bet in maryland

Bet in Maryland

Maryland offers both retail and online sports betting. Retail sportsbooks opened at casinos in December 2021, while online sports betting launched in November 2022. The state offers a wide variety of sports and bets to choose from.

Maryland Sports Betting Regulations

Maryland’s sports betting regulations are overseen by the Maryland Lottery and Gaming Control Commission. The regulations cover a wide range of topics, including⁚

Licensing requirements for sports betting operators
Types of bets that are allowed
Tax rate on sports betting revenue
Responsible gambling measures

Key aspects of the regulations include⁚

A 15% tax rate on sports betting revenue
Up to 60 mobile sports betting licenses and up to 40 retail licenses.
A minimum age of 21 to place a bet
A ban on betting on high school sports

The regulations are designed to create a competitive and fair sports betting market in Maryland while also protecting consumers and ensuring the integrity of the industry.

Maryland Sports Betting Milestones

Maryland’s path to legal sports betting has been marked by several key milestones⁚

November 2020⁚ Maryland voters approve a referendum to legalize sports betting.
April 2021⁚ The Maryland Legislature passes a bill to legalize sports betting, setting the stage for both retail and online wagering.
May 2021⁚ Governor Larry Hogan signs the sports betting bill into law.
December 2021⁚ Retail sports betting launches at five casinos across the state, marking the official start of legal sports wagering.
November 2022⁚ Online sports betting launches in Maryland, expanding options for bettors statewide and allowing major players to enter the market.

These milestones highlight the relatively swift progression of sports betting legalization in Maryland, driven by voter approval and legislative action. The successful launch of both retail and online sportsbooks solidified Maryland’s presence in the growing US sports betting landscape.

Types of Bets Allowed

Maryland offers a comprehensive range of bet types, catering to both seasoned bettors and newcomers. Popular options include⁚

Moneyline⁚ A straightforward bet on which team or individual will win a game or event.
Point Spreads⁚ Wagers on the margin of victory, with points added or subtracted from a team’s score to even the odds.
Over/Unders: Bets on whether the combined score of both teams in a game will be over or under a predetermined number.
Parlays⁚ Combining multiple bets into a single wager for potentially higher payouts, but all selections must win.
Futures⁚ Placing bets on events or outcomes that will be determined in the future, such as championship winners or season MVP.
Prop Bets⁚ Wagers on specific occurrences within a game or event, such as the first team to score or the number of touchdowns.
Live Betting⁚ Placing bets on games or events while they are in progress, with odds fluctuating based on real-time action.

Maryland regulations prohibit betting on high school sports. While college sports betting is allowed, wagers on individual player performances in college games are not permitted.

Legal Sportsbooks in Maryland

Maryland boasts a diverse and competitive sports betting market with several licensed online sportsbooks. Here are some of the prominent players⁚

BetMGM⁚ Official partner of the Baltimore Ravens, BetMGM offers a user-friendly platform with a wide selection of betting options and promotions.
FanDuel⁚ Known for its competitive odds and comprehensive coverage of various sports, FanDuel provides a seamless betting experience.
DraftKings⁚ A popular choice for daily fantasy sports players, DraftKings also offers a robust sportsbook with a user-friendly interface and appealing bonuses.
Caesars Sportsbook⁚ Backed by the renowned casino brand, Caesars provides a wide array of betting markets, competitive odds, and a rewarding loyalty program.
PointsBet⁚ Differentiating itself with its unique “PointsBetting” system, PointsBet allows for higher risk and reward wagers.
Barstool Sportsbook⁚ Partnered with Penn National Gaming, Barstool Sportsbook leverages its media presence to offer a distinctive betting experience.

This is not an exhaustive list, and other licensed sportsbooks may be operational in Maryland. Always ensure you are using a legal and regulated sportsbook to place your bets.

Responsible Gambling

While sports betting can be an exciting form of entertainment, it’s crucial to engage in it responsibly. Maryland promotes responsible gambling practices and provides resources to help bettors stay in control and seek help when needed.

Here are some essential tips for responsible gambling⁚

Set a budget⁚ Determine how much you can comfortably afford to spend on betting and stick to it. Avoid chasing losses.
Take breaks⁚ Don’t let betting consume your time. Step away regularly to maintain a healthy balance.
Don’t gamble under the influence⁚ Making bets while under the influence of alcohol or drugs can impair judgment and lead to poor decisions.
Recognize the signs of problem gambling⁚ If you find yourself preoccupied with gambling, chasing losses, or experiencing negative consequences, seek help immediately.

Maryland offers several resources for problem gambling, including⁚

Maryland Center of Excellence on Problem Gambling⁚ Provides information, resources, and support services.
1-800-GAMBLER⁚ A confidential helpline offering support and referrals for problem gambling.

Remember, gambling should be a form of entertainment, not a source of financial strain or personal hardship. Bet responsibly and seek help if needed.