Sports Betting

The Super Bowl is set to take place on February 12, 2023, and in anticipation of one America’s most viewed and most bet-on event, the MGCB has advised that players gamble responsibly and avoid high-risk situations.

Leadstar Media has now been granted a sports betting license in Michigan after a series of expansion activities in North America. It seeks to tap into the Michigan sports betting market that made a total revenue of $418.6 million in 2022.

A Michigan bettor on the Caesars Sportsbook platform is looking to double his cash of $330,000 after placing a bet on the Bills to win in their upcoming match against the Bengals.

The MGCB has approved the operating license of eCOGRA, a UK-based independent testing lab, while in the same breath advocating for responsible gaming practices among youths. eCOGRA is the first non-US lab allowed to provide regulatory certifications to sportsbooks in Michigan.

Michigan sportsbooks witnessed significant growth this year, with massive events and rise in revenue. Tax revenues and total wagering amounts reached an all-time high in 2022, alongside other major achievements. The state’s total sportsbook handle also rose to $7 billion, compared to last year’s figures.

Sportsbooks in Michigan did not only see a reduction in handle, but their overall revenues dipped after figures revealed by the Michigan Gaming Control Board. However, some operators managed to stand out, controlling a large share of gaming activity in the state.