With the NFL season here, a missed opportunity for Maryland betting

Detail view of the neon NFL Shield logo during the first round of the 2019 NFL Draft in downtown Nashville.

Detail view of the neon NFL Shield logo during the first round of the 2019 NFL Draft in downtown Nashville.

USA TODAY Sports

Bettors often talk about leaving “money on the table” when they fail to make proposed bets, become nervous or anxious, or simply make the wrong call on something that would have ultimately been fair had they bet above.

Much the same is the case with the state of Maryland, which continues to drag its feet on legal mobile online sports betting. With voters approving legalized sports betting in a 2020 referendum, the state was expected to implement mobile betting at the start of the 2022 NFL season Thursday night.

However, due to a number of variables, including ongoing concerns from lawmakers and officials, the state, according to multiple reports, will potentially leave as much as $20 million “on the table” for the upcoming season of the NFL due to delays in approval. mobile sports betting.

Currently, the wait for the start of mobile sports betting has been pushed back to the playoffs, or just before the Super Bowl.

As online sportsbooks launch in Maryland, sportsbooks will be looking to gobble up new bettors with flashy offers. Just watch Kansas to see what awaits you. The offers will likely include the $1,000 risk-free wager of BetMGM Maryland bonus code MCBET as well as bonuses from Caesars, DraftKings, FanDuel and more.

It’s all on the table, but Terrapin State bettors can only watch the other states go live and wait.

In-person sports betting is barely making a dent in Maryland

In-person sports betting has been legal and in effect since December 2021 at five physical casinos in Maryland. But this is not the case with mobile or online sports betting. And while in-person venues are doing well, Maryland continues to miss the revenue that could be generated by online and mobile sports betting on devices like smartphones, tablets and laptops.

It’s a particularly big loss not only for bettors who want to use their devices to place bets – sometimes within seconds of crucial moments in games – but the taxes generated by sports betting are insufficient for the Blueprint for Maryland’s Future Fund, which is the designated entity to use the incoming revenue and apply it to state public education.

According to one site, Maryland received approximately $3.2 million in tax revenue since betting went live in December 2021 through last July. Do the math, and that comes out to an average of just $160,000 per month. Mobile betting in states where sports betting is legal accounts for over 90% of all wagers.

It appears that Maryland’s Joint Administrative, Executive and Legislative Review (AELR) Committee is most responsible for the delay in approving mobile/online sports betting. In fact, Sports Betting Application Review Board Chairman Thomas Brandt recently sent a letter to Senator Sarah K. Elfreth, Co-Chair of the AELR, and Delegate Samuel I. Rosenberg, almost asking their approval.

“Marylanders have been waiting for mobile sports betting for more than a year since the Sports Betting Act was passed,” Brandt said in his letter to the AELR. “The Blueprint for Maryland’s Future Fund awaits the revenue that sports betting will bring to public schools. But none of this can happen until the AELR acts on our emergency regulatory proposals. Again, on behalf of SWARC, I respectfully ask the AELR to render its decision expeditiously.

Virginia shows potential for Maryland

One of Maryland’s neighbors, Virginia, allows mobile sports betting and received $13.5 million in tax revenue from sports betting from September 2021 to February 2022, right after the Super Bowl.

True, Virginia has a population of 8.5 million compared to just under 6 million for Maryland, but don’t forget that Virginia has also been heavily used by players from Maryland who cross the border to bet in Virginia, essentially taking a large sum of money from his neighbor.

Responsible gaming

Always gamble responsibly. All licensed and legal operators in the United States have resources available to bettors, including instructional guides on how to spot gambling problems, links to support services and tools for self-help. exclude for a defined period of time. Assistance is available at National Problem Gambling Council, 1-800-PLAYER and American Addiction Centers. Be sure to only bet on gambling sites licensed and regulated by your state’s gaming regulator. This ensures that games are fair, bets are honored, customer funds are secure and there are legal protections for the consumer.

Sports betting and gambling are not legal everywhere. Be sure to follow applicable laws where you live.

Veteran sportswriter Jerry Bonkowski has worked as a staff writer for a number of the biggest online publications/sites, including 15 years with USA Today, four years each for ESPN.com and Yahoo Sports, as well as nearly eight years with NBCSports .com. Although his main pace in recent years has been motorsports such as NASCAR, IndyCar and NHRA, he has also made his mark in other sports, including covering the Chicago Bulls’ six championships, Tiger Woods’ debut at the PGA, the 1985 Chicago Bears run to the Super Bowl and more. Follow him on Twitter @JerryBonkowski

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