On the state’s November ballot, Gov. Larry Hogan publicly supported Question 2, which would legalise sports betting in Maryland to raise education money.
Hogan said: “Question 2 provides a critical revenue source for public education without raising taxes on families and businesses. This initiative builds on the very successful ‘Hogan Lockbox,’ which puts casino revenues in a lockbox dedicated to education.
“We are already funding our K-12 schools at record levels, and this is another way to ensure that is the case for years to come.”
Due to the effects of the coronavirus pandemic, Hogan underlined the current budget deficit in the state. Legal sports betting could produce $18.2 m in tax revenues in 2022, according to an estimate by the Maryland General Assembly.
Last month, FanDuel and DraftKings launched a “Vote Yes on Question 2″ initiative in an effort to build support for legal sports betting, featuring public school teachers supporting the legalisation of sports betting to finance education.
Before the pandemic, sports betting was on the agenda for state legislators, but early in March, the legislature was adjourned. Legislators passed a bill without the possibility of debating specifics, to be discussed after the question is put to voters.