Online Gaming Revenue in Michigan Hits New All-Time High

michigan-state-seal-background-with-online-casino-gambling (1)

Lawmakers in Michigan have been working hard to expand the state’s gambling industry in recent years. It’s been successful and online gambling is now available throughout the state. New reports have surfaced claiming online gaming revenue in Michigan has just hit a new all-time high.

It’s exciting news for the gaming companies based here. Now is a great time to talk about how things might evolve here in the future. We’ll also discuss what other states are working to expand their gaming industries.

Let’s get into it!

Reports on Online Gaming Revenue in Michigan are Out

Michigan is known for having a large, successful gambling industry. Residents here love to debate what exactly are the best casinos operating in the state right now. Back in 2019, lawmakers approved a measure to formally legalize internet casinos.

This week, reports on online gaming revenue in Michigan for the month of August were released. Some were surprised to see that these revenue figures hit an all-time high. Revenue here increased by 5.3% when compared to July to $97.2 million.

$17.9 million was given to the state in the form of taxes. $4.9 million went directly to the city of Detriot. It seems that live dealer games were the most popular. These are table games live-streamed with a real dealer who collects wagers.

MGM Grand Detriot was the most successful gaming platform in the state. This platform managed to bring in $39,721,259 in total gross gaming revenue. Motorcity’s FanDuel platform came next with $14,228,809 million.

It seems likely that internet gambling revenue here will continue to increase as the year goes on. Stay tuned for more revenue updates over the next few months.

Michigan’s Sports Betting Handle Increased in August

Michigan allows more than just casino gambling. Back in March of 2020, the first regulated sportsbooks officially went live here. Two Detroit-based casinos launched their first sportsbooks, helping to draw in a huge number of local sports fans.

It now seems that August was a semi-successful month for this industry. The total sports betting handle came out to $208.6 million. That represents a slight increase when compared to July.

Sports betting revenue didn’t increase, though. The online sports betting operators here brought in $17.5 million over August. To the surprise of some analysts, this represents a more than 15% decrease when compared to July. Nearly $680,000 went to the state in taxes.

September is expected to be the most successful month of the year for the US sports betting industry. It was this month that the 2021/2022 NFL season kicked off. Tens of millions of dollars have already been placed on the first set of games this season.

More states are beginning to release their gaming revenue reports. Here’s a look at how much money other gaming destinations are bringing in right now.

States Report Casino Revenue Drops Over the Month of August

Historically speaking, August is a good month for the US casino industry. Casino revenue has been steadily increasing around the US over the past few months. Some experts predicted that gaming revenue would decline this August, though.

Cases of Covid-19 have been steadily increasing around the country. As a result, many are second-guessing their travel plans. Some casino hubs have been reporting slight drops in their tourism rates.

Massachusetts recently reported a large drop in casino revenue this August. The Encore Boston Harbor managed to bring in the most revenue. Plainridge Park saw the lowest revenue figures, yet the owners are now working hard to receive permission to offer more games to their patrons.

Louisiana and West Virginia also reported drops in their casino revenue figures. It remains to be seen how some of the larger gaming hubs around the country brought in last month. Stay tuned for updates!

Are you surprised to see the reports on online gaming revenue in Michigan? How much revenue do you expect casinos to bring in this September? Let us know in the comments section below.

March Madness Drives Michigan Online Betting’s March 2021 Figures

Basketball On A Court On Left And March Madness Bracket On Right And Logo In Center

The 2021 March Madness was the first time that Michigan residents could bet legally on college basketball’s postseason and for the Wolverine State, it was a slam dunk.

Based figures released by the Michigan Gaming Control Board, the state’s foray into legal online gambling continues to gain momentum, exceeding expectations that were first thought to be too high.

Effect of March Madness

The MGCB reported that a total of $359.4M were wagered online in March. That represented a 19.1% mark up from the previous month and the driving force behind the increase was March Madness, where the University of Michigan Wolverines made it all the way to the Elite Eight.

Meanwhile, the gross sports betting receipts or the money kept by oddsmakers totaled $32.3M. Combined with retail sports bets, the total betting handle for the month of March was $383.7M, which is 17.1% up on February’s haul of $325.6M. Michigan’s March 2021 handle ranked third in the entire United States, behind only New Jersey ($860M) and Philadelphia ($560M).

Since the start of legal Michigan sports betting in March 2020, oddsmakers in the Wolverine State have generated a lifetime handle of close to $1B which easily surpasses the original projections when the Michigan sports betting bill was being discussed.

