Maryland will serve as host to the first Fanatics Sportsbook when the company opens a retail sports betting location at FedEx Field later this month. As a result, Maryland sports bettors will be the first to be able to place bets with Fanatics in the United States.
Fanatics Sportsbook at FedEx Field will debut on Friday, Jan. 20, making it the first retail sports betting operation inside an NFL stadium. Betting will begin at the location at 10 a.m. ET on that date, following testing between Jan. 12-17 to satisfy state regulations.
Fanatics Sportsbook will offer odds on the NFL, NHL, NBA, MLB, and many other sporting events. This first-of-its-kind retail sportsbook in an NFL venue will open in time for the second weekend of NFL Playoffs, and the subsequent Super Bowl. Bettors must be 21 years of age to place wagers.
Fanatics: “We’ll be in Every Major State”
Fanatics began as a manufacturer and retailer of licensed sports apparel but has evolved into a global sports brand. It has long been rumored to be eying the sports betting market, which has exploded following a landmark ruling by the U.S. Supreme Court in 2018 that cleared the way for states to legalize the activity.
“We’ll be in every major state, other than New York, where you can’t make money, by next football season,” Chief Executive Officer Michael G. Rubin Rubin said last October.
Fanatics announced via its social media accounts on Thursday that it will hold a grand opening and first bet ceremony at the retail sportsbook inside FedEx Field on Jan. 20. According to the company, Fanatics Sportsbook at FedEx Field will be accessible via an entrance at Gate H, or via a door in the Commanders team store. Hours will be 10 a.m. to 12 a.m., seven days a week.
Due to the large interest in professional football by bettors, markets and sports betting operators typically attempt to launch prior to the NFL and college seasons, or the playoffs and Super Bowl. January marks the second full month of legal sports betting for Maryland. Super Bowl 57 will be the first that Maryland sports fans can wager on with land-based, legal sports betting operators. Fanatics will be the eighth sportsbook to enter the market in the Old Line State.
Initially, Fanatics will only be available via the FedEx Field location, home of the Washington Commanders. An online Fanatics sportsbook app is planned for later in 2023. We’ll have information when that mobile app is available for download.
Fanatics has reportedly achieved licensing in several other states, for online and/or retail sports betting operations. The company has indicated a goal of launching into multiple markets in the first quarter of 2023.
Maryland Sports Betting Totaled $497 Million in Bets in December
Maryland online sports betting launched in November. In December 2022, the total sports betting handle, or bets accepted, totaled $478.3 million by online sportsbooks. The state also reported $18.8 million in retail sports betting total handle, bringing the figure for total handle from all legal sports betting to $497.1 million in December.
FanDuel, with $236 million, led the way in total handle in Maryland’s first full month of betting. DraftKings ($157 million), and BetMGM ($42 million) followed for highest in bets accepted.
When combined with its nine days of operation in November 2022, Maryland sportsbooks have a total handle of more than half a billion.
The state of Maryland has nine retail sportsbook locations, including the Fanatics retail spot at FedEx Field. They include MGM National Harbor, Live! Casino & Hotel, Horseshoe Casino, Ocean Downs Casino, Hollywood Casino, Bingo World, Greenmount OTB, and Riverboat on the Potomac.
These other sports betting operators have been approved for s license by the Maryland State Lottery & Gaming Control Agency, but have yet to enter the market: BetFred, BetParx, Bally Bet, and WynnBet.