Maryland HB1453 alters regulations on credit extensions, penalties, and proceeds distribution for video lottery and sports wagering operations.
Maryland HB1453 modifies regulations for video lottery and sports wagering operations. It requires video lottery operation licensees to submit player information for a central list and monitor credit extensions to prevent exceeding a player's net worth. The bill increases penalties for violations, mandates monthly transfers of sports wagering proceeds to the State Lottery Fund, and sets retention percentages for sports wagering and fantasy competition proceeds. It also prohibits credit card payments for online sports wagering and limits individual wagers on sporting events to $100,000.
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