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
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical