Sports Wagering - Wagers on Historical Horse Races - Authorization

HB 1048 amends Maryland law to include historical horse races in the definition of "sporting event" for sports wagering purposes, allowing licensed sports betting facilities to accept wagers on past races. It specifically authorizes Class A-2 licensees - such as video lottery operators with 1,000 or fewer terminals and existing horse racing licensees - to offer these wagers under defined conditions. The bill expands the range of eligible events for sports betting without altering current licensing requirements or tax structures. This change affects the sports wagering industry by creating a new betting category for historical horse races, directly impacting licensed operators and consumers seeking this option.