The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Racing and sports wagering specialist PointsBet (PBH) launches its online betting service in Maryland in the US — just in time for the 2022 FIFA World Cup
  • Maryland marks the 13th US state in which PointsBet has launched its online operation, with sports retail betting only made legal in the state back in May 2021
  • PointsBet says Maryland punters will be able to tap into its new ‘Soccer Lightning Bets’ service during the Qatar World Cup
  • According to the company, the Qatar tournament is the first FIFA World Cup since sports betting became mainstream in the States
  • Shares in PointsBet last traded at $1.88 on November 23

Racing and sports wagering specialist PointsBet (PBH) has launched its online betting service in Maryland in the US — just in time for the 2022 FIFA World Cup.

Maryland marks the 13th US state in which PointsBet has launched its online operation, and the launch comes just months after the company took its first retail bet in the state back in September.

Online and sports retail betting was made legal in Maryland in May 2021, and according to PointsBet, sports betting has only recently become a mainstream fixture in the US as a whole.

“Just a few short months after unveiling The PointsBet Retail Sportsbook at The Riverboat on the Potomac, we’re thrilled to now be able to add our market-leading online sports betting product to the mix,” PointsBet USA CEO Johnny Aitken said.

“As one of the few sportsbooks to be on the starting line in Maryland, PointsBet will be delivering sports fans in the state a new way to take part in the action — whether that’s for the NFL, NBA, or NHL.”

The company said Maryland punters would be able to tap into its new ‘Soccer Lightning Bets’ service, which included bets for free kicks, goals, shots on target, and more during the Qatar World Cup.

PointsBet users will also have the ability to build a ‘Same Game Parlay’ either before a match begins or live.

PBH said the Qatar tournament was the first FIFA World Cup since sports betting became mainstream in the States.

On top of Maryland, PointsBet has launched online betting in New Jersey, Iowa, Indiana, Illinois, Colorado, Michigan, West Virginia, Virginia, New York, Pennsylvania, Kansas and Louisiana.

Shares in PointsBet last traded at $1.88 on November 23.

PBH by the numbers
More From The Market Online
Market Close Graphic

ASX Market Close: Bourse defies red futures to end up on 2025’s first trading day | Jan 2, 2024

The local bourse has defied morning predictions to end 34 points up, at 8,189 (a 0.44% gain) after ASX 200 futures originally suggested...
The Lalor mine in Snow Lake.

Nova Minerals ‘starts year on very positive note’ with Snow Lake split

Nova Minerals has raked in a new year's boost, adding $10.8M to its balance sheet after…
Tony Rovira working for Azure Resources

Director who led Azure to $1.7B acquisition takes helm at Lycaon Resources

Lycaon Resources has made a major appointment that's got investor chins wagging, with Tony Rovira taking…
A road in the forest in New South Wales where Critical Green Minerals was looking into building a plant.

Early construction ‘significantly accelerates’ timeline for Green Critical Minerals’ high-tech graphite pilot plant

Green Critical Minerals (ASX:GCM) has completed the first construction phase at its in-development VHD Technology