Industry
Hard Rock Eyes Michigan as BetRivers Parent Company Goes up for Sale
By: Jessica AletorBetRivers’ parent company is up for sale and DraftKings is a potential buyer. Hard Rock is also eyeing the license but is yet to make a decision. DraftKings may choose to make a move on RSI and integrate BetRivers.
27/03/2024/
IndustrySparse Events and Games in February Causes Slump in Michigan Sport Betting Handle
By: Jessica AletorMichigan online sportsbooks recorded $402.6 million in handle. FanDuel had the highest share of the month’s $30.5 million in combined revenue. FanDuel improved its market share and Fanatics rose to sixth position. The number of online sportsbooks in Michigan shrunk.
27/03/2024/
IndustryMichigan Online Casinos Surpass Revenue Records Four Consecutive Times
By: Jessica AletorMichigan online casinos’ gross receipts hit $188 million setting another record in the state’s history. February’s revenue brought Michigan’s lifetime revenue closer to the $5 billion mark. FanDuel closed in on BetMGM while DraftKings trailed behind in the third position.
26/03/2024/
IndustryMichigan Lottery Extends Partnership with Pollard Banknote for Five Years
By: Jessica AletorMichigan Lottery has extended its partnership with Pollard Banknotes through a new 5-year deal. The extension is evidence of a successful working relationship spanning 28 years. Pollard’s engagement in Michigan has created numerous jobs and generated tax revenue.
20/03/2024/
IndustryFebruary Revenue at Detroit Casinos Crosses $100M Mark After Poor Start to 2024
By: Jessica AletorDetroit Casinos saw positive growth in February’s monthly revenue as MGM Grand Detroit continues to lead in market share. However, the year’s average monthly revenue is still below industry expectations while retail sportsbooks also suffered losses.
18/03/2024/
IndustrySI Casino MI Faces Closure as 888 Ends Deal with Authentic and Exits US Market
By: Jessica Aletor888 Holdings has announced the termination of its partnership with Authentic Brands Group, owner of Sports Illustrated brand. As a result, the SI sportsbook and online casino license may become openly available in Michigan once again.
13/03/2024/
IndustrySuzanna Shkreli Appointed by Michigan Governor to Head State’s Lottery Agency
By: Jessica AletorGovernor Whitmer has named Suzanna Shkreli as the new Michigan Lottery Commissioner, with former commissioner, Jessica Weare, taking up a new government position. Shkreli was formerly Michigan’s Director of Juvenile Justice Reform.
11/03/2024/
IndustryAmerican Gaming Association Ranks Michigan as Major US Gambling Market
By: Jessica AletorMichigan ranked second on the top three list for highest gross online casino revenue in 2023, closely edging out New Jersey. Detroit casinos also maintained top 10 status on the AGA’s ranking of casino markets by revenue.
06/03/2024/
IndustryGolden Nugget Pens Deal with Bragg Gaming as Part of Michigan Expansion Efforts
By: Jessica AletorGolden Nugget has added new games from Bragg’s Atomic Slot Lab to its catalog after securing a landmark agreement with the game’s supplier. The casino has also recently transitioned into a casino-only business after its sportsbook recorded consistently poor performances.
06/03/2024/
IndustryMarch Madness Kicks Off With Upsets, Promotions and Special Betting Odds
By: Jessica AletorMarch Madness is now live with the First Four Round already completed. Michigan State University begins their campaign against USC Trojans with quite interesting odds available for players on Michigan online sportsbooks.
29/02/2024/
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