Industry

The Michigan Wolverines men’s lacrosse team has made history by participating in their first ever NCAA tournament. The team marked their debut with a win over Cornell and will now face championship favorites Duke in the quarter finals.

Many Michigan tribes are starting to include legal cannabis production and sale into their business operations. This means tribes will now combine both casino and recreational marijuana profits for the use of their indigenous peoples.

Reports have shown that the Michigan gambling industry contributes one of the highest tax revenues to the state, after it generated $1.96 billion into state coffers in 2022. Revenue from gambling taxes is spent mostly on the School Aid Fund.

Nine Wolverines players were selected in the 2023 NFL Draft, with players joining top NFL teams such as the Seahawks, Cowboys, and Bengals. Coach Harbaugh also hit a milestone as players across all positions have been picked during his tenure.

Detroit may be home to the nation’s first cannabis casino with The REEF. Although the business is yet to get license from the MGCB, it already offers token coins and cannabis vouchers for casino games.

The Kentucky Derby kicks of the Triple Crown event on May 6. Bettors in Michigan can experience the thrill of one of the world’s most prestigious races by wagering on the FanDuel app.

Michigan tribal casinos have been plagued with several problems over the years, including poor revenue in the pandemic year. A recent report shows that tribal casinos are bouncing back and may be in for their best financial years yet.

Michigan sports betting has finally crossed $10 billion in all-time sports betting handle. It achieved this feat in March, the same month it recorded $100.9 million in revenue, the fifth highest ever in the state.

Michigan online casinos crossed $3 billion in lifetime revenue in March while achieving significant increases in revenue on a month-over-month and year-over-year basis. For a while, Michigan was also the online casino revenue leader in the country.

The NFL has indefinitely suspended a Lions wide receiver and a safety while handing out six-match suspensions to two wide receivers for varying offenses of violating the NFL gambling policy.