Maryland Governor Larry Hogan is set to sign a bill authorizing sports betting and fantasy sports into law today (18 May).
The bill – HB 940, signature of which was placed on Hogan’s schedule for today – would allow for four different types of retail licenses, plus a license for mobile betting.
A Class A-1 license would be for an operator of more than 1,000 video lottery terminals (VLTs), such as the state’s land-based casinos, or any NFL, NBA, MLB, MLS or NHL team based in the state, such as the Baltimore Orioles or the Washington Football Team. This license carries a fee of $2m.
A Class A-2 license, costing $1m, would be for the Maryland Jockey Club or an operator of 1,000 or fewer VLTs.
Read the full story on iGB North America
