In recent developments, the Maryland Lottery and Gaming Control Commission has granted a mobile sports wagering license to SuperBook, marking the entry of the ninth mobile sportsbook operator into the Maryland market. Meanwhile, Gaming Innovation Group (GiG) has secured licenses in both Maryland and Pennsylvania, paving the way for its expansion in the US gaming industry.
SuperBook’s Entry into Maryland
SuperBook, also known as SBOpco, has been granted a mobile sports wagering license by the Maryland Lottery and Gaming Control Commission. This development is significant as it adds to the growing list of mobile sportsbook operators in the state.
Maryland’s Booming Sports Betting Market
Maryland’s sports wagering market has been on the rise since its launch in December 2021. In March, it recorded a handle of $385.9 million, with mobile wagering accounting for an overwhelming 95.9% of the total at $370.2 million. Additionally, sportsbooks contributed a single-month record of $5.3 million to the state’s revenue.
SuperBook’s Compliance and Partnerships
SuperBook’s successful completion of a controlled demonstration of its mobile sports wagering platform, along with compliance with all necessary procedures, played a pivotal role in securing its license. Notably, SuperBook has formed a partnership with the MLB team, the Baltimore Orioles, and plans to operate a retail sportsbook sports lounge at Oriole Park at Camden Yards.
Gaming Innovation Group’s Expansion
Gaming Innovation Group (GiG) has made strategic moves to expand its presence in the US gaming market by obtaining licenses in Maryland and Pennsylvania.
GiG’s Licenses in Maryland and Pennsylvania
GiG has secured an online sports betting operator license in Maryland and a fully interactive gaming manufacturer license in Pennsylvania. These licenses grant GiG the opportunity to establish a strong foothold in these two key states.
Crab Sports in Maryland and Future Plans in Pennsylvania
In Maryland, GiG plans to launch its brand, Crab Sports, taking advantage of the online gambling market that opened in November 2022. Additionally, in Pennsylvania, the Gaming Control Board’s license will enable GiG to explore partnerships with existing operators for its future expansion.
The Maryland gaming industry continues to evolve with the addition of SuperBook as the ninth mobile sportsbook operator, contributing to the state’s thriving sports wagering market. Meanwhile, Gaming Innovation Group’s strategic acquisition of licenses in Maryland and Pennsylvania signifies its commitment to expanding its presence in the US gaming sector, promising exciting developments in the near future.