Legalized online gambling requires operators to employ cutting edge tools to protect consumers and ensure responsible gaming practices. This industry encompasses a wide range of professions, from software engineers and designers, to marketing, administrative, management and oversight positions. New Jersey, for example, gained approximately 6,600 new jobs in the online gaming industry between 20, according to an iDEA’s study. Legalizing online gambling in Maryland also has the potential to create jobs and stimulate economic growth. The rest is directed to the Maryland Problem Gambling Fund.
Most of Maryland’s sports wagering contributions go to Blueprint for Maryland’s Future Fund, which supports public education. Legal mobile sports betting, which went live in November, accounted for about 95% of the total draws in April-June this year, the MLG reports. Tax revenues and jobsĪccording to Maryland Lottery and Gaming, legal sports wagering, generated nearly $25.3 million for the state during the 2022-23 fiscal year. Michigan’s Lawful Internet Gaming Act, for example, holds online gaming providers accountable for implementing safety measures and responsible gaming practices. New regulations could draw inspiration from successful efforts seen in other states.
