Governor Janet Mills signed the Maine sports betting bill into law last Monday. However, players need to wait for at least two years before they can legally wager on sports in the state.
The action will redesign the state’s relationship with clans in more ways than one, yet sports wagering is the most striking arrangement. Online wagering represents 85 percent of the business, while in-person licenses are saved for casinos and off-track wagering parlors. Gross income is charged at ten percent.
After the law produces results in the late spring, the state will enlist two new workers to regulate the games wagering industry. Applications and rules should be drafted from that point onward. Also, the regulator can issue temporary licenses while the process is ongoing.
Maine Sports Betting
Rules might cause delays. The regulator requires written comments and public hearings that could take place from eight months to one year and a half to accomplish. Thus, the launch of sports betting might be between April 2023 to early 2024. That timetable relies upon the reaction from the business, according to pay per head experts. The go-live date would come after that.
That would put Maine on the long finish of the public games wagering rollout, which came after the 2018 decision from the Supreme Court. By and large, states have required 156 days from sanctioning to launch a retail sportsbook. Also, it took an average of 237 days to launch mobile betting, as per bookie software experts.
According to the best bookie pay per head, there are many reasons why states take much time. For example, New Hampshire authorized portable wagering in July 2019 and launched it that December. That was an exclusive partnership between the State Lottery and DraftKings. In Maine, tribes want to sign partnership deals to prepare for the launch of sports betting in the state.