Maryland SB639 authorizes sports wagering on historical horse races, detailing how proceeds are managed and distributed.

Maryland SB639 establishes rules for sports wagering on historical horse races. It mandates that proceeds from such wagering be controlled by the Comptroller and distributed to the State Lottery Fund, with specific allocations to various funds and accounts. Wagering can only occur in designated areas of approved sports wagering facilities and must be conducted as pari-mutuel betting. Unclaimed winning wagers become state property and are directed to the Problem Gambling Fund. The bill also outlines the types of wagering terminals that can be used and the minimum wager amount.

Maryland SB639 authorizes sports wagering on historical horse races, detailing how proceeds are managed and distributed.

Maryland SB639 establishes rules for sports wagering on historical horse races. It mandates that proceeds from such wagering be controlled by the Comptroller and distributed to the State Lottery Fund, with specific allocations to various funds and accounts. Wagering can only occur in designated areas of approved sports wagering facilities and must be conducted as pari-mutuel betting. Unclaimed winning wagers become state property and are directed to the Problem Gambling Fund. The bill also outlines the types of wagering terminals that can be used and the minimum wager amount.