College sports are some of the most popular events to wager on, but regrettably the NCAA isn’t the most significant fan of sports betting. PASPA, the Experienced and Amateur Sports Protection Act sought especially to protect amateur college athletes from any unwanted pressures that could come about from illegal wagering. On the east coast, Washington Football owner Dan Snyder has created a legislative arms race in the DMV (DC-Maryland-Virginia). Snyder desires the teams new stadium to be a licensed sports betting operator, which has prompted the whole area to aggressively pursue legislation in hopes of landing the team. The writing is on the wall – retail sportsbooks will be coming to NFL stadiums in the very near future. We pointed out in the intro to this section that former NBA commissioner David Stern testified in favor of PASPA in the early 90s, fearing the influence of sports betting on his league.
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Currently, there are a handful of retail sportsbooks readily available in MD for these in the state to wager with, nonetheless these are only readily available at casinos located around the state. Online sports betting also lately launched as well, with this occurring November 23rd, with those in MD now able to bet on sports via all approaches. Retail sports betting has been live in Maryland given that December 2021 following the passing of bill HB940, with this being signed into law July 2021. The financial return Maryland received on sports betting in the first month was massive. In the month of November alone, the state generated a whopping $219 million combined in between mobile and retail sports betting.
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