Maryland online sports betting is here, and we’ve got the inside scoop on where to bet on sports online in Maryland.
The wait is finally over. If you were among the many Maryland residents eager to cash in on a last-second Justin Tucker field goal or a Lamar Jackson prop at the beginning of the season, then you now have your chance. Maryland online sports betting has arrived.
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When Did Maryland Sports Betting Go Live?
So, with regard to sports betting in Maryland, there’s been enough red tape to wrap around Fort McHenry 100 times. The process has been like watching a review of a pass interference call. But, it has finally come to an end.
On. Nov. 4, the application commission, also known as the Sports Wagering Application Review Commission (SWARC), decided not to act on licensing applications from five casinos that have already been approved to partner with sportsbook operators.
Governor Larry Hogan publicly expressed his frustration with the delays in the process. After all, Maryland voters approved a referendum during the Nov. 2020 election. The sports betting bill was subsequently passed in the spring of 2021. It’s, you know, 2022 now.
After many months of twists and turns, Maryland online sports betting finally launched on November 23, 2022. The aim was always to have sports wagering live by the Super Bowl at the very latest. Thankfully, Maryland didn’t have to wait that long!
What Are the Best Maryland Sportsbooks?
As we previously mentioned, there are five sportsbook operators who have partnered with brick-and-mortar casinos. Clearly, those five have the inside track on getting market share within the state. The partnerships are as follows:
However, this is not the complete list of online sportsbooks that will be available in Maryland. In fact, the state is offering an astounding 60 gaming licenses.
Will they all be available right off the bat? No. But the good news is there will be plenty of competition for your gambling dollars. This will lead to enhanced competition and some tasty offers for new customers like risk-free bets, deposit matches, and more.
Don’t Forget About One of the Biggest Names in the Business
There is one big name not in list of partnerships above – DraftKings. If you’re going to add a sportsbook operator that will undoubtedly be part of the Maryland betting scene, it would be this nationally recognized brand.
DraftKings is well known by daily fantasy sports players throughout Maryland. The online sportsbook is already approved in many other states and battling FanDuel for the lead in market share.
A DraftKings partnership may very well be in the works as there are a total of 17 potential locations for in-person sports betting. Including Maryland’s existing casinos and horse racing facilities.
If you already use their app for daily fantasy sports and want to have the same company for sports wagering, don’t fret. There is little doubt that DraftKings will be among the top 10 Maryland sportsbooks.
Who’s Leading in Online Sports Betting Market Share?
If you’re curious about overall market share, consider a recent industry report from Bank of America. When looking at data from iOS users for the month of September, Bank of America’s Shaun Kelley noted that DraftKings remained the leader, followed by FanDuel, MGM and Caesars. Here are the market share figures:
|Online Sportsbook Brand||Market Share|
BetMGM and Caesars have both made strides while DraftKings and FanDuel continue to do battle at the top. When looking at overall online sports betting app downloads, there were 1.8 million in September alone, up nearly 200% from 2020.
What Might Be Some of The Other Top Maryland Sportsbooks?
Predicting the contenders to round out the top 10 is more of a challenge but there are many possibilities. The following brands are booming in gambling markets across the country and want to expand into Maryland:
- Golden Nugget
If you believe that variety is truly the spice of life, you will enjoy the fact that there will be a wealth of options for Maryland sports bettors.
Picking the Right Maryland Sportsbook for You
If you want to go with a leader – both in market share and experience – FanDuel is a smart choice. In fact, this brand recently updated its platform to be even more responsive than before. This makes a noticeable difference when placing those time-sensitive live bets. Sportsbook apps with excessive lag time will cause you frustration if you enjoy live Maryland online sports betting.
On the other hand, you may already have a rewards account with one of the major casino operators. If that’s the case, you may want to consider BetMGM or the Caesars app. Both are already available to test-run in Maryland.
Why You Shouldn’t Use JUST One Maryland Sportsbook
But really, why would you stick with only one platform? You are not limited to a single offering. It’s smart to sign up for several to take advantage of all the new customer bonuses.
Another consideration is getting the best betting odds. While you’ll likely find that odds are fairly consistent across the board, there are fluctuations. That half a point can make all the difference in winning and losing.
If you’re trying to decide where to start, FanDuel and DraftKings have been the most prominent of American sportsbook operators and offer an enjoyable experience but other top names like BetMGM and Caesars are coming down the home stretch in hot pursuit.
Maryland online sports betting enthusiasts should know that your time has come. You can finally take part…and take on the world. Maryland will be one of the most diversified sports betting markets in the country.