Maryland Sports Betting Sites | Best MD Legal Online Sportsbooks

• Maryland has the potential to offer more online sportsbook brands than any other state that has legalized online sports betting.
• Up to 60 licenses are available for sportsbook brands to offer their services to Maryland residents.

The availability of a wide variety of sportsbook brands in Maryland can be an excellent thing for online sports betting enthusiasts as they get to choose the option that suits them the best. 

This range of choices allows users to evaluate different platforms and select the one that offers the best odds, bonuses, and promotions. 

With so many options to choose from, bettors can explore a vast range of features and find their ideal sportsbook. 

Which Sportsbooks are Available

List of Legal Online Sportsbooks in Maryland

1. BetMGM Sportsbook

BetMGM Sports offers sports betting options from professional football to college basketball and even tennis and boxing matches. ... Explore online sports gambling with the huge US brand BetMGM.

2. Caesars Sportsbook

Ceasars Sports Betting online. Sign up for Caesars Sportsbook - America's #1 Sportsbook operator. Bet online on basketball, football, more, find the huge promotions area, and take advantage of one of the best welcome offer packages available from any online sportsbook in Maryland

3. PointsBet

Fixed odds markets (Sports & Entertainment) + PointsBetting where the more your bet wins by, the more you win. Pointsbet is originally from Australia but has launched in several US states and proven very popular for more spread betting options than ever before. If you like your sports betting pumped up to the max, take a look at the spread betting options available at Pointsbet.

4. BetRivers

Exclusive free promotions and best deals! BetRivers Sportsbook welcomes you to a world of benefits for the player. Try the games and take advantage of the promos this rush Street Interactive brand offers, with live betting options on the NFL, NBA, MLB, and MLS to rival any other sportsbook in the state.

6. FanDuel

FanDuel Sportsbook launched in Maryland on Day 1. Set to become one of the state's most popular sports betting platforms, users can now bet on their favorite sports teams and events with increased convenience and user-friendly interfaces. With a reputation for high-quality service and innovative features, FanDuel Sportsbook is expected to be a hit in Maryland, offering sports fans a fresh and engaging way to bet on their favorite sports. This is certainly big news for Maryland's growing sports betting industry.

Things dragged their feet somewhat in Maryland with COVID instead getting in the way of moving forward. Eventually, with a couple of amendments and a bit of shifting things around, the bill was passed in March 2020 and passed to Gov Larry Hogan for his signature.

Fast forward another 14 months, and that signature finally arrived in May 2021, with the list of regulations finalized and passed in July.

But online sports betting took until late 2022 to arrive in the state.

The fact ALL neighboring states had legal sports betting of one form or another ( Virginia, West Virginia, & Pennsylvania) had been a source of frustration.

When Did Online Sports Betting Become Legal in Maryland?

Online sports betting became legal in Maryland state when Gov Larry Hogan signed the bill in May 2021, with operators launching some 18 months later in November 2022

Online Betting License and Tax information

Each of the 60 licenses, if taken up, is required to pay an initial $2,000,000 application fee, followed by a $500,000 renewal every five years, and beyond that, a performance bond of another $1,500,000. 

The tax rate revenue is set at 15%

Maryland Sports Betting Revenue Information

With 6 million residents, the final mid-Atlantic state to move to online sports betting might expect to be able to match similar-sized stats by population, Indiana, and Tennessee. 

With the full launch in November, the uptake was swift and sharp, and in December, a remarkable $478,270.326 was wagered online in the state, and as expected, the vast majority came from mobile devices. A slight drop in January, as expected but 2023 promises to be quite the year for Maryland's online sports betting industry.

Online Sports Betting Timeline in Maryland

March 2023 - The state gained a handsome $6,697,889  in tax on sports betting online in the first quarter of 2023

December 2022 - And incredible $478,270,326 was wagered in the first full month of online sports betting activity in the state.

