{"id":17066,"date":"2024-03-18T13:19:34","date_gmt":"2024-03-18T13:19:34","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17066"},"modified":"2024-03-19T10:33:48","modified_gmt":"2024-03-19T10:33:48","slug":"online-casino-bill-to-be-discussed-by-maryland-senate-after-passing-the-house","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/maryland-online-casino-bill\/","title":{"rendered":"Online Casino Bill In Maryland To Be Discussed By Senate After Passing The House"},"content":{"rendered":"
An online casino bill in Maryland, proposed by Vanessa Atterbeary, has progressed from the house and will now make its way to the Senate.<\/strong><\/p>\n In a 92-43 split, the house in Maryland voted to pass a bill which aims to legalize online casinos within the state – meaning it will head to the Senate.<\/p>\n On April 8th, the Senate will discuss the bill, after the house revealed a budget plan of $1.3billion that would balance on tax revenue made from legalized online gambling.<\/p>\n This money would then be put towards transportation and education costs.<\/p>\n The online gambling debate has been hotly contested in Maryland and many feel 2024 is the year for an online casino bill to be passed.<\/p>\n Maine is the other state hoping to legalize online gambling, with Illinois and New York also discussing the possibility in 2024 or 2025.<\/p>\n Bills to pass online gambling have proved difficult to pass in recent times, as lawmakers and stakeholders in different regions are not fully informed on the definition if online gaming.<\/p>\n Maryland’s online casino bill was chopped and changed on several occasions during its time in the House, which has been viewed as a possible negative and could go against the bill during its time in the Senate.<\/p>\n Online casino bill has three levels of licensing, which was finalised on the 16th March and Atterbeary made a further change – adding more available licences.<\/p>\n Two more unique changes were made, the first being a decision on credit cards, as they are now prohibited when funding a gambling account and stricter regulations on equity, inclusion and diversity.<\/p>\n Tax rates in states that have legalized online gambling sits between 18-57 per cent and Maryland’s ball will have a minimum rate of 55% on online games and 20% for live-dealer ones.<\/p>\n A five-year licence in the state for gambling operators will cost an initial fee of $1m and will increase by 1% per renewal (in relation to profit made each year).<\/p>\n A large part of the Bill’s success will rely on the tax revenue proposal, which is said to ‘blueprint Maryland’s future’ and money will be sent to counties for various reasons.<\/p>\n These reasons include, supporting businesses that owned by minority groups, smaller owner and women. Whilst 1% of the taxes will be put towards programs for those with gambling issues.<\/p>\nMaryland Online Casino Bill<\/h2>\n