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.

A 69-year-old illegal gambling operator in Romulus has been sentenced in a Michigan County court after pleading guilty to a felony. Alongside her four other employees, Durham is the latest to be caught in an illegal gambling operation clampdown.

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.

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.

March Madness is here again, and so is the Big Ten Conference Tournament. Michigan will be represented by the Wolverines and Spartans, its two university men’s basketball teams. Competition schedule, betting odds and responsible gaming tips are now available.

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.

The MGCB is leaving no stones unturned in its commemoration of this year’s Problem Gambling Awareness Month. It has launched the Don’t Regret the Bet ad campaign to promote responsible gaming and fight problem gambling in the state.

A new survey reveals that college students are at great risk of problem gambling, while university authorities have failed to take action at curbing this menace. BetMGM, on the other hand, is looking to tackle gambling addiction through advertisements.

Michigan sportsbook witnessed yet another decline in revenue and betting handle for the month of January. While the difference on a month-over-month were barely substantial, yearly comparisons prove worrisome.