Maine Releases Proposed Sports Betting Rules

Maine Releases Proposed Sports Betting Rules

Last updated on January 15th, 2023 at 04:18 am

Maine Gambling Control Unit released the proposed sports betting rules. The agency will continue to finalize the state’s rules and regulations for sports wagering.

Governor Mills signed LD 585 in 2022, which legalized sports betting in Maine. Thus, it is up to the Gambling Control Unit to create rules. Also, the regulator used Ohio, Massachusetts, and Colorado rules to guide how to enforce sports wagering in Maine.

According to PayPerHead sources, the 55-page document details a wide range of subjects. Some topics include how sportsbooks can work with Maine casinos, how residents of Maine can gamble without leaving the state, and how bets placed at kiosks would be processed.

Proposed Sports Betting Rules in Maine

Maine Releases Proposed Sports Betting RulesDirector Milton Champion of the Gambling Control Unit said that sports betting would bring more revenue to the state. According to bookie pay per head reports, gaming revenue increased from $53 million from two casinos in 2016 to $64 million last year with the addition of fantasy sports, charitable gaming, and advanced-depositing betting. Also, he expects sports betting to bring between $3.8 million and $6.9 million.

Sports betting software providers and sportsbook operators will review the proposed rules. Also, they will work with the Gambling Control Unit until the launch of retail sports wagering in Maine.

Champion anticipates a rollout between April 2023 and January 2024, depending on the feedback the Gambling Control Unit gets during this process.

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