Monday, 14th October 2024

highposition.xyz

Just another WordPress site

Standard

A Maryland iGaming bill seeking to authorize online casinos with interactive slots and table games faces long odds of passing this year.

That’s after the state legislature moved past its “Crossover Day” without acting on the gaming expansion measure.

Crossover Day is the deadline for guaranteeing that a piece of legislation passed in one chamber of the Maryland General Assembly is considered in the other chamber. Crossover Day is three weeks before the legislature adjourns for the year, April 10, 2023.

In January, state Sens. Ron Watson (D-Prince George) and Nancy King (D-Montgomery) introduced Senate Bill 267. Known as the “Internet Gaming Authorization and Implementation Act,” the statute asks state voters if they wish to expand commercial casino gaming to the internet through a ballot referendum.

SB 267 already faced long odds of passing as a legislative-initiated referendum to amend the Maryland Constitution. It requires two-thirds majority support in each chamber of the General Assembly. Should the iGaming bill receive such support, only a simple majority of the ballot vote would be required to legalize internet casinos.

Crossover Day Comes and Goes
SB 267 was assigned to the Maryland Senate Budget and Taxation Committee. The legislation received a first reading in the committee on January 25. But no vote occurred, as SB 257 remains with the committee.

With Crossover Day now past, state lawmakers would need to prioritize the iGaming measure and expedite its discussions. That seems unlikely, as the Assembly has over 100 pieces of legislation crossed over before Monday’s deadline.

Those measures must be considered in the chamber that they were passed to, a hefty workload with less than 20 days remaining before adjournment.

SB 267 sought to create new tax money for state education. Maryland’s casino industry, currently limited to six brick-and-mortar commercial casinos and retail and online sports betting, primarily supports K-12 public education.

The state casinos generated gross gaming revenue north of $2 billion last year. The Maryland Education Trust Fund, which supports early childhood education, public elementary through secondary education, public school construction, and capital improvement projects, collected about $617.1 million in 2022 casino taxes.

Sports Betting Bills Cross Chambers
While iGaming seems unlikely to pass this year in Maryland, state lawmakers did give their blessing to statutes that seek to amend the regulatory sports betting environment in the Old Line State.

Senate Bill 620, introduced by Sen. Shelly Hettleman (D-Baltimore County), seeks to require that any sportsbook partnership struck with a college or university in the state make public the details of the marketing pact. SB 620 passed the Senate unanimously earlier this month and was transferred to the House last week.

Senate Bill 621, introduced by Sen. Craig Zucker (D-Anne Arundel County) and co-sponsored by Hettleman, was also crossed over before the state deadline. SB 621 allows the Maryland Lottery and Gaming Control Agency to audit sports betting handicappers. Handicapping services that lose more than they win would be subject to a state probe and possible revocation of their business license.바카라

Leave a Reply

Your email address will not be published. Required fields are marked *