Maine holds public hearing on various sports betting bills

Maine holds public hearing on various sports betting bills

Untethered Maine Online Sports Betting One bill, sponsored by Democratic Sen. Louis Luchini (D-7), would effectively open the state to an uncapped amount of online sports betting licenses which would not have to be tethered or partnered to a brick-and-mortar facility. LD 1352 would allow Maine to be the third untethered sports betting state in the country, behind Tennessee and Wyoming.

Maine Holds Public Hearing On Several Sports Betting Bills An untethered license would allow a mobile sports betting platform to operate in the state without first partnering with a brick-and-mortar Maine casino. Interested Maine online sports betting operators would pay an initial online sports license fee of $20,000.

The committee heard testimony from a number of industry representatives, many of whom expressed support for bill LD 1405 sponsored by Democratic Senate President Troy Jackson which would require online sportsbook operators to be tethered to existing facilities. Jeff Morris, vice president of public affairs and government relations at Penn National Gaming, said it is “critical” that the operation of retail and online sports betting be limited to existing licensed gaming operators. Penn National operates Hollywood Casino in Bangor.

Tethered Maine Online Sports Betting The bill set a 16% tax rate on online sports betting and a 10% rate for in-person facilities.

If implemented correctly, Morris noted legalized sport betting could be a boon for Maine, its residents and its established licensed gaming operators. Local businessman Don Barberino, owner and operator of two state OTBs, warned that an untethered system would put the brick-and-mortar facilities at a huge disadvantage for online sports betting. These facilities have invested millions into the state, he said, and would suffer in an untethered setting.

New York’s recently approved online sports betting plan is a tethered program. He pointed to New Jersey, which currently offers a tethered online sports betting system, that allows three skins per casino in the state, which ensures for a competitive market.

The Maine State Legislature will end its legislative session on June 16, giving state lawmakers just a little over six weeks to sign a bill into law. He pointed to New Jersey, which currently offers a tethered online sports betting system, that allows three skins per casino in the state, which ensures for a competitive market.

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