Maine’s new sports betting market may be without industry’s biggest names – JulieSimba
Maine's new sports betting market may be without industry's biggest names

Maine’s new sports betting market may be without industry’s biggest names

Maine’s emerging sports betting market may not see bites from big-name companies due to its structure even while the industry shows deep interest in the rollout.

The Legislature passed a bill giving mobile sports betting rights to the Wabanaki tribes in this spring, while reserving the far smaller in-person market for casinos and off-track betting parlors. It could be another two years before the market goes live.

But the multi-faceted members of the industry have already begun talking to at least one tribe about a partnership and are lining up to pay attention to the crucial rulemaking process. That interest does not seem to extend to the biggest names in sports betting so far.

That is in part because of the revenue structure designed to benefit the tribes and Maine’s status as a small state. But it could leave room for smaller companies to get a foothold with plenty of time for things to change as the state hammers out rules and parties negotiated.

Up to 12 entities have reached out to the Maine Gambling Control Unit to introduce themselves and offer information about their services, said Milton Champion, the unit’s executive director.

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