An unusual first day for online sports betting in Maryland

Maryland is launching a unique process to legalize mobile sports betting this week ahead of Thanksgiving.

On Monday at 2:00 p.m. ET, the state will begin a trial period for seven of its approved sportsbooks to test the platform until 10:00 p.m. ET, when legal betting in the state will go offline again.

Assuming no minor hiccups during the testing period, mobile sports betting will go live in Maryland on Wednesday.

Per Action networkThis is the first time the state has done so since PASPA was shut down in 2018. States sometimes soft-launched, but never took mobile betting fully online and never went offline for days.

Maryland has come a long way to get to this point.

  • The original bill (SB 4) passed the House and Senate in March 2020.
  • In November 2020, voters approved an amendment to the state constitution allowing sports betting.
  • After some time to work out the rules and details, Governor Larry Hogan signed it into law in May 2021.
  • Retail sports betting went live in December 2021.

Soon, mobile sports betting in Maryland will allow up to 60 online sportsbooks, including FanDuel, DraftKings, BetMGM, Caesars, PointsBet, Barstool Sportsbook, and BetRivers. .

Maryland will become the 21st state to allow online betting, and will look to add to an already record year for American sportsbooks.

It is planned to invest 1.8 billion US dollars World Cup alone can often add a higher handle for NFL and college football record month for the nascent American sports betting industry.

Industry set quarterly record In Q3 2022 ($1.68 billion), revenue of $4.78 billion surpassed the full-year record ($4.34 billion).

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