Michigan Online Betting Figures

Online gambling launched in the state in mid-January. As of March, there were a total of 12 operators authorized to offer one or both forms of online gambling. BetMGM led all online operators with a gross receipts of $8.7M.

BetMGM, the online platform tied to the MGM Grand Detroit Casino, led the internet pack with almost $30.8M in gross receipts for the month of March. Meanwhile, FanDuel, the online sports betting platform provider of the MotorCity Casino Hotel, paced the online sports betting side with a total handle of close to $107.2M.

Online casinos reported a gross gaming revenue of $95.1M in March which was a 19.2% increase from its February figures. Taxes tied to online gambling are based on adjusted gross receipts and for the month of March 2021, those totaled to $88.7M for internet gaming and $19M for online sports betting.

Gun Lake Casino in Michigan Unveils $300M Expansion

Man With Spyglass and a Gun Lake Casino Image
The Gun Lake Tribe announced on Monday a $300M expansion plan that will transform its property in Wayland, Michigan to a resort casino.

Gun Lake Casino is set to add 250,000 square feet of gaming that will extend the property west toward US – 131. The project is expected to begin after its current project is expected to complete late this summer.

Said Gun Lake Tribe chairman Bob Peters in a statement:

“We are proud of the continued growth of Gun Lake Casino which is directly connected to the outstanding effort of our team members. The tribe remains steadfastly committed to reinvest in our collective future, for the benefit of tribal citizens, team members and the local community. This will provide even more employment opportunities and enhance Gun Lake Casino’s position as a tourism driver for western Michigan.”

Biggest Expansion Ever

The Gun Lake Casino has undergone several expansions since it opened in 2011. The current $100M expansion that kicked off in 2019 involves a 72,000 square foot area where 450 additional slot machines, 12 new table games, and a larger non-smoking area inside the casino. However, the planned $300M expansion will be its largest ever.

The $300M expansion is expected to include a 250 room hotel with luxury suites, dining options, and a full service spa. The casino is also planning to recreate its version of a year-round island oasis with a glass-domed pool. Guests will be able to rent private cabanas by the pool during the day. At night, the place will have a night life public entertainment space with DJs, live music, and dancing.

Contributions to the Economy

According to a report released by the Tribe last February, the Gun Lake Casino has contributed more than $2.8B for the economy of the Wolverine State since its opening on February 20, 2011. In that report, the tribe says that they have already inverted a total of $415M in the casino while directly pays $502M in employee wages.

Nearby towns and cities also benefit from the operation of the Gun Lake Casino through revenue sharing which totaled $35M in the past decade that it has operated. Last December, it distributed a total of $5.7M to state and local governments, despite shutting down for three months due to the COVID-19 pandemic.

Michigan Online Sports Betting Took in $301.9M in Wagers During February 2021

Closeup of Man Making Sports Bets on His Phone
The Michigan Gaming Control Board revealed the state’s internet gaming and sports betting revenues for the month of February on Tuesday and the figures were solid.

According to the MGCB, the Wolverine State’s online sportsbooks took in a total of $301.9M in wagers during February 2021, including Super Bowl LV bets. The online handle was 130% higher than the retail handle of $23.7M for the same month.

The MGCB reported that the state’s 12 online betting operators had a total of $79.7M in gross receipts from internet gaming for February 2021 while also accumulating $9.5M in gross receipts from online sports betting. These resulted in a total of $14.1M in tax revenues for the state.

Said Michigan Gaming Control Board executive director Richard S. Kalm:

“Michigan residents and visitors continued to show strong interest in internet gaming and sports betting during a snowy and cold February. “The internet gaming taxes more than tripled, but that’s what we expected with a full month of gaming. This means more funding for the City of Detroit, K-12 education, economic development and tribal communities.”

Little Revenue from Sports Betting

MotorCity Casino Hotel, which has FanDuel as its platform provider, collected the most bets for February 2021 with a total of $87.2M. MGM Grand Detroit, powered by BetMGM, came in second with $75.7M in total bets. The DraftKings powered Bay Mills took in $72.9M while Barstool Sports at Greektown Casino had an online handle of $40.3M last month.

Interestingly, only BetMGM posted positive receipts among the Top 3 with $5.3M in gross receipts and $2.4M in adjusted gain or $140,000 in tax payments. FanDuel reported an adjusted loss of $5.4M for February while DraftKings posted a $5.1M adjusted loss for the same month. Neither Fanduel and DaftKings reported any state tax payments for the second consecutive month.

