DraftKings Maryland is the newest sportsbook to be approved for a Retail Sports Betting License by the Maryland State Lottery & Gaming Control Agency.
Crown Maryland Gaming LLC and DraftKings received a Sports Wagering Facility Operator License. They will operate a retail sportsbook at Timonium Racetrack under the grandstands of the facility. The location is next to the county fairgrounds.
Before being granted the license, DraftKings agreed to a 10-year deal to share the cost of adding a sports wagering facility and renovating the racetrack. The deal also allows DraftKings to have branding and naming rights.
DraftKings is one of the biggest sports betting companies in the country so it seemed like a matter of time before it would open a retail location. DraftKings currently has retail sportsbooks in 18 states.
Despite concerns over the financial losses that DraftKings has suffered, the commission approved the license by a 6-0 vote. One person did not vote. The deal with Timonium Racetrack makes it DraftKings’ second official partner in Maryland.
In 2021, DraftKings signed a partnership deal with the Baltimore Ravens to become the Official Daily Fantasy Sports Partner and an Official Sports Betting and Free-to-Play Partner of the team.
There are still a few steps to be taken before an opening date can be set for the new sportsbook.
Maryland Online Sports Betting Update
Retail sports betting launched at the end of 2021 but for the state of Maryland launching online sports betting has been a very slow process and unfortunately, it’s going to take even longer.
While the original hope of having mobile sports betting by the start of the 2022 NFL season won’t happen, it is a process that is inching closer to being complete.
Last week the approved regulations published by the Maryland Sports Wagering Application Review Commission were included in the Aug. 26 edition of the Maryland Register. The publication begins a 30-day comment period for the public.
The publication was part of the final steps that SWARC must complete for their application process to proceed.
SWARC still must receive the sports wagering industry analysis and have the Maryland Attorney General conduct the necessary legal review. Once SWARC gets through the last few hurdles it still could be a while before the application process opens up for the competitive sports wagering licenses.
The new targeted launch date is the 2023 Super Bowl but Maryland Lottery & Gaming has yet to fully commit to that date with the always-changing landscape of the industry.
When mobile sports betting does launch, DraftKings will likely be one of the first apps up and running.
When the DraftKings retail location does open it will join a growing list of in-person sports betting options.
- FanDuel Sportsbook (Live! Casino & Hotel)
- Caesars Sportsbook (Horseshoe Casino Baltimore)
- BetMGM (MGM National Harbor)
- Barstool Sports (Hollywood Casino)
- TwinSpires (Ocean Downs Casino)
- BetRivers (Bingo World)
In addition to those sportsbooks that have opened, there is also PointsBet, which partnered with Riverboat on the Potomac, that has yet to launch. Fanatics was also granted a license in June but has yet to announce a physical location.