Wynn Resorts May End Maryland Sportsbook License Pursuit

During a brief meeting of Maryland’s Sport Wagering Application Review Commission on Wednesday, the commission was informed of a recent development in the online gambling world with some impact on Maryland sports betting.

Last week, Wynn Resorts notified Maryland regulators that it intended to shut down much of its WynnBet sports betting platform. Wynn’s pullback, as it may apply to Maryland, is part of a larger strategy for reducing its online gaming platform presence. That move was made public last week and involves several states.

In Maryland, WynnBet had been “awarded” a mobile sports betting license by SWARC in December 2022. But Wynn had not launched yet in Maryland and the license hasn’t been “issued” by Maryland Lottery & Gaming.

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SWARC, Wynn To Work On Resolving License

There are no further details yet, but Maryland regulatory staff notified the SWARC that they will work with Wynn on the process of possibly relinquishing the Maryland betting app license.

While no action was required by the SWARC regarding Wynn, James Butler, with Lottery & Gaming, noted that the SWARC might take up the issue at its next meeting in September.

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Queen Sportsbook Diversity Plan Approved

As far as action taken during the meeting, SWARC approved the diversity plan of Queen Sportsbook Maryland, LLC. Queen Sportsbook was awarded a mobile sportsbook license in May 2023.

Queen Sportsbook Maryland LLC is a subsidiary of the Queen Casino & Entertainment Company, which operates casinos in Iowa, Illinois and Louisiana (two) as well as retail and online sportsbooks. Queen Sportsbook currently does not have any employees or vendors, Butler said in his report to the SWARC.

The commission also approved amending its regulations to consider requests by a Class B-2 applicant to move a proposed location.

In other Maryland gaming news, the state announced this week that lottery ticket sales, six commercial casinos, sports wagering and daily fantasy sports combined to generate $1.589 billion in contributions to the state during the 2022-23 fiscal year, which ended June 30.

The next SWARC meeting is at 9 a.m. on Sept. 20.

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