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pointspreads.com

Maryland Online Casinos: A Game-Changing Move?

Maryland's House of Delegates has recently thrown its chips into the online gaming arena by green-lighting HB1319, a bill aimed at legalizing online casinos within the state. The measure, which passed with a vote count of 92 in favor and 43 against, has stirred up quite the buzz in the betting news, especially with concerns over potential job…

Industry ・ 19 March 2024

Yogonet

Online casino bill passes Maryland House vote just ahead of deadline

Maryland's House of Delegates voted to pass HB1319, a bill seeking to legalize online casinos in the state, this Saturday. The vote count stood at 92 in favor and 43 against, pushing the legislation forwardduring a special session held just two days before a March 18 deadline for bills to progress from the House to the Senate. Del. Vanessa…

Law ・ 18 March 2024

US Bets

Maryland Senate Online Casino Hearing Mirrors House Discussion

Just two days after a lengthy discussion about online casino legalization in the Maryland House, a state Senate committee conducted a nearly identical hearing Wednesday. Wednesday's hearing in the Senate Budget and Taxation Committee focused on SB 603, which aims to bring up to 12 mobile casino apps to Maryland. Licenses would be tethered to…

Law ・ 29 February 2024

focusgn.com

Online casino bill introduced in Maryland Senate

Senator Ron Watson filed SB0603. US.- Maryland senator Ron Watson introduced SB0603, which seeks to legalise online casinos in the state. If passed, the legislation would make Maryland the eighth state in the US to legalise igaming. Maryland law currently allows for brick-and-mortar casinos, retail sports betting, and online sports…

Law ・ 31 January 2024

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Maryland Legislator Files Bill To Legalize Online Casinos

Maryland Sen. Ron Watson filed his highly anticipated online casino bill Friday, beginning the state legislature's 2024 effort to legalize mobile casinos. Maryland is considered one of the states most likely to legalize online casinos in the near future. Maryland law currently allows for brick-and-mortar casinos, retail sports betting, and…

Law ・ 29 January 2024

Conduit Street

Casino Revenue Down, Sports Wagering Revenue Ticks Up

Sports wagering contributes $3.2 million in tax revenue in September. Maryland's 13 retail and 12 mobile sportsbooks generated $3231427 in contributions to the State, up from the $2.555671 million for August 2023. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland's Future Fund, which supports public education…

Finance ・ 10 October 2023

The Baltimore Sun

Maryland should legalize online gambling to eliminate black markets and protect consumers

Maryland lawmakers are continuing efforts to legalize internet gambling despite legislation introduced earlier this year failing to garner the needed support. The Maryland Lottery and Gaming Control Commission said this month it is conducting a study to see how online gambling, like interactive slots and table games, could benefit the state. This…

Law ・ 22 August 2023

WTOP

Gambling was a big payday for Maryland last year

The state of Maryland takes its share of gaming revenue, and with casinos, lotteries and now legalized sports betting, that share totaled $1.589 billion in fiscal 2023 - about 3.5% more than the previous year. During the state's fiscal year, which ended June 30, the combined contribution to the state included $848.1 million from casinos; $714.3…

Sports ・ 16 August 2023

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Conduit Street

Sports Wagering Revenue Down, Casino Revenue Ticks Up

Sports wagering contributes $2.8 Million in tax revenue during June. Maryland's ten retail and ten mobile sportsbooks generated $2835051 in contributions to the State. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland's Future Fund, which supports public education programs. June is typically a slower month,…

Finance ・ 13 July 2023

Conduit Street

Maryland Casino Revenue Down, Sportsbooks Doing Well

Statewide sports wagering totaled nearly $320.2 million last month - the second-best single-month total to date. Maryland's ten retail and ten mobile sportsbooks combined to generate $4650711 in contributions to the state during May 2023, the second-best single-month total to date. Each sportsbook contributes 15 percent of its taxable win to the…

