SuperBook Adds Maryland to Its List as the Maryland Sports Wagering Application Review Commission Awards the Platform a Mobile Sports Betting License
The Maryland Sports Wagering Application Review Commission has been busy since its online launch began on the Thanksgiving weekend of 2022. The commission met on Wednesday for the first time since February, and they awarded another sportsbook a mobile sports betting license.
SuperBook Jumps on the Opportunity to Join the Growing Market
Despite the news of lawmakers trying to dismantle the chance of any sportsbook operator to partner with a university, the sports betting market is certainly growing in the Old Line State. Some lawmakers want these ads to not appear on campuses because there is a whole group of students under the age of 21.
PointsBet and the University of Maryland do not offer signup incentives as part of an existing partnership. Maryland will become the first state to take such action if everything goes according to plan.
SuperBook will become just the ninth digital bookmaker to go live in the state, but there is still room for the market to grow exponentially. According to the jurisdiction and the bill signed into law, there are up to 60 potential online skins available in the Old Line State.
During the month of March, the sportsbook operators combined to accumulate $370.3 million in wagers during the month as March Madness played an immense role in Maryland and the other states in the industry. From the $35.4 million in adjusted revenue, the state collected $5.4 million in tax receipts.
What Sportsbooks Are Available in Maryland?
The nine that are available to the public are Barstool, Betfred, BetMGM, BetRivers, Caesars DraftKings, FanDuel, and PointsBet. Several other online sportsbooks are awaiting launch, including the license awarded to Veterans Service Corporation. A sportsbook agreement was entered into by the VSC and Bee-Fee Limited.
Crab Sports Maryland qualifies Gaming Innovation Group as a sportsbook operator. Additionally, BallyBet and WynnBet qualify for licenses. In the retail sports betting side of the business, 10 locations are open to the public as it was the only option for the first two years.
SuperBook will need to start pudding marketing and other campaigns in the growing market and have a solid track record in terms of gaining market share. The company currently operates in Arizona, Colorado, Iowa, Nevada, Ohio, New Jersey, and Tennessee.
The company is also expanding its target demographic in the MLB with the SuperBook Sports Lounge at Camden Yards where the Baltimore Orioles play. The lounge doesn’t accept any wagers, but it’s a unique experience for fans attending the venue.
At the time, it’s uncertain when the lounge will start to take bets, as the plans aren’t ruled out. However, the brand is certainly extending its reach as expected.
Everything is Going Well in Maryland
Maryland’s sports betting market has certainly taken off, but neighboring Washington, DC, has struggled to gain any momentum with GambetDC in the District. The platform has dealt with various issues like shutdowns for IOS users during last year’s Super Bowl.
Many people in the area had to go near a venue with a sportsbook in order to place wagers. Bettors in Maryland have the option to place at brick-and-mortar facilities or online.
