Maryland Lawmaker Seeks Retail Sports Betting Licensing Growth

One Maryland lawmaker wants to see the state’s retail sports betting license application window reopened, according to a report from Maryland Matters. 

Delegate Jason Buckel voiced his desire for more retail sports betting options across the state when the Maryland Lottery gave a 90-minute presentation Tuesday in front of the House Ways and Means Committee. 

“There’s very few on the Eastern Shore,” Buckel said. “For Montgomery County, with 1.1 million people, there’s one in all of Montgomery County. There’s dead spots kind of all over the state.”

Buckel suggested to regulators that he’s going to introduce legislation in 2024 to reopen an application period for new licensees. Regulators suggested a wait-and-see approach to see how the market matures in coming months.

Maryland legislation allows for up to 60 mobile sports betting licensees. The law also allows for 30 retail sports betting licensees in addition to the 17 brick-and-mortar locations that were specifically designated in the legislation.

Current licensees

While the idea of small businesses adding retail sports betting as a revenue source sounds good on paper, those operating a brick-and-mortar sportsbook run the risk of bettors having a strong stretch, which could lead to monthly or even quarterly losses. 

There are also costs associated with opening a sportsbook, and most small businesses need an outside operator to actually run the sportsbook given their lack of experience in the industry. Additionally, the strong majority of bettors prefer mobile sports betting to placing retail wagers. 

or those reasons, most Maryland small businesses haven’t jumped at the chance to open a retail sportsbook. 

Still, Maryland has 12 mobile sportsbooks and 12 retail sportsbooks currently in operation. Several of those locations are small businesses in the state, including Long Shot’s in Frederick, which is a woman-owned enterprise. There are even small, local mobile operators such as Crab Sports. 

There are other operators in the pipeline to launch, including Bally Bet and Queen Sportsbook Maryland. Long Shot’s in Hagerstown is also expected to launch a retail sportsbook. 

*Article by Bennett Conlin from SportsHandle*