Sports News

Michigan's sports betting handle has experienced a three-month decline, reaching its lowest level in 10 months at $235.9 million in June 2023. However, online revenue remained steady, with $18.3 million, indicating a 13.7% YoY increase.

A massive payout of $972,000 has caused retail sports betting in Detroit to end June 2023 in the negative zone. Nonetheless, the three Detroit casinos combined to generate $101.5 million in the month.

The NBA has released fresh details about the inaugural In-Season Tournament scheduled to be held between November 3 and December 9. Thirty teams drawn from last season’s performance will compete for a chance to win from a large prize pool.

Over 195 million shareholders of PointsBet have voted for the company to proceed with the acquisition deal worth $225 million proposed by Fanatics Betting and Gaming. This would mean Fanatics now expands to 12 more states, including Michigan, pending regulatory approval.

May was a slightly negative month for Michigan sports betting as the wagering handle slumped by 9.7% from last month to $305.3 million. However, FanDuel solidified its position as Michigan’s sportsbook leader collecting 17.2% of its wagers.

The NBA Draft 2023 has finally been completed and 19-year-old Victor Wembanyama emerged top pick for the San Antonio Spurs. Ausar Thompson also emerged 5th draft pick for the Pistons, alongside Marcus Sasser, who came in 31st pick.

Caesars Sportsbook has released odds for participating teams in the upcoming Big Ten Championship. These betting odds are available to players to make futures bets on the conference and have a sense of the possible performance of teams.

FireKeepers Michigan has recently announced an extension to its partnership deal with US Integrity that was signed last year. The deal will give FireKeepers continued access to integrity monitoring services through USI’s proprietary dashboard.

Caesars Sportsbook and Michigan State University have finally called off the controversial sports betting partnership deal between them. The news of the termination is coming months after regulatory action, stakeholder backlash and several petitions followed the deal.

Michigan has once again experienced a decline in its sports betting handle for the month of April. However, the state saw a general positive growth in its sports betting revenue, with FanDuel and DraftKings leading the charge.