MD Sports Wagering On Track for December Launch

The Maryland Lottery and Gaming Control Commission today announced that Riverboat on the Potomac and Long Shot’s meet the qualification requirements for sports wagering licenses.

“We’re extremely happy to see these two locally owned businesses move forward, and we’re eager to continue working with them in the coming weeks to launch their sports wagering operations,” said Maryland Lottery and Gaming Director John Martin.

According to Maryland Lottery and Gaming:

The two venues are among the 17 entities that were designated in the sports wagering law to conduct sports wagering operations, pending a review of their qualifications to receive licenses. Riverboat on the Potomac is located in Colonial Beach, Va., and its planned sports wagering area will be located in Maryland, on the banks of the Potomac River. Long Shot’s is located in Frederick. As small businesses with minority and women owners, Riverboat on the Potomac and Long Shot’s support the legislative intent of the sports wagering law to create an inclusive and diverse market.

Their applications will now be forwarded to the Sports Wagering Application Review Commission (SWARC), which is responsible for awarding the licenses.

Five casinos — Hollywood Casino in Perryville, Horseshoe Casino in Baltimore City, Live! Casino & Hotel in Anne Arundel County, MGM National Harbor in Prince George’s County, and Ocean Downs Casino in Worcester County were awarded licenses on November 18 and are on track to launch operations later this month.

“Everything is on pace for the first public openings to happen in December,” Martin said. “The facilities and the public are eager to get started, and so are we.”

As the last step before their public openings, all sports wagering facilities must complete two days of controlled demonstrations, during which guests invited by the facilities will participate in live wagering under the observation of Maryland Lottery and Gaming staff.

“Controlled demonstrations are an important final step before sports wagering opens to the public,” Martin said. “They serve as a dress rehearsal for the facilities and their staffs, and they allow Maryland Lottery and Gaming to assure the public that these operations are ready to go.”

Last year, Maryland voters approved a constitutional amendment to expand commercial gaming by authorizing sports and events wagering for the primary purpose of raising revenue for education.

Although sports wagering is generally understood to be a low-margin, high-volatility business, proponents in the gaming industry tout the ancillary benefits of retail sportsbooks – specifically, bringing in younger, net new customers to a gaming facility with an aging customer base; increasing table games and slots revenue; and boosting onsite food, beverage, and hospitality business.

Visit the Maryland Lottery and Gaming website for more information.

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