This story was published more than 4 years ago.
Maryland's Senate has unanimously voted to approve of a bill that would legalize sportsbetting within the state, passing the measure with a 47-0 vote.
The bill is officially known as Senate Bill 4, and will now move to the state's House, where it's scheduled for a Ways and Means Committee hearing next week. If it passes through the committee, it will progress to the full house, where it'll be debated and voted on. If it passes through there, it will head to the desk of Governor Larry Hogan, who can opt to sign the bill into law or issue a veto.
Under the terms of the bill, operators in the state would pay a licensing fee of $2.5 million as well as a $250,000 annual renewal fee. Online licenses would be at least $5,000 extra. Details on the tax rates payable by the operators weren't available.
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Comments
Well, I think the issue here would be the same as that in Michigan, the sportsbetting bill passes when it's not the most appropriate time for that and probably most of the major sporting events around the globe would be cancelled anyway and when I'm looking at the numbers the operators have to pay to get a license in Maryland...I wonder if there would be any of them willing to pay the fees particularly for this current year where there's uncertainty of how long this all going to last.