Maryland could be on course to legalize online gaming sometime in 2024
Maryland State Senator Ron Watson has introduced a bill that would drastically change the gambling landscape, proposing legal online casino gaming and multi-state poker. The bill is still in the draft stage and has gained substantial attention from stakeholders and gaming fans alike.
If the bill passes, it will implement a 46.5% tax rate on online casino gaming revenue, as opposed to the 25% rate suggested in a previous version. The legislation seeks to generate substantial revenue for the state while presenting opportunities for competitive online gaming.
Maryland’s six retail casinos would be allowed to partner with up to two online casino operators under the proposed bill, which could expand their reach and draw a broader player base. Operators must also pay a $1 million licensing fee every four years.
In a significant step forward, the bill also allows Maryland to enter the Multi-State Internet Gaming Agreement (MSIGA), a group of states that allow online poker while sharing player pools across state lines. The MSIGA presently includes Delaware, Michigan, Nevada, New Jersey and West Virginia. Maryland residents could play in multi-state poker tournaments and connect with other players around the country.
Legalizing online casino gaming and multi-state poker in Maryland carries enormous potential to boost the state’s economy while creating new employment opportunities and drawing more tourism. Residents would also enjoy more options for both online and retail gaming.
Before the bill becomes law, it must be carefully reviewed by state legislators and be discussed at public hearings to address any concerns or possible amendments. The tax rate will likely be a big point of discussion, as many contend that it could dissuade potential operators from joining the Maryland gaming market.
