{"id":270,"date":"2021-05-20T19:20:46","date_gmt":"2021-05-20T16:20:46","guid":{"rendered":"https:\/\/xxbet-company.com\/maryland-gov-larry-hogan-signs-sports-betting-bill-ravens-and-betmgm-partner\/"},"modified":"2021-05-20T19:20:46","modified_gmt":"2021-05-20T16:20:46","slug":"maryland-gov-larry-hogan-signs-sports-betting-bill-ravens-and-betmgm-partner","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/ja\/maryland-gov-larry-hogan-signs-sports-betting-bill-ravens-and-betmgm-partner\/","title":{"rendered":"Maryland Gov. Larry Hogan Signs Sports Betting Bill, Ravens and BetMGM Partner"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/ja\/maryland-gov-larry-hogan-signs-sports-betting-bill-ravens-and-betmgm-partner\/#Sports_Betting_Benefit\" title=\"Sports Betting Benefit\">Sports Betting Benefit<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/ja\/maryland-gov-larry-hogan-signs-sports-betting-bill-ravens-and-betmgm-partner\/#Ravens_BetMGM_Partner\" title=\"Ravens, BetMGM Partner\">Ravens, BetMGM Partner<\/a><\/li><\/ul><\/nav><\/div>\n<p>Maryland is the latest state to formally sign sports betting into law. Gov. Larry Hogan (R) signed HB940 on Monday. The bill legalizes sports betting in Maryland.<\/p>\n<figure aria-describedby=\"caption-attachment-174032\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"size-full wp-image-174032 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-142x95.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-142x95.jpg?x38396\" alt=\"Maryland sports betting Baltimore Ravens\" width=\"1200\" height=\"801\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-1024x684.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-768x513.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"size-full wp-image-174032\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2.jpg?x38396\" alt=\"Maryland sports betting Baltimore Ravens\" width=\"1200\" height=\"801\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-1024x684.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-768x513.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/E1se6IFUcAAiacc.jpg-large-2-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">Maryland Gov. Larry Hogan signs sports betting into law. The state will allow various interests to participate, including casinos, horse racetracks, and professional sports stadiums. (Image: Governor Larry Hogan\/Twitter)<\/figcaption><\/figure>\n<p>The sports betting bill is massive, as it creates more potential sportsbook licenses than any other state to date. HB940 allows the state\u2019s six commercial casinos, professional sports stadiums, horse racetracks, and other businesses to apply for sports betting rights. Permits for mobile sportsbooks are also included.<\/p>\n<p>In total, as many as 90 sports betting licenses could be issued.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Maryland voters last November passed a ballot referendum with 67 percent support to amend the state constitution to allow sports betting. The legislature\u2019s subsequent bill authorizes the formation of a commission that will review applications and issue sports betting licenses.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sports_Betting_Benefit\"><\/span><b>Sports Betting Benefit<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gross gaming revenue (GGR) from sports betting will be subject to a 15 percent tax on retail and mobile wagering. Such tax revenue will go toward public education.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>It\u2019s estimated that legal sports betting will generate $17 million annually once the young market matures. Hogan has long championed using <a href=\"https:\/\/www.casino.org\/news\/april-maryland-gaming-industrys-third-best-revenue-month-ever\/\" rel=\"nofollow noopener\" target=\"_blank\">casino tax money<\/a> to prop up state education.<\/p>\n<blockquote class=\"main-blockquote\">\n<p><strong>We are already funding our K-12 schools at record levels, and this is another way to ensure that is the case for years to come,\u201d<\/strong> Hogan said last October ahead of the sports betting referendum.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<\/blockquote>\n<p>The second-term governor says sports betting will be another revenue resource for public education that does not raise taxes on families or businesses.<\/p>\n<p>Sports betting for businesses could also be a way to help their bottom lines. HB940 allows businesses with fewer than 25 employees and less than $3 million in annual sales to participate in sports betting.<\/p>\n<p>While casinos, racetracks, and stadiums will need to pay $3 million for their sports betting rights, such small businesses will be able to get in for as little as $50,000. Those entities would need to partner with a third-party operator like DraftKings \u2014 which would pay a heftier $500,000 upfront fee \u2014 to place sports betting kiosks in their places of business. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ravens_BetMGM_Partner\"><\/span><b>Ravens, BetMGM Partner<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Baltimore Ravens didn\u2019t waste any time in announcing their first sports betting deal. The NFL franchise revealed today that it has entered into a partnership with BetMGM to make the interactive gaming provider the team\u2019s first \u201cOfficial Gaming Partner.\u201d<\/p>\n<div class=\"callout\">\n<p>BetMGM will have a private hospitality suite inside M&#038;T Bank Stadium, and its app in Maryland will be allowed to use the Ravens brand and likeness. The MGM Resorts-owned iGaming platform can additionally use Ravens logos in its advertising campaigns.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<\/div>\n<p>The Maryland Stadium Authority (MSA) \u2014 the landlord for the Ravens and MLB Orioles\u2019 Camden Yards \u2014 lobbied state officials for inclusion in sports betting. The MSA successfully petitioned to not only allow its venues to incorporate sportsbooks into their venues, but to allow them to operate when their home teams aren\u2019t playing, and also partner with online sportsbooks.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/maryland-hogan-signs-sports-betting-bill-ravens-betmgm-partner\/\" target=\"_blank\">Maryland Gov. Larry Hogan Signs Sports Betting Bill, Ravens and BetMGM Partner<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Maryland is the latest state to formally sign sports betting into law. Gov. Larry Hogan (R) signed HB940 on Monday. The bill legalizes sports betting in Maryland. Maryland Gov. Larry Hogan signs sports betting into law. The state will allow various interests to participate, including casinos, horse racetracks, and professional sports stadiums. (Image: Governor Larry Hogan\/Twitter) The sports betting bill is massive, as it creates more potential sportsbook licenses than any other state to date. HB940 allows the state\u2019s six commercial casinos, professional sports stadiums, horse racetracks, and other businesses to apply for sports betting rights. Permits for mobile sportsbooks are also included. In total, as many as 90 sports <a href=\"https:\/\/xxbet-company.com\/ja\/maryland-gov-larry-hogan-signs-sports-betting-bill-ravens-and-betmgm-partner\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/270"}],"collection":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/comments?post=270"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media\/271"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media?parent=270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/categories?post=270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/tags?post=270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}