Michigan clears CDI for advance-deposit wagering

09/07/20

Churchill Downs will be allowed to offer advance-deposit wagering on horse racing in the state.

US.- The Michigan Gaming Control Board (MGCB) has paved the way for Churchill Downs Incorporated to offer online advance-deposit wagering in the state.

Churchill Downs will be able to offer the service through third-party operator Northville Downs, the only racecourse in the state with a licence to offer advance-deposit wagering.

The Michigan legislature amended the law to enable pari-mutuel racing wagering through third-party deals with MGCB-approved mobile race betting back in June.

Richard Kalm, executive director of the MGCB, said: “This new way of betting should increase interest in horse racing and provide additional funds for the industry.”

Horse racing is one of the many sectors of the gaming industry suffering from the impact of the Covid-19 pandemic. The Kentucky Derby’s wagering handle on Saturday was down 49.8 per cent on last year’s figures.