Industry

Sports Illustrated Casino made $584,466 in revenue in its first month as a licensed Michigan online casino. All 15 casinos lost their record breaking streak but together they made up to $5.29 million in revenue daily in a successful February.

The American Gaming Association has introduced a new code that prohibits promotional partnerships between colleges and sportsbooks in the country. The code, which is to take effect immediately, prevents the use of the term “free” in sports betting advertisement.

Gun Lake Casino, Gun Lake Tribe and Special Olympics Michigan have entered into a $2.5 million partnership. The deal involves sponsoring the transformation of a former college campus to a world-first Unified Sports and Inclusion Center training facility.

The Michigan Gaming Control Board released sports betting revenue figures in the Wolverine State. Sports betting handle and revenue fell in the state on a comparative scale to both January 2023 and February 2023 figures.

Michigan State University beat Marquette to set up a Sweet 16 tie against Kansas State. The two-time champions enter the Sweet 16 for the 15th time and would look to go past the round into the Elite 8 when they face third-seeded Wildcats.

Michigan online casinos brought in $148 million in February. This figure meant it did not extend its run of record revenue to a fifth month. Also, it achieved a 20% rise from last year but failed to top January’s record.

March 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.

The Michigan Gaming Control Board recently released February 2023 revenue figures for Detroit retail casinos and sportsbooks. This report showed an upward trend in revenue for casinos but a downward trend in sports betting handle across Michigan’s largest city.

Michigan and Colorado gaming regulators have released press statements debunking a CNBC report that WWE wagering was being considered in both states. In other news, the Spartans begin their NCAA Division I campaign against USC Trojans.

The WWE is looking to penetrate the Michigan and Colorado sports betting markets. According to a report by CNBC, discussions were held with regulators from both states as the WWE compared wagering on its scripted events to betting on award shows.