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Maryland Casino Revenue Dips 2.1% as Legal Battle Over Prediction Markets Intensifies

Maryland casino revenue fell 2.1% in August as MGM National Harbor declined 6.5%. Legal battle over Kalshi prediction markets could reshape US gaming landscape.

This news matters because it reflects broader trends in the gaming industry where traditional casino revenue faces pressure from both market saturation and emerging competition from digital platforms like prediction markets. For Maryland residents, casino revenue directly impacts state funding for education programs, as a significant portion of gaming taxes supports public education. The legal battle over Kalshi's prediction markets could redefine what constitutes legal gambling, potentially opening doors to new forms of online betting that consumers might access, while also creating regulatory challenges that could affect consumer protections and tax revenue streams for states nationwide.