Small Business Sports Wagering Assistance Fund (SWAF)

Small Business Sports Wagering Assistance Fund (SWAF)

The Sports Wagering Assistance Fund (SWAF) goal is to maximize the opportunity for small businesses, including minority-owned and women-owned businesses, to participate in the sports wagering industry.

SWAF may be used to provide grants to small businesses including women-owned and minority owned businesses for the following: •

sports wagering license application assistance

•

assistance with sports wagering operating costs

•

targeted training to support participation in the sports wagering industry.

What SWAF Can Do For Your Business?

•

Reimbursement up to 50% of applications assistance costs not to exceed $10,000

•

Reimbursement up to 50% of licensing and background check fees not to exceed $25,000

•

Reimbursement up to 50% of operating costs not to exceed $50,000

•

Reimbursement up to 50% of training assistance not to exceed $50,000

Who is SWAF For? Small businesses including women-owned and minority owned businesses that are in good standing and meet Maryland’s sports wagering licensing requirements are invited to apply. Eligible types of applicants: Class B1 or B2 sports wagering facilities license Online mobile sports wagering operators Contractors or vendors for sports wagering services Mobile sports wagering licensees

Larry Hogan, Governor Boyd Rutherford, Lt. Governor

Find Out More! To learn more about SWAF, including eligibility, program goals, and funding sources, go to our website at commerce.maryland.gov/swaf 8_2022