Online gambling enthusiasts in Maryland have something to get excited about. Maryland casino gambling has been legal since 2007, but online casinos and poker remain illegal. A new iGaming bill, SB 267, introduced by Senators Ron Watson and Nancy King on Jan. 25th, could change that.
The bill seeks to give the Maryland State Lottery and Gaming Control Commission authority to issue iGaming operations licenses to video lottery operators within the state. Additionally, it would decide whether to legalize online casinos and poker in the hands of Maryland voters through a referendum on November 2024.
Eligibility for iGaming Licenses in Maryland Under SB 267
Only the state's six casinos would be eligible for iGaming licenses if approved by voters. The State Lottery and Gaming Control Commission would be responsible for issuing these licenses and regulating online casino gaming in the state. This move could bring millions of dollars to the state's economy and create hundreds of jobs.
The six casinos eligible for iGaming licenses are Hollywood Casino Perryville, Maryland Live!, Rocky Gap Casino Resort, Ocean Downs Casino, Horseshoe Baltimore, and MGM National Harbor. All of these casinos offer a variety of slots and table games, as well as dining options and live entertainment.
If approved, Maryland would join states such as New Jersey, Pennsylvania, and Delaware in offering legalized online casino gaming.
Benefits of SB 267 for Maryland Players
The introduction of SB 267 is an exciting development for those who love playing casino games online. It could open up a new world of possibilities for Maryland players looking for more convenient and accessible ways to enjoy their favorite games from home or on the go.
With this bill, Marylanders will have access to a wide variety of casino-style games, including slots, blackjack, roulette, baccarat, and more. Players will also be able to take advantage of generous bonuses and promotions that can help them maximize their winnings.
In addition to providing players with more options and better rewards, SB 267 also includes measures that will help protect players' personal information and funds while playing online. The bill requires all operators to use the latest encryption technology to ensure that all data is secure and confidential. It also requires operators to monitor their systems for any suspicious activity or fraudulent behavior so that players can rest assured that their accounts are safe online.
The introduction of SB 267 is excellent news for those who love playing casino games online in Maryland. With this bill, players will have access to a broader selection of games, better bonuses, promotions, and improved security measures that will help keep their accounts safe while playing online.
A Closer Look at SB 267 iGaming Bill
SB 267 will require all approved applicants for an iGaming license to pay a one-time fee of $500,000. As part of this fee structure, applicants must pay an initial payment of $100,000 and a renewal fee at the end of each term which is set at $50,000. The annual rate also depends on gaming activities, with potential fees ranging from $250,000 to $2 million.
The money generated from these fees could be used in various ways, including funding public education programs, infrastructure projects, and other initiatives that benefit the citizens of Maryland. Additionally, it could help create jobs in the state by providing employment opportunities for those who work in the gaming industry.
This landmark bill positions Maryland as one of the first states in the country to offer regulated online gaming, providing its citizens with safe, entertaining opportunities while also benefiting education programs across the state. It's still too early to tell what will happen with SB 267, but one thing is sure: if it passes, it could revolutionize the way people play casino games in Maryland!
