The Maryland Lottery granted Fanatics preliminary approval for a sports betting facility operator license last week. The site of the retail betting facility has not yet been disclosed, but this development continues Fanatics’ recent drive into the sports betting market.

The Company Acquired A Sports Betting License

Thursday, the Maryland Lottery granted Fanatics preliminary approval for a sports betting facility operator license. The site of the retail betting facility has not yet been disclosed, but this development continues Fanatics’ recent drive into the sports betting market.

Fanatics still need clearance from the Maryland Sports Wagering Application Review Commission before it can establish a retail sportsbook in Maryland, but Thursday was a step in the right way for the company’s goals. If issued a license by the SWARC, Fanatics would become the tenth organization in Maryland to earn a sports wagering facility license.

Five casinos introduced retail sports betting outlets late last year: Hollywood Casino Perryville (Barstool Sportsbook), MGM National Harbor (BetMGM), Horseshoe Casino Baltimore (Caesars), Live! Casino (FanDuel), and Ocean Downs Casino (TwinSpires). Four further organizations, Riverboat-on-the-Potomac (PointsBet), Greenmount Off-Track Betting, Long Shot, and Bingo World (BetRivers), have acquired licenses from the SWARC but have yet to operate retail sportsbooks.

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Mobile Gambling Arriving Soon

Mobile sports betting is seldom discussed in Maryland Lottery meetings, and it wasn’t the main topic of conversation on Thursday, but there should be movement toward the launch of mobile betting platforms in the coming weeks.

Recently, Governor Larry Hogan issued a letter to the SWARC, lamenting the lack of urgency in assisting cell carriers to build platforms in Maryland. In its most recent meeting, the SWARC reacted with a set of tangible actions to move as quickly as possible toward a mobile launch while adhering to Maryland law.

The SWARC is scheduled to meet on Wednesday to examine drafts of preliminary mobile sports betting laws and applications. This is a step toward the introduction of mobile wagering, but the precise timing of such a launch remains uncertain.

SWARC has not yet specified a clear roadmap or schedule for the deployment of mobile sports betting, despite the fact that a great deal of work is apparently in process. Hogan said that it is unconscionable that the situation persists more than a year after the bill was passed into law.

Gov. Hogan wants legal mobile betting platforms to be operational by the start of the 2022 NFL season, which begins in early September. Given the present scenario, this schedule is ambitious, but a debut during the 2022 NFL season looks plausible.