Sports Gaming Law
On May 14th, 2018, the Supreme Court struck down the Professional and Amateur Sports Provision Act of 1992 (PASPA), the federal law banning single-game wagering. Instead, the ruling paved the way for states to introduce legislation in the ever-growing sports wagering and gaming industry.
This ultimately led to the enactment of Maryland House Bill 940 by Governor Larry Hogan in May of the 2021 legislative session. The bill authorized sports wagering license holders to accept wagers on sporting events by specified methods and in specified locations.
Soon thereafter, Maryland Legislators constructed a plethora of regulations, restrictions, terms, permissions, exceptions, etc. by enacting the "black letter law" in the Annotated Code of Maryland which now governs the new industry of Sports Wagering in our state.
Gaming law is multifaceted. It involves federal and state law considerations. The gaming industry is one of the most regulated sectors globally, and compliance is the most important critical aspect of all licensed gaming companies. Each state has its laws regarding the regulation or prohibition of gambling. To operate a gaming business, it must comply with the jurisdiction's gaming authority's relevant legal, regulatory, and operational standards.
A quick search will reveal that the laws which govern gaming and sports wagering are incredibly complex. Our team has developed an expertise in the background and fine details of this law while maintaining connections with other industry leaders along the way. Whether it's online sports betting, fantasy sports, mobile platforms, licensing, or legislative and regulatory issues, our team removes the ambiguity of the law for you by providing the unrivaled knowledge and expertise we have gained from practice to help you navigate your way through the process.
Whether you engage in playing or operating casino gaming, sports wagering, racetrack betting, sweepstakes, internet gaming, daily fantasy sports, or competitive e-sports, gaming law has many unique aspects that need to be analyzed by an attorney with extensive experience in this field on the relevant laws and regulations to ensure compliance as well as higher efficiency in business operations.
Entrepreneurs, operators, and investors retain us to conduct reliable and current, in-depth analysis to determine the financial and regulatory suitability for both individuals and corporations looking to obtain sports gaming licensing as well as assess any unforeseen risk factors. Additionally, we assist each our clients with a defined strategy to maximize the industry opportunities on an individualized basis for their respective products and services in their specific range of jurisdictions.
We offer unique and unparalleled insight to all gaming-related operators, entrepreneurs, investors, governments, agencies, and developers that seek strategic guidance in assessing, penetrating, and monetizing a particular market through our vast network of public and private sector gaming experts, sports, media contacts, regulators, and stakeholders to provide our clients the best available strategy in targeting opportunities to capitalize on gaining speed to market for client products and services.
Because we are a full-service law firm, all our sports gaming clients benefit from the wealth of experience and breadth of knowledge of the firm's attorneys in numerous other areas of practice. Subsequently, should a need or question arise in another practice area, there is undoubtedly an in-house expert on-hand to provide confidential advisement.
Our support for our clients in Sports Gaming Law doesn't simply conclude after obtaining proper licensing and launching a successful, added facet of their business. We're here to manage every aspect of litigation that may arise in the gaming industry as well. In addition to overseeing any administrative or court-based proceeding, we have in-house counsel available for consultation regarding litigation strategy in this new industry.
Our unrivaled experience means we understand your business needs; whether you are an existing business entering new markets or a single entrepreneur looking to capitalize on this new industry, we provide individually catered, practical advice and solutions to help make your project a success.
We invite you to contact us or call our office at (410) 385-2225 or 1-800-385-2243 for a complimentary consultation to see how we can make a difference for you.