Maryland's Senate Bill 340, introduced on January 16, 2025, aims to regulate internet gaming within the state, establishing a framework designed to ensure security, fairness, and responsible participation. The bill mandates that all internet gaming data be securely maintained for a minimum of five years and restricts participation to individuals aged 21 and older. It also requires operators to verify the identity and age of users at account creation and periodically thereafter, enhancing safeguards against underage gambling.

Key provisions of the bill include strict guidelines on the handling of personal information, prohibiting the sharing of identifiable data without consent, except for operational necessities and support for problem gambling initiatives. Additionally, the bill forbids targeting advertisements to individuals barred from gambling and prohibits deceptive advertising practices.

The legislation has sparked notable discussions among lawmakers and stakeholders, particularly regarding its implications for minority business participation in the internet gaming sector. The bill incorporates findings from the state's Minority Business Enterprise Program, requiring internet gaming licensees to comply with participation goals for minority-owned businesses. Within six months of issuing a gaming license, a clear plan for these goals must be established, promoting inclusivity in the burgeoning gaming industry.

As Maryland moves to embrace internet gaming, the bill's implications extend beyond regulation. It aims to create a safer gaming environment while fostering economic opportunities for minority businesses. Experts suggest that if passed, the bill could significantly impact the state's economy by generating new revenue streams and creating jobs, while also addressing concerns about gambling addiction and ensuring responsible gaming practices.

The future of Senate Bill 340 remains to be seen as it progresses through the legislative process, but its potential to reshape Maryland's gaming landscape is clear. Stakeholders are closely monitoring developments, anticipating both the economic benefits and the social responsibilities that come with expanded gaming options.