ANNAPOLIS — Gov. Larry Hogan has endorsed Question 2 on the November ballot. The 2020 measure legalizes sports betting with tax revenue from those wagers earmarked for K-12 schools. Question 2 adds sports betting to the list of legalized forms of gambling in the state along with horse racing and casinos.
“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,” Hogan said in a statement on Monday, Oct. 19.
The Vote Yes on Question committee’s latest campaign finance report with the Maryland State Board of Elections shows it raised $2.5 million from DraftKings and FanDuel. Those are the two big players in the sports betting industry.
A number states have legalized sports gambling after a 2018 U.S. Supreme Court ruling clearing the way for such wagers.
Hogan also pointed out that Maryland and other states are facing coronavirus induced budge deficits and the revenue from sports betting will help fill those gaps.
A Maryland General Assembly analysis estimates legalized sports wagering through Question 2 could bring $18.2 million in revenue to the state in fiscal year 2022.
Hogan also issued an order on Oct. 16 allowing the Baltimore Ravens and Washington Football Team to start hosting some fans at home games. Hogan’s order allows the NFL teams to host games at 10% of their stadiums’ capacities.