ointsBet announced its plans to enter the recently legalized Maryland sports wagering market through an agreement with Riverboat on-the-Potomac, a licensed satellite simulcast facility for horseracing and minority-owned small business located in Charles County, Maryland.
The agreement is subject to regulatory approvals from the Maryland Lottery & State Gaming Control Agency and per the recently enacted legislation.
The strategic partnership positions the operator and Riverboat on the Potomac to offer its sports betting product in retail and online capacities in the state, once permitted.
Johnny Aitken, PointsBet USA CEO commented: "With terrific partners in The Riverboat on the Potomac, PointsBet is thrilled to begin the process toward offering the passionate, sports-loving community of Maryland with the fastest and most differentiated sports betting product across every customer touchpoint. We look forward to quickly and responsibly introducing sports bettors to the newly legalized competitive advantages PointsBet possesses in owning our technology end-to-end, such as market-leading ease of use and the deepest slate of betting options available in the world."
Winston DeLattiboudere, Co-Managing Member of the Riverboat Group noted: "We're excited about this new endeavor, PointsBet is not only an international leader but has recently proven to be an industry trailblazer. Their landmark agreement with the Riverboat on-the-Potomac has provided an incredible model for the diversity and inclusion of MBEs all over the United States. We are proud to be partnering with a giant that understands and believes in the value of inclusiveness in every facet of the industry, from the owners to the bettors. Moreover, I am so grateful to the Maryland General Assembly for passing legislation that helped to make this enormous opportunity a reality. We look forward to a future filled with phenomenal successes not only for our partners but for the citizens of Maryland and their communities."