Gaming - Online Sports Wagering - Repeal
The repeal of online sports wagering under SB1033 would significantly alter the regulatory environment for gaming in Maryland. Specifically, the legislation aims to eliminate existing provisions concerning mobile sports wagering licensing, which may lead to a complete re-evaluation of gaming laws. The State Lottery and Gaming Control Commission will have to restructure its regulatory framework and possibly implement new guidelines as they transition away from online sports betting. This change could impact state revenues which are, in part, generated through these gaming operations.
Senate Bill 1033 proposes the repeal of online sports wagering in Maryland, which will directly affect the existing framework governing mobile sports betting in the state. The bill mandates that the State Lottery and Gaming Control Commission refund application fees to certain applicants whose mobile sports wagering licenses remain pending as of July 1, 2025, or to holders who voluntarily surrender their licenses prior to placing any wagers. This indicates a shift away from online sports betting and emphasizes the need for a new strategic direction in gaming regulation within the state.
Opposition to the repeal may arise from stakeholders invested in the sports wagering industry, including businesses and organizations that benefit from online betting and its associated revenue streams. Critics of the repeal might argue that rather than eliminating online wagering, the state should instead focus on better regulation and oversight to address any concerns effectively. Additionally, concerns over potential job losses in the sector or impacts on local economies reliant on betting revenues could also be points of contention as discussions around the bill progress.