Sportsbook operator PointsBet has entered into an agreement with the Riverboat Group’s Riverboat on-the-Potomac venue in Maryland to secure market access in the US state.
Under the 10-year deal, PointsBet will partner with the Riverboat on-the-Potomac to offer both online and retail sports wagering in Maryland.
The Riverboat on-the-Potomac operates as a licensed satellite simulcast facility for horse racing.
PointsBet will pay online and retail sportsbook market access fees to the Riverboat Group, as well as a portion of net gaming revenue derived from its sportsbook operations in the state.
The deal comes after Maryland Governor Larry Hogan last month signed a bill authorizing sports betting and fantasy sports into law. The bill allows for four different types of retail licenses, plus a license for mobile betting.
“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 very customer touchpoint,” PointsBet US chief executive Johnny Aitken said.
Riverboat Group co-managing member Winston DeLattiboudere added: “We’re excited about this new endeavor and are proud to be partnering with a company that understands and believes in the value of inclusiveness in every fact of the industry, from the owners to the bettors.”
PointsBet is also licensed to operate in Colorado, Indiana, Illinois, Iowa and New Jersey.