10 mobile sports betting applicants were promoted by MD regulators

State gaming regulators brought Maryland closer to a long-awaited move into mobile sports betting Thursday by qualifying 10 applicants for licenses.

Preliminary votes from the Maryland Lottery and Gaming Control Commission will send applicants for final approval in November.

The commission qualified 10 applicants for mobile licenses. Four casinos belonged to this batch: Horseshoe Casino in Baltimore; Hollywood Casino in Perryville; Maryland Live in Hanover; and MGM at National Harbor.

Three off-track betting venues – Greenmount Station in Hampstead; long shot at Frederick; and the riverboat on the Potomac in southern Maryland – have also qualified for mobile licenses.

RELATED: Md. mobile sports betting licenses outstrip applicants as deadline draws near

So far, state gaming regulators have not been able to impose diversity requirements on license holders. Despite this, two ownership groups stood out from the rest: Long Shots, which is wholly women-owned, and Riverboat on the Potomac, which is owned by blacks and Native Americans.

Greenmount Station was granted a retail license last year. The plant completed a two-day trial run for government regulators. Gaming officials said Thursday they expect the Carroll County site to open to the public on Friday.

Daniel Snyder, owner of the Washington Commanders, also qualified for a mobile license. He obtained a license for a sports betting shop at FedEx Field in Landover. This site is scheduled to open by the end of the year.

Two other venues — Bingo World in Brooklyn Park and the Maryland State Fairgrounds in Timonium — also qualified for licenses.

Qualification by the Commission is a first step in the approval process.

All 10 applicants are yet to be approved by the Sports Wagering Application Review Commission. This body is scheduled to meet in November.

RELATED: Commission clears ongoing sports betting license approval process

Once approved, licensees must meet final requirements from state lottery and gaming officials before mobile betting can be accepted.

Including the 10 applicants qualified this week, the state can issue up to 60 mobile sports betting licenses.

The batch approved Thursday is not expected to be the final applications to be reviewed. Regulators were expecting some late filings last Friday as the deadline neared.

The next wave of applicants could come before the commission as early as the next scheduled meeting on November 17th.

The commission also approved applications for 10 mobile sports operator license applicants: American Wagering; BetFair; BetFred; MGM; Crown Maryland Gaming LLC (DraftKings); FBGEnterprises (Fanatics); Parx Interactive; Penn Sports; PointsBet; and RSI Maryland.

Operating companies typically work with licensees who provide the technology and the odds.

Operator licenses do not count towards the five dozen mobile sports betting licenses available. They also do not require additional approval from the Sports Betting Application Review Commission.



source

Leave a Reply

Your email address will not be published. Required fields are marked *