that as we enter the final phase of the rollout,” he said, as reported Baltimore Sun. “We hope to announce a Wednesday start time early next week.”
SWARC of Maryland approved 10 mobile sports betting licenses on Wednesday. Martin noted that there are “several operational requirements that must be included before they can be launched, including a controlled demonstration.
Of those 10 licensees, three will not be ready to start accepting bets on Wednesdayaccording to the director, so Marylanders will initially have the opportunity to choose one of seven companies: Barstool Sportsbook, BetMGM, BetRivers, Caesars, DraftKings, FanDuel and PointsBet.
The news comes two years after Maryland voters passed a referendum to approve sports betting in the state. It took years for the casino state to allow them to start in-person sports betting, and the mobile betting infrastructure continued to be developed.
Because of the delay start and place bets on mobile devices, Martin “Of course, DraftKings and FanDuel are the leaders in the country, but they are sports operators, they are not licensees and the process took so long – we had to work with the license holders“.
“Many of these people have had to formulate these partnershipsthey didn’t exist until September or June,” he explained as reported Fox 5.
According to new estimates released Wednesday by the Maryland Sports Betting Commission, analysts predict that in the first year alone, mobile sports betting will bring the state 26 million.. Within five years, they expected mobile sports betting to bring in nearly $100 million.
Gaming operators in the state are already showing excitement to offer this new vertical. “We’ve been waiting for this moment for Virginia to cross the bridge, and D.C. has had it for a while.” I can say that we are all very happy about it. Alex Alvarado of MGM National Harbor told Fox 5.
“I think this is just another way for our guests to enjoy all that we have to offerso we’re just happy that there are more ways for customers to enjoy this kind of entertainment,” he noted.