The sports betting market in Maryland has recently seen a major shakeup with the departure of WynnBET from the state. WynnBET, a mobile sportsbook operated by the Wynn Resorts, had been active in the state since August 2020. However, the company recently announced that it was withdrawing from the Maryland market due to “regulatory constraints.”

The move is a major blow to the Maryland sports betting market, which has seen a steady increase in activity since the state legalized sports betting in 2020. WynnBET was one of the most popular sportsbooks in the state, offering a wide range of betting options and competitive odds. It also had a strong presence in the state’s capital, Baltimore, where it had a partnership with the Baltimore Ravens.

The departure of WynnBET has left a void in the Maryland sports betting market, but other operators are already looking to fill it. FanDuel, DraftKings, and PointsBet are all expanding their presence in the state, and more operators are likely to follow suit.

The departure of WynnBET is also likely to have an impact on the state’s revenue from sports betting. WynnBET had been one of the most successful operators in the state, and its departure could lead to a decrease in tax revenue for the state.

Overall, the departure of WynnBET from the Maryland sports betting market is a major setback for the state. It is unclear what impact this will have on the market in the long-term, but it is clear that other operators will be looking to fill the void left by WynnBET. It remains to be seen how this will affect the state’s revenue from sports betting, but it is clear that this is a major setback for the state’s sports betting industry.