Maryland bill expands sports wagering to off-track betting facilities statewide

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The FRD Committee Session held on February 7, 2025, focused on a proposed statewide bill concerning off-track betting (OTB) facilities in Maryland. The meeting began with a discussion on the success of similar initiatives in states like Kentucky, where the OTB industry has generated approximately $9.8 billion and contributed $114 million to the state’s revenue.

Committee members clarified that the bill is statewide and does not specifically mention Frederick County, although it does include one OTB facility located there. The bill aims to enhance competition and provide more gaming options for clients at OTBs, which are distinct from casinos.
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During the session, it was noted that Maryland has four OTBs, including those in Boonsboro, Howard County, and Hampstead. The legislation is designed to allow these facilities to participate in expanded gaming opportunities, thereby strengthening the overall marketplace.

The bill falls under the sports wagering section of Maryland's code, which outlines the licensing process for sports wagering facilities and access to historic horse racing. Delegate Buckle is the lead sponsor of the bill, which was introduced for further consideration.

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The meeting concluded with an acknowledgment of the bill's potential impact on local economies and the gaming landscape in Maryland, setting the stage for future discussions and evaluations.

Converted from FRD Committee Session, 2/7/2025 #1 meeting on February 07, 2025
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