Maryland Sports Betting License Approvals Fall Behind Schedule

Maryland’s Journey with Sports Betting Licenses: A Closer Look

With the enactment of a pivotal 2021 Maryland law, the landscape of sports betting in the state was set for a significant transformation. This legislation opened the doors for 17 businesses, guaranteed an in-person Maryland Sports Betting Licenses, to take their operations to the next level. However, nearly four years down the line, the expected boom in sports betting facilities taking wagers has experienced a slower rollout than anticipated.

Maryland’s 2021 sports betting law authorizes 47 retail sportsbook licenses, 60 mobile sportsbook licenses, and 3 reserved licenses for potential major professional sports team relocations, far exceeding the 17 mentioned for initial facility operators.

The Current State of Sports Betting Licenses in Maryland

As of now, only a fraction of the businesses earmarked for these licenses are operational, with just five of the 17 taking wagers. This slow uptake can be attributed to various factors, including the rigorous application and approval process overseen by the Maryland Lottery and Gaming Control Agency (MLGCA) and the Sports Wagering Application Review Commission (SWARC). It’s noteworthy that several of the designated businesses did not immediately jump at the opportunity, with some still contemplating their entry into the sports betting domain.

As of late 2025, Maryland has issued 107 total betting licenses with 12 live retail sportsbooks operational, primarily at casinos, off-track betting facilities, and sports venues, overseen by the Maryland Lottery and Gaming Control Agency (MLGCA) and Sports Wagering Application Review Commission (SWARC).

Among the entities that have embraced this opportunity, three Off-Track Betting (OTB) facilities have been highlighted for their progress. Establishments like Long Shot’s in Frederick, Riverboat on the Potomac in Colonial Beach, VA (with PointsBet operating the book), and Greenmount Station in Hampstead are shining examples of the potential success stories within Maryland’s sports betting scene.

Challenges in the Licensing Process

The licensing process involves a rigorous multi-step review: SWARC first assesses public interest, diversity, and suitability, followed by MLGCA’s financial and criminal background investigations, contributing to delays beyond the 17 statutorily designated entities like casinos and racetracks.

The path to obtaining a sports betting license in Maryland is not without its hurdles. The MLGCA and SWARC play pivotal roles in vetting applications and awarding licenses. However, the high licensing fees, which stand at $250,000 for major retailers and $50,000 for smaller outfits, coupled with a 15 percent tax rate on gross gaming revenue for major retailers (13 percent for smaller retailers), present significant financial considerations for interested parties. This financial barrier has sparked discussions on whether the cost of entry is stifling the growth and inclusivity of the market.

Moreover, the open slots for additional retail and mobile sportsbook licenses, which could see up to 30 retail and 60 mobile operators by early 2023, introduce another layer of complexity to the licensing landscape. With no definite timetable for these awards, the future of Maryland’s sports betting market remains a hot topic of speculation and anticipation.

Partnerships and Progress in Maryland Sports Betting

The dynamics between designated facilities and sportsbook operators are crucial to understanding the current pace of licensing. With six operators licensed to date and negotiations ongoing with others, the role of partnerships in expediting or delaying the licensing process cannot be understated. The MLGCA’s autonomy in approving sports betting operators, without SWARC’s intervention, underscores the streamlined yet cautious approach being taken to expand Maryland’s sports betting ecosystem responsibly.

Looking Ahead: The Future of Online Sports Betting in Maryland

As Maryland continues to navigate the intricacies of sports betting regulation, the anticipation for online sportsbook operations grows. With insights from national surveys conducted across the U.S. sports betting industry, SWARC is actively considering regulations for online operators. This forward-thinking approach aims to ensure that Maryland not only catches up with other states but also sets a benchmark in the regulation and operation of sports betting.

In conclusion, Maryland’s journey with sports betting licenses is a testament to the state’s cautious yet optimistic approach towards this burgeoning industry. As regulations evolve and more businesses enter the fray, Maryland is poised to become a significant player in the national sports betting market. The lessons learned and progress made so far highlight the complexities and potential of sports betting in enhancing state revenue and diversifying entertainment options for residents and visitors alike.