Gaming - Extensions of Credit, Penalties, Player Protections, and Distribution of Proceeds - Alterations
In the House - Hearing 3/05 at 1:00 p.m.
Summary
The bill directs the Maryland State Lottery and Gaming Control Commission to adopt rules on extending credit to video‑lottery players, create a central list of such players, and raise the maximum civil penalty to $50,000 per day. It also lowers the fantasy‑competition operator share to 84%, caps individual sports wagers at $100,000, and bans credit‑card payments for online sports betting. These changes aim to strengthen consumer protection, curb problem gambling, and adjust how gambling revenues are allocated.
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