U.S Electricity Demand to Get Double with AI and EV by 2030
Maryland Records 16.5M Geolocation Transactions During the Launch of Online Sports Betting
By Aarti Dhapte , 14 December, 2022
Over 16.5 million geolocation transactions were recorded in Maryland over the course of the US thanksgiving holiday, according to the data from GeoComply a Vancouver, Canada-based geolocation security and compliance company. The state launched regulated online sports betting industry on November 23, 2022, the state approved 7 betting sites approved by the Maryland Lottery and Gaming Control Agency. The first day of launch recorded over 3.7 million geolocation transactions.
According to GeoComply data from November 23-27 over seven operators were operating in the region and approx. 477,365 new accounts were registered during the same period. According to GeoComply, Maryland's education fund will see a significant increase because of the record-breaking statistics, with legislators noting mobile sports betting as a major source of income for the Blueprint for Maryland's Future Fund in 2021. Moreover, in order to safeguard customers and raise tax revenue for the state's education fund, Governor Larry Hogan publicly campaigned for the rapid roll-out of mobile betting.
Since the launch, the betting industry has seen a surge in demand due to local NFL teams along with college football and basketball matches in the region, the demand is expected to surge even more due to the FIFA 2022 world cup in Qatar. The 16.5 million transactions are nearly double the volume of the neighboring state of Virginia which accounted for 8.5 million, and four-time the volume of Colorado accounting for 3.8 million transactions. Additionally, that number is far higher than Tennessee's 6.6 million and Indiana's 6.7 million. It also matched 17.1 million, which was the same as the much larger market in New Jersey, which is more established and has a far larger population than Maryland. Marylanders will continue to choose legitimate, licensed operations that offer player protections and tax revenue for the state instead of shady offshore bookmakers, just as lawmakers intended.
Most Popular Online Gambling Activities (EU-28)
Latest News
U.S Electricity Demand to Get Double with AI and EV by 2030
Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers and increase the production of electric vehicles, citing the green energy transition. Both activities demand a high electricity…
Renewable Energy Production Slows down due to Lack of Transformers
Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental…
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Amazon Enables News Technologies to Help its Business Customers
Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024
Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…
Aarti Dhapte
Team Lead - Research
Latest News
Renewable Energy Production Slows down due to Lack of Transformers
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024
Amazon Enables News Technologies to Help its Business Customers
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024
