In the latest bookie news, all eyes are on Maryland as today, sportsbooks will be going live today. After years of waiting, Maryland sportsbooks now have licenses- at least 7 of them have, and can now start accepting sports wagers from residents from 9:00 AM onwards ET. The state’s regulator, the Maryland Lottery and Gaming Control Commission (MLGCC) has had the chance to see sports betting software on hand. Last Monday, operators had a soft launch of sorts as a preview of what to expect today.
Keeping track of betting markets helps those who want to be an online bookie to get a feel of market demand and what sort of products to offer to players. In the sports betting industry in Maryland, retail sports betting started in December. The handle for retail sports betting has been good, but incomparable with other markets that offer online sports betting.
What’s in Store for Maryland Sportsbooks
For any Bookie PPH, this weekend will have the potential to be a great moneymaker. Since it will be Thanksgiving weekend, the holiday weekend will have a lot of sports events in the slate. The NFL season is known for this, plus you also have the FIFA World Cup, and other events to keep bettors busy.
In addition, expansion for sports betting is also in the works for the local market. Today’s launch features seven online sportsbooks, but more operators will be joining soon. To give you an idea, the law allows for up to 60 licenses for mobile sportsbooks. The MLGCC estimates that by the time the next NFL season starts next year, they will have around 21 online sportsbooks active, as well as between 15 to 20 facility licenses.