![]() The legislation also says that two of the state's historically Black institutions, Morgan and Bowie State universities, will receive $1.5 million each to establish a center for the study of data analytics and sports gaming. ![]() ![]() Up to 60 companies will be able to get a mobile license for online betting. There would also be 30 licenses issued for restaurants, bars, small race tracks, and other businesses for on-site betting. In a compromise between House and Senate lawmakers, the state is expected to issue 10 sports betting licenses to the state's larger casinos like MGM Grand in National Harbor, the Laurel Horse Racing track, large bingo facilities, and sports teams like the Ravens and Orioles. A competitive market is more appealing to bettors, which in turn makes the industry a reliable revenue producer for the state." "The best predictor of a successful market has been whether it is designed to foster competition among numerous operators, which Maryland has done. "Maryland will be an attractive market for operators in large part because regulators have embraced an open market," Eric Ramsey, an analyst for network which includes, said in a statement.
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