Finance ・ 13 June 2023

Delmarva Now

Virtual table games, slots could land on Maryland 2024 ballot

The Maryland Senate began hearings Wednesday on a bill to remove some of the last blocks to unfettered gaming statewide - a plan that would ask voters to legalize online gaming for sponsors paying a hefty licensing fee. The bill's is sponsored by Sen. Ron Watson, D-Prince George's, and Senate Majority Leader Nancy J. King, D-Montgomery. Senate Bill…

Law ・ 21 February 2023

Capital Gazette

Maryland legislature to analyze legalizing online gaming like virtual table games and slot machines

The Maryland Senate began hearings Wednesday on a bill to remove some of the last blocks to unfettered gaming statewide - a plan that would ask voters to legalize online casinos. SB 267, sponsored by Sen. Ron Watson, a Democrat from Prince George's County, and Senate Majority Leader Nancy J. King, aMontgomery County Democrat, would ask voters in…

Law ・ 20 February 2023

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WUSA9

Maryland lottery, casinos generated record-breaking $1.5B in 2022

The new state record beat the revenue for the last fiscal year by $120 million, the lottery said. BALTIMORE - Editor's Note: The video attached to this article is from a separate story that aired in February 2022. Maryland Lottery and Gaming raised a record $1.5 billion in contributions for the state through the lottery, casino gaming, sports…

Lottery ・ 17 August 2022

Seattle PI

Maryland gambling revenue sets new record in fiscal year

ANNAPOLIS, Md. (AP) - Maryland raised a record $1.5 billion for the state from gambling revenue in the last fiscal year, the lottery announced Monday. The new all-time state record includes money raised by the lottery, the state's six casinos, sports betting and fantasy sports wagering. The revenue for the last fiscal year beat the amount raised in…

Finance ・ 16 August 2022

KPVI

Gambling revenue sets new record in fiscal year

ANNAPOLIS - Maryland raised a record $1.5 billion for the state from gambling revenue in the last fiscal year, the lottery announced Monday. The new all-time state record includes money raised by the lottery, the state's six casinos, sports betting and fantasy sports wagering. The revenue for the last fiscal year beat the amount raised in the…

Finance ・ 16 August 2022

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PLAYSTUDIOS Launches Blockchain Gaming Division

PLAYSTUDIOS Inc., the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, has launched its new blockchain division, playBLOCKS. playBLOCKS will extend PLAYSTUDIOS' leadership in "rewarded play" by leveraging blockchain technologies and economic…

Crypto ・ 06 August 2022

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Crypto Reporter

PLAYSTUDIOS Enters Strategic Alliance With Forte to Power Its Venture Into Web3

Forte to Provide the Platform that Powers PLAYSTUDIOS' New playBLOCKS Division, Bringing Rewarded Play to Web3 SAN FRANCISCO--(BUSINESS WIRE)-- Forte, a leading provider of blockchain solutions, and PLAYSTUDIOS, Inc. (NASDAQ: MYPS), the company behind the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social…

Mobile ・ 04 August 2022

Valdosta Daily Times

PLAYSTUDIOS Brings Its Real-World Gamified Rewards to Web3 With New Blockchain Division

LAS VEGAS--(BUSINESS WIRE)--Aug 3, 2022-- PLAYSTUDIOS, Inc. (NASDAQ: MYPS) ("PLAYSTUDIOS" or the "Company"), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the launch of its new blockchain division, playBLOCKS. playBLOCKS…

Crypto ・ 03 August 2022

The Southern Maryland Chronicle

What Maryland Does With Its Taxes on Gambling

Federal taxes are due by Monday for most of the country, and PlayMaryland felt it appropriate to provide readers with a breakdown of what Maryland does with its gambling revenue. Don't worry: Maryland's deadline for taxes is July 15. When the recent sports betting law passed, Maryland made sure to link sportsbook taxes with education funding. But…

Finance ・ 16 April 2022

The Bond Buyer

Gambling revenues bolster Detroit's fiscal recovery

Rebounding casino and new online gambling tax revenues will give Detroit's general fund a boost this year and in the coming ones as it tackles looming pension contribution pressures. The city's estimating conference revised general fund projections for the fiscal 2022 which began July 1 to $1.1 billion from $995 million thanks mostly to $66 million…

Finance ・ 17 September 2021

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