Maine Sports Betting Law Goes into Effect, But You Can’t Bet Yet
In our latest gambling industry news, we are taking a look into Main and the status of sports betting in the state. The Maine sports betting law will go into effect next week. However, no one will be allowed to place a wager just yet. According to the state’s regulator, it looks like residents will not be able to place bets until April next year at the earliest.
But why the long wait if the law goes into effect on Monday? While the time it takes to open a sportsbook is relatively quick, the case is different for sportsbooks in Maine. Back in May, Governor Janet Mills signed a law that will allow sports betting in Maine. Under the law, indigenous tribes will have exclusive rights to offer online sports betting. The law will take effect 90 days after the adjournment of the legislative season.
Maine Sports Betting Law: The Details
The law will also allow casinos to offer retail sports betting. Of course, the advantage will lie with the tribes, since online sports betting is much more popular. In fact, in 2021, 87% of wagers placed in the country are from online sportsbooks. The use of online sportsbook pay per head solutions will be very helpful for those who want to be able to won their own sportsbooks without having to spend much. Especially since online sports betting is also growing each year.
For now, though, residents of Maine will have to wait. If we look at the other states that now offer sports betting, it usually a minimum of around 8 months from approval to going live, while some states even take more than a year. In the case of sports betting in Maine, we can expect a launch from anywhere between April 2023, to as far as the first quarter of 2024.