Maine approves sports betting bill with unlimited online licences
Online licences cost $20k, with no requirement for operators to be tethered to land-based properties
Both houses of the Maine legislature approved an operator-friendly sports betting bill on Wednesday night, with the bill now headed to the state governor for final approval.
The legislation allows for an unlimited number of online/mobile betting licences to be awarded, with no requirement for online operators to be tethered to a land-based property.
The initial fee for a mobile license is $20,000, with online revenues then taxed at 16%.
“To me, it’s a strange way to write a law that would require a new business to come into Maine only if they tether their license to an existing business,” bill sponsor Sen. Louis Luchini told the Press Herald this week.
“We don’t require Amazon to tether to existing grocery stores and we don’t require Airbnb to tether to hotels.”
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