Betr Awarded Maryland Online Sports Betting License; Launch Date To Be Determined
Regulation · 2024-06-26

Betr Awarded Maryland Online Sports Betting License; Launch Date To Be Determined

Betr was awarded a Maryland online sports betting license Wednesday by the Maryland Sports Wagering Application Review Commission, moving the betting app close to an official launch in Maryland. Betr still needs to go through a controlled demonstration with the Maryland Lottery before officially going live in the state.

The sports betting app, which was founded by Jake Paul and Joey Levy, is currently operational in Ohio and Virginia. Betr was operational in Massachusetts but left the market due to economic reasons. Betr’s projected Maryland launch date is yet to be announced.

Betr will enter Maryland’s market as Betfred gets set to exit. It was announced last week that Betfred will depart Maryland’s sports betting market by the end of July. The operator failed to generate significant market share in Maryland, attracting less than $1 million worth of bets in May.

In addition to Betr, Veterans Services Corporation (VSC) plans to launch its online sportsbook in Maryland on July 1. Bally Bet is also expected to enter Maryland in July, although an official launch date has yet to be shared.

Betr and other new entrants will have their work cut out for them as they attempt to gain traction in a state dominated by FanDuel and DraftKings.

Both FanDuel ($195.2 million) and DraftKings ($137.4 million) reported a mobile handle of more than $135 million in May. No other Maryland sports betting app reported a mobile handle over $35 million. Betfred, betPARX, Crab Sports, and SuperBook Sports all posted online handles below $1 million.

Betr hopes its product geared toward live betting could captivate Maryland bettors, although it’s expected to fall toward the bottom of operators in terms of market share once it enters Maryland.

“It’s been interesting to watch this industry evolve,” SWARC Chairman Thomas Brandt said at Wednesday’s meeting. “Of course, there are the two big kahunas, as we sort of anticipated, but these guys seem to have identified a niche they want to try to exploit.”

熱門文章
橫跨全球6個城市,灰度8場派對邀你共看世界盃,重塑高質量社交新場景
灰度頭條
菲律賓博彩技術賽道迎來新變局,B2B 供應模式加速滲透
東南亞資訊
英國確認各垂直行業的賭博稅稅率
合規與政策
哈薩克計劃對線上賭場促銷活動進行處罰
合規與政策
西班牙監管機構警告在線賭博平臺存在身份盜竊行為
合規與政策
印第安納州在線賭場法案在眾議院委員會停滯不前
合規與政策
新澤西州7月博彩收入創6.06億美元新高,頒布禁令
合規與政策
巴西擬將博弈稅率提高至24% 稅收將用於社保與醫療領域
合規與政策
2027 Global Game Connect(GGC)斯里蘭卡招商全面啟動!業務人脈盡在掌握!
灰度頭條
亞洲遊戲市場觀察:15大市場熱門遊戲與用戶趨勢
網路遊戲
越南博彩管控逐步放寬,惟本土需求仍顯乏力
東南亞資訊
超級PAC籌資4800萬美元:體育博彩勢力加碼
合規與政策
越南在線博彩業政策收緊 催生市場新機遇
東南亞資訊
印度最高法院受理公益訴訟,要求全國禁封「偽裝」成社交遊戲的賭博平台
合規與政策
斯里蘭卡博弈產業大轉型,官方:劍指南亞拉斯維加斯
合規與政策
首頁
遊戲
合作
發現
我的