The first step to winning a Maine sports wagering license is to read the laws and regulations. Focus on the laws and regulations that govern sports betting in Maine, such as:

• Title 8 Chapter 35: – Regulation of Sports Wagering (8 §1201 – §1219)
• Proposed Rules Chapter 50 – 56

Similarly, it is a good idea to familiarize yourself with the Department of Public Safety’s Gambling Control Unit’s website. You will find updates regarding the program on their website.

Our Maine sports wagering license consultants provide you with links to these resources in the useful resources section below. But keep reading to learn how to win a sports betting license in Maine.

As mentioned earlier, there are several types of Maine sports wagering licenses. Each license permits you to conduct a specific type of operation, so make sure you are choosing the license that is right for you.

If you are unsure what type of Maine sports wagering license makes the most sense for you, than continue onto the next step: engage a professional to help you.

Applying for a Maine sports wagering license is a time-consuming and complex task. Not only do you have to build a business, but you have to propose plans on how exactly you will operate in compliance with the laws and regulations.

For this reason, you should engage our Maine sports betting license consultants to help you prepare a winning application. We’ll write all of your plans, review all documents for compliance, help you recruit talent, design your facility, build your platform, and more.

Make you life easy and schedule a call today with one of our sports betting business consultants.

Now is the perfect time to craft your business plan. You will use your business plan to educate stakeholders and convince investors to fund your Maine sports wagering business. Plus, you can use portions of your business plan as part of your license application.

Use NeXT’s sports wagering business planning services to create a professional, accurate, and elegant business plan.

At this stage, you should get your finances in order to ensure you are prepared to launch your business. Applying for the license will cost you hundreds of thousands of dollars, and there is no guarantee you will receive a license. For example, during your pursuit of a license, you will incur costs from:

• License and Background Check Fees (as outlined above)
• Attorneys
• Lobbyist
• Real Estate
• Architects
• Consultants
• Marketing
• and more

Work with our Maine sports wagering license consultants to raise capital and convince investors.

The team you list on your Maine sports wagering license application will have a significant impact on your ability to win a license. The state will score your team on their expertise, history of operating related businesses, and their moral character as determined through a background check.

As such, you should heavily consider who you list as your team. You will want include positions that cover the following departments:

• Sports Wagering;
• Surveillance;
• Security;
• Accounting;
• and more.

If you’re team is deficient in any of the areas above, use NeXT’s talent acquisition service to build a team that will score high on your Maine sports wagering license application.

You can build your sports wagering platform internally with your team, or you can use a third-party agency to build one for you. In either case, you should ensure that your sports wagering platform complies with all the laws and regulations.

Make sure that your Maine sports wagering platform includes internal controls that meet the requirements of chapter 53 of the rules, including features for:

• User Access Controls;
• Risk Management;
• Identifying and Reporting Fraud;
• Preventing wagering by prohibited personnel;
• Refunds;
• anti-money laundering standards;
• and more.

If you’re applying for a Maine facility sports wagering license, then you will need a location where you will locate your sports wagering lounge. Keep in mind that to be eligible for a facility sports wagering license in Maine, you must be a:

• commercial track;
• licensed casino; or
• a licensed off-track betting  facility.

So you should already have a facility in place. However, if you do not have a facility, you can partner with one of the above facilities.

It never hurts to show that you’ve built support at the local community level, as well as statewide support. Building relationships with your community takes time, so its best you start on this as soon as possible. By showing support from community members, you can increase your score on your Maine sports wagering license application.

Finally, the last step is to collect and draft all of the final documents for your Maine sports wagering license application. The list of required documents was covered in the license application overview above.

However, I want to highlight the two documents that will require substantial technical writing. The following two plans can reach hundreds or thousands of pages:

• Internal Controls Procedures; and
• Responsible Wagering Program.

You will receive a score on these plans based on your proposed procedures and their compliance with the laws. The applicants with the highest score will win a license. Since there are a limited number of Maine sports wagering licenses, its best that you work with our sports business license application writers to submit a competitive application.