Maryland lawmakers are once again assessing the possibility of legalizing online casinos, with Senator Ron Watson's SB 885 bill proposing to authorize online casinos and bingo games, regulated by the State Lottery and Gaming Control Agency. The proposal comes at a time when the state faces increasin
Maryland Lottery and Gaming Control Agency (MLGCA) recently officially issued a sports betting license to bet365 at a regulatory hearing, making it the company's 15th operating state in the USA. This decision coincides with the week before the NFL season starts, securing ample time for bet365's mark
The crackdown on online sweepstakes gaming has hit Maryland, where the operator of popular games Chumba Casino and LuckyLand Slots has been asked to exit the state or face potential consequences.The Maryland Lottery and Gaming Control Agency (MLGCA), in a letter sent last week, notified Virtual Gami
Maryland Gov. Wes Moore and key members of the state legislature appear to have struck a budget deal that includes a lower tax hike for online sportsbooks than was originally envisioned.The budget proposal Moore unveiled in January contained a doubling of the state’s tax rate for Maryland sports bet
The Maryland Lottery and Gaming Control Agency has intensified its efforts to prevent unregulated sweepstakes casinos in the state.On March 12, the agency sent a formal cease-and-desist letter to Virtual Gaming Worlds (VGW), a sweepstakes casino operator, alleging that it ran online gaming operation
Growth sectorsOn January 19 Jefferies analyst David Katz wrotehe is “reiterating our bullish stance on DraftKings, Rush Street Interactive, Sportradar, and Gambling.com. We believe that growth in the sector continues with Missouri going live, new states Minnesota/Texas/Georgia/South Carolina/Oklahom
Maryland Gov. Wes Moore (D) sent a jolt through Wall Street today when he proposed steep tax hikes on gambling in the Free State. Taxation of online sports betting revenues would be doubled from 15 percent to 30 percent, while casinos’ table game winnings would be levied at 25 percent rather than th
Maryland Governor Wes Moore has proposed a bold move to double the state’s sports betting tax rate from 15% to 30%, a decision that could impact the burgeoning industry. Unveiled as part of his latest budget plan, the tax increase aims to bring Maryland in line with the higher rates of nearby states
State legislators in Maryland and Virginia are set to consider bills to legalize online casino gambling over the year, marking a potential expansion of the U.S. iGaming market in 2025. Proposals in both states aim to regulate and tax digital gambling platforms while addressing concerns from land-bas
Sweepstakes at G2EIn an October 14 note, Analyst David Katz of Jefferies commented on meetings the company hosted at the recent Global Gaming Expo with more than 20 companies and investors. One takeaway was that change may be coming from an unexpected source.“We were involved in much discussion abou
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