"This is us making sure that we recognize them as institutions and plant that seed for the workforce that's going to be established going forward," McCray told DCist/WAMU. Senate Corey McCray (D-Baltimore City), vice chair of the Senate's budget and tax committee, said the state is partnering with the two universities to assure that the sports betting industry is diverse. The institutions will be responsible for studying the participation of minority- and women-owned businesses. The legislation also says that two of the state's historically Black institutions, Morgan and Bowie State universities, will receive $1.5 million each to establish a center for the study of data analytics and sports gaming.
#Playlist from npr echoes last night license
Up to 60 companies will be able to get a mobile license for online betting. There would also be 30 licenses issued for restaurants, bars, small race tracks, and other businesses for on-site betting. In a compromise between House and Senate lawmakers, the state is expected to issue 10 sports betting licenses to the state's larger casinos like MGM Grand in National Harbor, the Laurel Horse Racing track, large bingo facilities, and sports teams like the Ravens and Orioles. A competitive market is more appealing to bettors, which in turn makes the industry a reliable revenue producer for the state." "The best predictor of a successful market has been whether it is designed to foster competition among numerous operators, which Maryland has done. "Maryland will be an attractive market for operators in large part because regulators have embraced an open market," Eric Ramsey, an analyst for network which includes, said in a statement. It goes into effect June 1.Įxperts with PlayMaryland, a research and analytic firm that tracks online gaming among states, say it could generate an estimated $35 million a year in tax revenues for the state.
Larry Hogan includes a number of provisions advocates say will allow small, local and minority-owned businesses to get a piece of what's expected to be a $17 million-a-year industry. And in that, they say they've learned lessons from another revenue source: marijuana. With legal sports betting going into effect June 1, state officials aren't only focused on how much money the new industry will bring in - but also who gets to make money from it. Maryland joined Virginia and the District in legalizing sports betting.
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