Maryland Fantasy Sports & Sportsbook Promo Codes May 2023

See below for details on how to claim your Maryland fantasy sports and/or sports betting bonus.

Maryland finally welcomed legal online sports betting on November 21, 2022. Betting sites are still fighting for new players in an early push to dominate market share, so make sure to claim these player-friendly promos while they last.

1) Is Maryland Sports Betting Legal?

Yes, Maryland launched sports betting in November of 2020, and online operators finally went live two years later. Maryland law permits quite a few licenses for both online sportsbooks and in-person casinos -- 60 online and 30 retail -- and currently seven online sportsbooks are live. Several more are expected in the coming months.

2) What sportsbooks are available in Maryland?

• Barstool
• Betfred
• BetMGM
• betPARX
• BetRivers
• Caesars
• DraftKings
• FanDuel
• BetFanatics
• PointsBet

3) What sportsbook bonuses/promos can I claim?

BetMGM

Get Paid Back up to $1,000 if your first bet loses + One FREE Month of Stokastic+ Platinum

BetRivers

Get a 2nd Chance Bet up to $500

Caesars

Your First Bet is on Caesars up to $1,250 plus 1,000 Reward Credits and 1,000 Tier Credits.

DraftKings

Bet $5 and Get $150 - Win or Lose!

PointsBet

5X Second-Chance Bets up to $50 Each

4) What are the Most Popular Teams to Bet on in MD?

Baltimore has teams in two of the four major North American sports leagues -- the Ravens in the NFL and the Orioles in MLB. Plus, nearby Washington D.C. has teams in all four major leagues, with the Capitals, Commanders, Wizards and Nationals all popular options for Maryland residents. Northeast Maryland is also in close proximity to Philadelphia, so there is some interest in the state with the Eagles, 76ers, Flyers and Phillies.

The University of Maryland in College Park is about 30 minutes outside of Washington, and it has a rabid fanbase as well, particularly in the world of basketball. The Terrapins are now in the Big Ten, and while the men's team has not had a ton of recent success, it did win the NCAA title in 2002 (behind Juan Dixon), and the women's team made back-to-back Final Fours in 2014 and 2015 and made the Elite 8 in 2023.

The Terps football team has had more limited success, with just one winning season since joining the Big Ten in 2014. That said, there are a handful of NFL players who went to Maryland, and bettors always have an appetite for major conference football.

5) What are the Most Common Types of Bets I Can Make in Maryland?

Straight bet

This is the most common bet type, and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain number of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:

Boston Celtics -6.5 (-110), moneyline -320

at Cleveland Cavaliers +6.5 (-110), moneyline +260

O/U 206

The Celtics are favored by 6.5 points in this example. This means that if you bet the Cavaliers, you are getting 6.5 points, so if the Cavaliers win the game, or lose by fewer than seven points, you will win the bet because of your 6.5-point cushion. On the other side, when you are laying 6.5 points as the favorite, you would need the Celtics to win by seven or more to win the bet.

Final Score: Celtics 102 Cavaliers 98. Cavaliers would cover even though the Celtics won the game because the +6.5 point spread is enough to cover a four-point defeat.

Moneyline Bet

The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Cavaliers ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Celtics ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.

In the example above, the Celtics ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.

Over/Under

This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less.

Parlay

A parlay is a bet where you combine multiple bets into one bet and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.

Maryland Sports Betting FAQs

1. Is Sports Betting Legal in Maryland?
2. How Can I bet in Maryland?
3. Will Maryland have Online Sports Betting or Sports Betting Apps?
4. How Do I Open an Account?
5. How Do I Deposit and Withdraw?
6. Do I have to be in Maryland to place a bet?
7. What Games Can I bet on?
8. What Companies Will be Offering Sports Betting?
9. What Kind of Taxes Do I have to Pay?
10. How Old Do I have to Be to Bet in Maryland?
11. What are the Betting Limits?
12. Where Do I go if I have a problem?

Is Maryland Sports Betting Legal?

Yes! Maryland launched legal and locally-regulated online sports betting on November 21, 2022.

What are the Most Popular Teams to Bet on in MD?

With two NFL teams in the state in the Washington Redskins and Baltimore Ravens, football is tops. There is, however, one other professional sports franchise, the Baltimore Orioles in the state. Most of the baseball love goes towards the O's, but being in such close proximity to the nation's capitol, there are some Washington Nationals fans as well.

Maryland doesn’t have any NBA or NHL teams, so many people in the state gravitate to the Washington Wizards and the Washington Capitals as their teams.

The biggest college program to wager on is the Maryland Terrapins -- mostly for their successful basketball program of late.