Friday, March 29, 2024

Betting, Featured, Gambling

3 Months With Legal Online Sports Betting in Maryland: What Has Happened and What Can We Learn?

The sixth most populous state in the mid-Atlantic region, Maryland, became the most recent state to legalize sports betting. The state has a strong sports following, as evidenced by the many major professional sports teams established within the state and nearby locations. As a result, most industry professionals anticipate that the betting market will be cutthroat in the not-too-distant future.

There are already many reputable sportsbooks online, providing an ample array of alternatives for wagering on sporting events. The Maryland Lottery and Gaming Control Agency has licensed up to seven online betting services. These sportsbooks include BetMGM sportsbook Maryland and other popular sportsbooks. In this article, you will find valuable pointers providing relevant information regarding online sports betting in Maryland.

Key Points in Online Sports Betting in Maryland

  • December 1, 2022: Bally Bet and WynnBET were announced as qualified operators by the Maryland Lottery and Gaming Control Agency to be issued sports betting licenses. 
  • November 23, 2022: Online betting was legalized in Maryland. Seven online sportsbooks are now available to bet on in Maryland.
  • November 22, 2022: Governor Larry Hogan formally launched online sports betting in Maryland.  Pre-registration offers were made available for Caesars, FanDuel and BetMGM.
  • November 17, 2022: The Maryland Lottery officially announced that the first day of operation for online sports betting in Maryland would be on November 23.
  • November 16, 2022: The Maryland Wagering Commission decided to award 10 licenses for sports betting.
  • November 14, 2022: It was confirmed by officials from the state of Maryland that SWARC would announce on November 16 the legalization of sportsbooks.
  • November 1, 2022: Maryland recognized GeoComply as a Tier One Contractor, making them the industry leader in geolocation software.
  • October 27, 2022: About 10 sportsbooks applied for licenses in Maryland. Caesars, DraftKings, FanDuel and PointsBet were some of the companies.
  • September 12, 2022: According to the state’s regulatory agencies, Maryland would debut its mobile sports betting apps in November or December.
  • September 6, 2022 – According to the Sports Wagering Application Review Commission (SWARC), Maryland would accept license applications for online sports betting until October 21, 2022. 

Getting Started With Sports Betting in Maryland

online sports betting in Maryland

Bettors in Maryland now have the freedom to bet on their favorite sports using the state’s approved sportsbooks. The following is a guide to getting started with sports betting in Maryland:

  1. Locate a reputable online sportsbook

You must select a reliable website with excellent features that suit your betting preferences. You can bet on a variety of betting events using the best sportsbooks. A good sports betting website should provide a large number of market options as well as multiple methods of deposit and withdrawal.

  1. Create an account

Go to your selected website and create an account. Provide your details, including your name, email, address and other required information. Provide the relevant documents to the sportsbook for account verification. When you sign up for an account at any reputable online sportsbook, you will be eligible for a welcome bonus. To qualify for this offer, ensure you have read through its terms and conditions and make a deposit.

  1. Choose the event to bet on

Every smart sports bettor knows that research is necessary if one wishes to profit from betting on sports. Maryland offers good betting market options for sports bettors. You should always extensively study the event before putting any bet on it.

  1. Check for the best odds 

You should choose the odds that provide the greatest value. This will improve your chances of making a profit. It is essential to compare the odds on other sites too. Avoid placing bets when emotions are running high. When you know what to bet on, place your bet.

Conclusion

The most trusted names in online sports betting in Maryland have finally made their debut. Bettors can now register with any Maryland betting site and enjoy the multiple betting markets. They can take advantage of the several promotions available with sportsbooks for new members. As the launches of the various sports betting options progress, additional operators will go live, and bettors will have even more sportsbooks to choose from.

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