Maryland SB557 redefines "own" for video lottery operations to exclude certain small interests.

Maryland SB557 amends the definition of "own" in the context of video lottery operations to exclude beneficial or proprietary interests of 25% or less, provided they do not confer voting rights. This change affects applicants and licensees, allowing them to hold minor interests without disqualifying them. The bill also updates regulations for video lottery facilities and sports wagering, including disqualifying applicants who fail to prove qualification and limiting ownership to one facility per entity. The changes take effect October 1, 2026.

Maryland SB557 redefines "own" for video lottery operations to exclude certain small interests.

Maryland SB557 amends the definition of "own" in the context of video lottery operations to exclude beneficial or proprietary interests of 25% or less, provided they do not confer voting rights. This change affects applicants and licensees, allowing them to hold minor interests without disqualifying them. The bill also updates regulations for video lottery facilities and sports wagering, including disqualifying applicants who fail to prove qualification and limiting ownership to one facility per entity. The changes take effect October 1, 2026.