The recent Maryland online sports betting tax increase is a significant development for mobile sportsbook operators in the state.Signed into law by Governor Wes Moore, the new Budget Reconciliation and Financing Act of 2025 raises the tax rate from 15% to 20%, effective immediately.
Tag: sports betting legislation
Sports Betting in Maryland and Kansas Faces Big Changes
Sports betting in Maryland and Kansas has emerged as both a popular pastime and a contentious issue among lawmakers and enthusiasts alike.Following the Supreme Court’s 2018 ruling that paved the way for states to legalize wagering, both states saw a surge in interest and revenue, with Maryland reaching over $12 billion in total bets by January 2025.