Maine Regulatory Authorities Target November for the Launch of Sports Betting

Maine Regulatory Authorities Target November for the Launch of Sports Betting

Maine is one of the states in the United States that has been working towards legalizing sports betting for some time now. The state has been making significant strides towards this goal, and regulatory authorities have now targeted November for the launch of sports betting.

The Maine Legislature passed a bill in June 2019 that legalized sports betting in the state. However, the bill was vetoed by Governor Janet Mills, who cited concerns about problem gambling and the impact of sports betting on the state’s tribal gaming industry. Despite this setback, lawmakers continued to work towards legalizing sports betting in the state.

In June 2021, Governor Mills signed a new sports betting bill into law, paving the way for the launch of legal sports betting in Maine. The new law allows for both online and retail sports betting, and it also permits betting on college sports.

The Maine Gambling Control Board is responsible for regulating sports betting in the state. The board has been working diligently to establish rules and regulations for sports betting operators in the state. The board has also been working with the state’s tribal gaming industry to ensure that their interests are protected.

According to the Maine Gambling Control Board, they are targeting November for the launch of sports betting in the state. This timeline is subject to change, as the board is still finalizing regulations and working with operators to ensure that they are ready to launch.

Once sports betting is launched in Maine, residents and visitors will be able to place bets on a variety of sports, including football, basketball, baseball, hockey, and more. They will also be able to place bets on college sports, which is not allowed in all states that have legalized sports betting.

In addition to providing a new form of entertainment for residents and visitors, legalizing sports betting in Maine is expected to generate significant revenue for the state. According to a study by Oxford Economics, legalizing sports betting in Maine could generate up to $35 million in annual revenue for the state.

Overall, the launch of sports betting in Maine is an exciting development for sports fans and the state’s economy. While the timeline for the launch is still subject to change, regulatory authorities are working diligently to ensure that sports betting is launched in a responsible and effective manner.