Maryland HB1240 authorizes sports wagering on historical horse races, sets operational rules, and allocates proceeds.

Maryland HB1240 establishes regulations for sports wagering on historical horse races. It allows certain licensed facilities to accept wagers on historical horse races under specific conditions. Wagers must be placed on approved terminals and cannot reveal race details until after the bet is finalized. The bill mandates that proceeds from historical horse race wagering be distributed to various funds, including the State Lottery Fund and the Blueprint for Maryland’s Future Fund. It also requires a referendum before the bill can take effect.

Maryland HB1240 authorizes sports wagering on historical horse races, sets operational rules, and allocates proceeds.

Maryland HB1240 establishes regulations for sports wagering on historical horse races. It allows certain licensed facilities to accept wagers on historical horse races under specific conditions. Wagers must be placed on approved terminals and cannot reveal race details until after the bet is finalized. The bill mandates that proceeds from historical horse race wagering be distributed to various funds, including the State Lottery Fund and the Blueprint for Maryland’s Future Fund. It also requires a referendum before the bill can take effect.