Md. Code Regs. 36.10.14.01

Current through Register Vol. 51, No. 24, December 2, 2024

Section 36.10.14.01 - Authorized Wagers

A. Definition. Unless context or the individual regulation dictates otherwise, for purposes of this regulation, "sports wagering licensee" includes:

(1) Sports wagering facility licensee;

(2) Mobile sports wagering licensee;

(3) Sports wagering facility operator licensee; and

(4) Online sports wagering operator licensee.

B. Type of Event.

(1) A sports wagering licensee shall submit to the Commission for approval the events and types of wagers it proposes offering to bettors prior to accepting a sports wagering bet.

(2) The Commission may authorize a sports wagering licensee to offer wagering on a sporting event as defined by State Government Article, § 9-1E-01, Annotated Code of Maryland.

C. Verifiable Outcome.

(1) In this section, "official league data" means statistics, results, outcomes, and other data relating to a sporting event obtained by a sports wagering licensee under an agreement with a governing entity or an entity expressly authorized by a governing entity for determining the outcome of a wager placed.

(2) A sports wagering licensee may use any Commission approved data source for determining the results of sports wagers.

D. Wager Limits. The maximum wager that may be accepted by any sports wagering licensee from a patron on any one sporting event shall be limited to $5,000,000.

Md. Code Regs. 36.10.14.01

Amended effective 49:1 Md. R.16, eff. 1/13/2022; amended effective 49:15 Md. R. 740, eff. 7/25/2022