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Pennsylvania, Michigan and Maryland report mixed February gaming revenue

Regulation

Gaming revenue figures for February showed declines in Pennsylvania and Michigan, while Maryland reported lower iGaming revenue but higher sports betting revenue than a year earlier. Pennsylvania receipts were $477.2m, down 4.38% year on year, and Michigan operators reported $268.5m from iGaming and sports betting, down 18.9% from January.

Operators and investors can compare declining Pennsylvania and Michigan figures with Maryland’s differing iGaming and sports betting trends.

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Regulation

Michigan Gaming Control Board approves fixed-odds horse-racing wagers online

Michigan’s Gaming Control Board approved fixed-odds horse-racing wagers for the state’s regulated online betting market, according to the report. The option lets customers lock in odds when placing a bet; the board’s executive director said the change responds to bettor demand.

The Michigan Gaming Control Board has approved fixed-odds wagering on horse racing in the state's regulated online sports betting market, according to the report. The format lets customers lock in their odds when a bet is placed, instead of relying on a traditional pari-mutuel pool.

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