Overview Of The Rising Betting Industry In Maryland
It’s already been three months since Maryland launched sports betting, which has been an immediate success in the state.
After a long push by state officials, Maryland finally launched both in-person and mobile/online sports betting. Last month, the Maryland Lottery announced that the state had taken in a whopping $441.5 million in sports bets.
And to think that sports betting launched in the midst of the Baltimore Ravens’ 2022 regular season, in the final weeks of the NCAA football season and months before the Baltimore Orioles kick off their 2023 MLB regular season. Without a doubt, sports betting wagers and total revenue will continue to increase significantly from here.
Customers in “The Old Line State” who are interested in betting should note that the PointsBet Maryland promo code is live now, where new users can five “second chance” bets worth up to $50 each.
Some of the top promotions from the PointsBet Maryland sportsbook include NBA live “Same-Game” parlay bets, parlay boosters, odds boosts and “Refer-A Friend”, where you’ll get a monetary bonus if you get a companion to sign up.
Sports betting has taken off in the United States ever since the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA), which banned sports betting from taking place in most parts of the country.
The Supreme Court determined that the PASPA was a violation of the nation’s Tenth Amendment in May 2018. Fast forward nearly five full years later, and more than 30 U.S. states have since legalized a form of sports betting.
With sports betting taking off here in Maryland, let’s dive into some of the more popular technologies and sportsbooks for bettors in the state.
Mobile Apps
In-person casinos are highly popular for people who are looking to get away and socialize for a few hours. It’s no wonder that places like Las Vegas attract millions of tourists every year, largely thanks to their array of different casinos across the city’s strip.
But some travelers and casual sports bettors will often find themselves in a time crunch and thus unable to get away to an in-person casino for slots, poker, blackjack and all the other favorites.
Fortunately, today’s technology — particularly computers and cell phones — make everyday life so much easier. By downloading sportsbook apps like FanDuel, Caesars, BetMGM, DraftKings and PointsBet, you can enjoy a near-real-life experience at a casino through your mobile devices.
This is because these top sportsbooks allow you to play hundreds of different slots, poker, blackjack, roulette, baccarat and so much more. Some of these apps even have a “live dealer” option that gives you a very realistic in-person casino experience.
GeoComply
All the licensed sportsbooks have special security measures to ensure that your personal and bank information are all protected from hackers.
The usage of GeoComply technology has been a popular trend over in the state of Maryland. Because betting is only legalized in some U.S. states, programs like GeoComply are used to confirm a person’s location.
For instance, some sportsbooks will have you download GeoComply for extra security measures to help fight against fraud. GeoComply will also help the sportsbooks ensure that wagers are only being placed in states where it’s legal to bet there.
Teams To Bet On In Maryland/Types Of Bets
The state of Maryland is home to the NFL’s Ravens and MLB’s Orioles. Though they’re marketed in Washington, the NFL’s Washington Commanders actually play their home games at FedExField in Landover — about 33 miles from Baltimore.
But residents of Maryland can also bet on the Commanders as well as the NHL’s Washington Capitals, the NBA’s Washington Wizards and the 2019 World Series Champion Washington Nationals of Major League Baseball.
There are many beloved NCAA teams to place wagers on in the state of Maryland, including the Maryland Terrapins’ football and basketball teams, the Navy Midshipmen football team and the Loyola Greyhounds’ basketball clubs.
Regarding the different types of wagers? You can do a parlay in which you place multiple wagers, and if you get them all right, your payout will be considerably higher compared to a standard one-game/event wager.
Customers can also place “futures” wagers, where you can bet on things such as a league champion, who will win certain awards, who will lead a league in certain categories and more.
Over/under totals, moneylines and point spreads are some of the other highly popular types of wagers that bettors use.