November 2022 - GOOD NEWS - Finally, online sportsbooks were able to Launch, with the likes of FanDuel, Pointsbet and BetRivers leading the way.

November 2021 - BAD NEWS, while retail sports betting could be as early as New Year 2022, online sports betting could still be 12 months away

July 2021 - Regulations list of Larry Hogans's signed bill was passed. We can look forward to online sports betting in Maryland from early 2022

June 2021 - Pointsbet announces partnership with Riverboat on the Potomac to offer online sports betting

May 2021 - Caesars announced moving away from the William Hill brand and installing Caesars countrywide.

May 2021 - Gov. Larry Hogan signs the bill of legislation to 

March 2020 - The sports betting bill SB 4 was passed to be sent to Larry Hogans's signature

Other Sportsbooks Expected to Launch and When

We have a list of current partnerships listed above and the brands that are expected to provide online sports betting options, but there remain some venues and casinos still to announce or confirm partnerships; they include

• Laurel Park
• Fair Hill Fairgrounds
• Rosecroft Raceway
• FedEx Field
• Greenmount Station
• Rod 'N Reel
• The Jockey Bar and Grille

Benefits of Using a Licensed Online Sportsbook in Maryland

Sports betting has become increasingly popular across the United States, and Maryland is no exception. With the recent legalization of online sports betting, sports enthusiasts in Maryland can now indulge in their favorite pastime from the comfort of their homes. However, using a licensed online sportsbook when placing bets is essential to ensure safety, security, and reliability. 

First and foremost, licensed online sportsbooks guarantee safety and security for users. Sports betting platforms that are licensed have to go through rigorous checks, and the licensing process involves background checks, financial audits, technology audits, and more. This level of scrutiny gives users peace of mind, knowing their personal information and finances are secure while using the platform. Licensed online sportsbooks are better equipped to protect users' data and transactions from fraud, hacking, and other threats.

Another advantage of using a licensed online sportsbook is reliability. A licensed sportsbook has to comply with state regulations and follow specific rules—this means they offer a fair gaming experience that is not rigged or skewed. 

When looking for an online sportsbook in Maryland, be aware that only Legally licensed online sportsbooks appear on the pages here at OLBG and that we have checked for licensing and regulatory information. 

Choosing a licensed sportsbook ensures users access to a safe, reliable, and enjoyable betting experience.

In conclusion, using a licensed online sportsbook in Maryland offers many benefits, to offshore operators, including safety and reliability.

Maryland has the full range of sports that are legally available for online wagering, including everyone's favorite, football, basketball, baseball, hockey, and soccer games.

There are around 13 sports regularly available for betting across the legal states in the US. There may be some restrictions around collegiate events, highlighted below.

College Sports Betting Restrictions

Each state has different rules regarding collegiate event betting online, and Maryland is no exception. However, it is possible to bet on College events in Maryland.

Maryland State sports teams you can wager online

Maryland sports teams fans will be pleased to be able to bet on their favorite teams throughout the year from within the state with legalized online sportsbooks.

Professional State Teams

You will find these major league teams from Maryland available for betting online.

I have counted the Capitals and Wizards in the table above for now. Of course, they both used to play in the state before moving to the newly constructed Verizon Center in downtown Washington in the District of Columbia.

College State Teams

At present, there are no restrictions tabled at Collegiate teams but this is something that has been introduced in other states. So not all teams or bet types might be available.

NCCA Universities

• Coppin State University - EAGLES
• John Hopkins University - BLUE JAYS
• Loyola University Maryland - GREYHOUNDS
• Morgan State University - BEARS
• Mount St Mary University - MOUNTAINEERS
• Towson University - TIGERS
• University of Maryland - RETRIEVERS

Maryland Live Betting Online Options

With a wealth of professional sports teams in Maryland and hundreds of thousands of fans, there is always some live sporting action to be found. One of the great things about online sports betting is the ability to place wagers on the action is happening.

In addition to predicting the outcomes either on the money line or betting lines provided by the sportsbooks, you can make selected wagers once the action has begun, either as play continues or during quarters.

