<------
1-14-22 to 3-8-22 <------
-- October 21 - 1-14-22 <---------
Orioles Bud april 2020 to Sept 2020
“Nationals October 2019

Analysis: What is the Blueprint for Maryland’s Future?

| November 19, 2022, 09:43 AM

Analysis: What is the Blueprint for Maryland’s Future?Maryland sports fans, and the state’s education system, may be feeling extra gracious this coming Thanksgiving after a long wait finally comes to an end. Online Maryland sports betting is set to launch before sports fans sit down for turkey on Thursday.

After fighting to get the legalization of sports betting on the ballot in 2020, voters passed a referendum last year to legalize sports betting in the “Free State.” The liberty to bet, however, has only been able to be practiced in brick-and-mortar casinos as the convenience of betting online has taken longer to implement.

The Maryland Sports Wagering Application Commission held a meeting this last week that awarded 10 licenses and, after a demonstration period the following Monday, it’s likely that sports betting apps are up and running for the Thanksgiving NFL games. It’s a long awaited launch.

How big of a game-changer is it? John Martin, director of the Maryland Lottery told FOX 5 that mobile sports betting could generate $25-$30 million in tax revenue in its first year.

Where is Tax Revenue from Maryland Sports Betting Going?

The “Blueprint for Maryland’s Future,” the name of the bill passed by voters, includes comprehensive changes to Maryland’s early childhood and public schools. According to the Maryland State Department of Education, the bill is projected to increase education funding by $3.8 billion each year over the next 10 years and fund programs that “aims to eradicate achievement gaps and ensures opportunity for every student, regardless of family income, race, ethnicity, and/or ability.”

The Blueprint is divided five distinct policy areas (pillars):

  • Early Childhood Education
  • High Quality and Diverse Teachers and Leaders
  • College and Career Readiness
  • More Resources to Ensure that All Students are Successful
  • Governance and Accountability

Brick-and-mortar sports wagering in Maryland totaled $31.4 million this past September, contributing about $1 million to a state public education fund according to The Washington Post. The state is expected to generate that and more once the general public has the ability to bet, literally, at their fingertips.

Leveling the Playing Field

Maryland wants to practice what it is preaching by not only aiming for equality in the classroom but also on the business front. That is what has held the rollout process of online Maryland sports betting.

The Washington Post reports that “the state conducted a disparity study that reviewed whether minority- and women-owned firms faced discrimination in sports gambling” during the awarding of its betting licenses. That study was completed in mid-August but the findings were “too new to determine if those businesses historically faced a disadvantage.”

Ultimately, the biggest hurdle in the way of online sports betting has been cleared. As more money begins to flow, the education system will start to reap the rewards and the Blueprint that was proposed and voted on by the public.

Maryland’s sportsbooks have profited more than $30 million since in-person sports wagering launched last December, according to The Baltimore Sun. There is a 15% state tax on sports betting proceeds and the state has already received about $5.4 million.

Maryland Sports Betting Bonus Offers – Available Now

Even before the mobile launch in the coming days, sports fans can claim a variety of free bet offers. The free bets can be cashed in to bet on the Ravens, the World Cup, or any other sport available over the coming weeks.

Maryland SportsbookBonus OfferPromo Code
🦀 DraftKings Maryland🏆 Bet $5, Get $200 in Free Bets Instantly 🎯 Click to sign up - no promo code needed
🦀 Caesars Maryland🏆 Up To $1,500 Back at Caesars or $100 in Free Bets🎯 Use Caesars MD Promo Code SHARPBETPICS
🦀 BetMGM Maryland🏆 $1,000 First Bet Insurance🎯 Use BetMGM MD Promo Code SHARP
🦀 FanDuel Maryland🏆 Bet $5, Get $200 in Free Bets🎯 Click to sign up - no promo code needed
🦀 PointsBet Maryland🏆 Get 2 Free Bets up to $2,000🎯 Use PointsBet MD Promo Code BESTOFFER
🦀 BetRivers Maryland🏆 Second Chance Bet Up to $500🎯 Use BetRivers MD Promo Code SHARPRIV

Category: NEWS

About the Author - Cole Rush

Cole Rush writes words. A lot of them. Most of those words can be found at online gambling publications such as iGaming Business, Gaming Today, Forbes Betting, Maryland Sharp, and Bonus.com. Cole also covers pop culture for The Quill To Live and Tor.com. You can find all of his work at ColeRush.com.

Connect with the Author

Author's Website rss feed

Comments are closed.