Caesars’ Maryland casino desperately seeking sports betting

Maryland’s sports betting hopes took another small step forward this week, and at least one of the state’s casino operators could desperately use the new revenue stream.

On Tuesday, Maryland’s state Senate Budget and Taxation Committee unanimously approved the chamber’s SB4 sports betting legislation, paving the way for debate by the full Senate on Thursday and a likely vote by early next week. The bill would then require approval by the House of Delegates before the Assembly’s current session concludes on April 8.

Even if all that happens and Gov. Larry Hogan affixes his signature, state voters would have to approve the measure this November, along with a separate ballot question that would alleviate voters of the need to approve future gambling expansion efforts.

SB4’s list of potential betting licensees now includes the state’s six casinos, the Pimlico and Laurel racetracks, the State Fairgrounds in Timonium and the Washington Redskins’ proposed new stadium. Four off-track betting sites would be allowed to piggyback on the tracks’ license. The bill would also allow statewide digital wagering.