The best online sportsbooks in Maryland will offer, usually at the head of the events menu, games and matches that are available to make wagers on in-play

Online Sportsbook & Franchise Deals in Maryland

Maryland has agreed on licenses based on sports franchise or facility partnerships with brands, and as such, we have some big partners going live as outlined in the table above.

BetMGM & Baltimore Ravens

BetMGM already has some NFL partnerships in other states and has teamed up with the Ravens in Maryland. One of the most progressive online sports betting brands in the states, you'll be sure of plenty of NFL betting options with BetMGM.

Caesars Sportsbook & ESPN

There is no franchise deal for Caesars in the state yet, but they have a hefty deal with ESPN to provide lines already. Watch this space as things develop.

Maryland's recent legalization of online sports betting is undoubtedly exciting news for sports enthusiasts within the state. However, many may be unfamiliar with the simple procedures required to begin legally placing bets online.

So how does it work? As a Maryland resident, you must be of legal age and located within the state’s borders to access an online sportsbook legally. The user can then go to their desired licensed online sportsbook's website or app to register or sign in to an existing account. The registration process generally includes providing personal information, such as name and address, and may require verification of identification documentation. This enables users to bet securely and ensures they abide by safety regulations.

After creating and verifying the account, users can access various betting options, including live in-game betting. Bettors can place their bets on various sports and events, including football, basketball, baseball, and even international sports like soccer, rugby, and cricket.

In conclusion, those that may have shied away from unlicensed offshore operators now have access to the ease and security of licensed online sportsbooks in Maryland. By following the straightforward registration procedures, sports enthusiasts can place bets confidently on their favorite sports teams and events, and enjoy the fantastic array of options available.

Registration

You will have to register to open a sportsbook account in Maryland but can do so anywhere in the US. However, to make deposits, manage your banking, or place wagers, you must be physically located within the state and over the age of 21.

There are a few things you will need to provide when registering online, and they will include:

1. Personal details such as name and address
2. Security information such as passwords, email and mobile numbers
3. Selecting a depositing method and choosing a welcome offer.

How to Deposit

In line with most other states in the US now, there is no need to register or deposit funds in person at a casino cash cage we are aware. All transactions can currently be undertaken conveniently online.

All you need to do is select the banking option that is the most convenient for you, including credit and debit cards or eWallet solutions like Skrill.

Banking Options for Maryland Sportsbooks

There is a wide range of banking options available to online sports bettors for Maryland sportsbooks

Credit & Debit Cards

While credit cards are widely accepted, we would advise using credit to fund your online gambling, especially if you do not have the funds to make a full repayment within the month. Betting with money you do not have is worse than betting with money you can not afford. Please see our guide to responsible gambling for more information.

Debit cards are a far better option; funds are usually available instantly. Withdrawals will often be processed by the sportsbook within 24 hours using this method, but depending on your bank, it could take up to 5 working days to receive your funds back to your physical account.

For quicker withdrawal methods, read on.

eWallet Solutions

E-Wallets for depositing and withdrawing from your mobile betting account include well-known brands such as PayPal, Neteller, and Skrill. Instant deposits and withdrawals within 24 hours are typical, and in most cases, no fees are to be paid. Double-check if you want to make multiple transactions this way, as fees can be introduced if this method is abused.

Prepaid Cards

Quite often, sportsbooks and casinos offer their own branded pre-paid cards. You can load them up, make deposits and withdrawals with them quickly, and access the cash from ATMs. A superb addition to online money management that works seamlessly with most betting sites in Maryland

ACH Wire Transfer

A bank transfer can be a convenient way to fund your betting account. Do check for fees, however, which may vary by bank, and transactions can sometimes take time to clear on both deposits and withdrawals.

PayNearMe

A barcode scanning scheme where you can deposit cash using relevant retailers such as 7-Eleven

Cash 

If you are close to the casino partnered with your online sportsbook, you can make deposits directly into your account using cash at the cash cage in the casino. Likewise, you'll be able to withdraw in the same manner.

