Maryland SB102 modifies the definition of sports wagering proceeds to exclude certain promotional play from the total amount.
Maryland SB102 amends the definition of "proceeds" from sports wagering to exclude money given away as free promotional play by a sports wagering licensee. The bill allows the State Lottery and Gaming Control Commission to set a limit on the amount of promotional play that can be excluded from sports wagering proceeds. This change affects sports wagering licensees by modifying how their proceeds are calculated, impacting their financial reporting and tax obligations. The bill takes effect July 1, 2026.
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