The Maryland Lottery on Monday proposed a change to the state’s sports betting regulations that would reduce the amount online sportsbooks can give away as promotional free bets.
Currently, under Chapter 13 of the state’s “Sports Wagering Licensee Minimum Internal Control Standards,” after the first full fiscal year of operations, a sportsbook is allowed to offer as much as 20% of revenue in free play. That figure would drop to 5% under the new proposal. This figure would include only money generated by online sports betting.
By lowering the amount that sportsbooks may offer as promo deductions, states are able to tax more of their revenue.