Minimum Deposit & Maximum Withdrawals

All sportsbooks will have a minimum deposit requirement, but they are in the main, around $10, so they are not prohibitive.

Also, be aware when using deposit methods if any negate the qualification of welcome bonuses. Also, check the Wagering requirements of any offer.

Being able to make deposits online also negates the necessity of a visit to a physical sportsbook to make a cash deposit.

What Type Of Wagers Can I Make on Sports Online in Maryland?

There are no restrictions based on the wager type, within reason, that you can make in Maryland.

Without federal laws for sports wagering, states are left to experiment and set their own tax revenue structures. Some states tax sportsbooks as high as 50% and others as low as 6.75%, according to the American Action Forum.

States with authorized sports wagering tend to tax in the 10-15% range, with nuances added from there. Some states deduct promotional bets, while others require disclosure, per Bloomberg Tax.

OLBG looked at how much tax revenue states generated from commercial gambling during 2021 and how that revenue compares to 2020. Data comes from the American Gaming Association and various news media outlets, with the tax total reflecting specific state and local taxes applied directly to gaming revenue. Data does not include billions of dollars paid annually by the industry via income, sales, other corporate taxes, or payroll taxes paid by gaming operators and suppliers. The national list is made up of the top 10 highest-earning states.

Maryland by the numbers

- 2021 tax revenue: $814.4 million
- 2020 tax revenue: $507.8 million
- Year-over-year change: 60.4%

Voters approved sports betting in Maryland in November 2020. State legislators passed bills facilitating wagering in April 2021. The state's first retail sportsbook opened in 2021, with online sportsbooks allowed in November 2022.

There are 60 licenses available for online sportsbooks. That means there should be even more online gaming options and more tax revenue coming to the state over the next few years, according to the Legal Sports Report. The state has a 15% tax rate on sports betting revenue. Maryland also charges licensing fees based on size and offerings.

In seven of the top 10 states nationally, sports gambling is legal in some capacity. Every jurisdiction in the U.S. with commercial casino or sports betting operations reported an increase in gaming revenue between 2020 and 2021; 23 of 43 jurisdictions saw record annual commercial gaming revenue in 2021, according to the AGA.

The biggest gains in gaming revenue alone were documented in Tennessee and Michigan, each of which reported the first full year of sports betting revenue. Eight of the 10 states that gained the most tax revenue from commercial gambling overall in 2021 are located in the East or Midwest.

The Supreme Court in 2018 found the Professional and Amateur Sports Protection Act unconstitutional, effectively eliminating the federal law that had halted authorized sports wagering across the country and leaving it up to individual states to determine rules for sports betting.

Fast-forward to 2021, when commercial gaming revenue in the United States topped $53 billion. Gambling generated nearly $11.7 billion in tax revenue for the 33 states (and Washington D.C.) with some form of legalized sports betting, according to data from the American Gaming Association.

Twenty-four states and Washington, D.C., allow mobile sports betting activity, as of March 2023. Florida took legal online sports bets from November to December 2021, until a federal judge struck down the agreement. The state has halted legal sports gaming for now. Maine, Massachusetts, and Nebraska are some of the states that recently legalized sports betting in some way. Those states are expected to roll out plans, projects, or further regulatory actions in 2023.

Read on to find out the five highest-ranked states that earn the most tax revenue from commercial gaming.

States that earn the most tax revenue from commercial gaming

#1. Pennsylvania: $2.0 billion in tax revenue from commercial gaming in 2021
#2. New York: $1.1 billion in tax revenue from commercial gaming in 2021
#3. Nevada: $1.0 billion in tax revenue from commercial gaming in 2021
#4. Maryland: $814.4 million in tax revenue from commercial gaming in 2021
#5. Ohio: $759.3 million in tax revenue from commercial gaming in 2021