Emerging as a Top Market

Combined with retail sports betting in casinos around the Wolverine State, Michigan sportsbooks saw a total of $325.6M in sports bets during the month of February. That’s the fifth largest total for any state for the month of February, making Michigan the 5th largest sports betting market in the United States, at least for the month.

DraftKings CEO Jason Robins raved about his company’s early iGaming success in Michigan. Per Robins, Michigan’s iGaming handle per capita on Super Bowl Sunday was nearly twice the per capita handle New Jersey, Pennsylvania and West Virginia iGaming Apps for their first Super Bowl despite the three states going live for for an average of 179 days and Michigan going up for only 17 days on the average.

MGCB Approves the Launch of 11th Online Sports Betting Operator in Michigan

Person Browsing a Sports Betting Site on a Tablet
The Michigan Gaming Control Board announced on Monday that it has approved another online gambling operator in the Wolverine state.

Four Winds Casino received the green light to commence online gambling activities through its platform provider Pala Interactive LLC. The new online Michigan sports betting and online gaming operator was permitted to go live as of noon on Monday.

Said MGCB Executive Director Richard Kalm in a statement:

“We welcome the addition of Four Winds Casinos and Pala Interactive to Michigan’s growing online gaming and sports wagering market. Their participation will generate revenue to support education, economic development and the Pokagon Band’s tribal community.”

Four Winds Casino Brand

The Four Winds Casino and Pala Interactive LLC partnership is the 11th online operator to offer Michigan sports betting and online gaming. The Four Winds Casino brand is operated by the Pokagon Band of Potawatomi Indians. It currently has three properties in the western portion of the state near Lake Michigan, namely Dowagiac, Hartford, and New Buffalo.

Although the Four Winds and Pala partnership missed out on the Super Bowl, it will have three weeks to prepare for the next biggest sporting spectacle in the United States in the NCAA Basketball tournament. The University of Michigan Wolverines are one of the top basketball teams in college basketball and their success could spark March Madness bets in the state.

First State to Open Three Verticals Simultaneously

Michigan sports betting was legalized on December 20, 2019 after Bills S4916 and H4311 were passed and signed by Governor Gretchen Whitmer. Physical sportsbooks became operational after the Michigan sports betting bills were signed. However, it was only last January 22, 2021 when online sports betting commenced in the Wolverine state.

The Michigan Gaming Control Board has been tasked to administer and regulate Michigan sports betting and online gaming. So far, it has approved a total of 15 mobile gaming licenses. Online poker and online gaming also launched on January 22nd, marking the first time that a U.S. state chose to open the doors on the three verticals simultaneously.

Michigan to Launch Online Sports Betting on January 22

Odds Board and Money

Bettors in the Wolverine State will finally be able to place legal online sports bets on January 22 after officials revealed the launch on Tuesday.

In a statement, the Michigan Gaming Control Board authorized nine gambling operators to start accepting online sports bets at noon of Friday, January 22nd. Per MGCB executive director Richard S. Kalm:

“The Michigan Gaming Control Board and the state’s commercial and tribal casinos will begin a new era Jan. 22 with the launch of regulated online gaming and sports betting. Michigan residents love sports and, judging by inquiries we’ve received, eagerly anticipate using mobile devices to place bets through the commercial and tribal casinos. Online gaming and sports betting will provide the casinos with new ways to engage with customers while the state and local communities will benefit from taxes and payments on wagering revenue.”

Just in Time For the NFL Conference Championship Games

Michigan legalized sports betting in 2019 but up until 11:59 a.m. of Friday, January 22nd, punters had to place their bets in person at retail venues. However, that will change later this week with the launch of legal Michigan online sports betting which is just in time for Sunday’s NFL Conference championship games.

The nine legal Michigan online sports betting operators that are set to go live on Friday are DraftKings, WilliamHill, FanDuel, Golden Nugget Online Gaming, Rush Street, BetMGM, Wynn, and Barstool Sports. According to the MGCB, more operators are expected to receive authorization in the coming weeks.

A Lucrative Revenue Source

Friday’s launch comes 12 months after Gov. Gretchen Whitmer signed a bill to legalize online gambling in the Wolverine State. The commencement of legal Michigan sports betting should be a lucrative revenue source for the state’s casino industry which struggled in 2020 because of the coronavirus pandemic.

The three casinos in Detroit saw a 56% decrease in combined annual revenue in 2020. The MGCB says that legal Michigan sports betting and online gaming could be a way for casinos to make up for the losses they suffered due to the pandemic. At the same time, it will generate tax revenue for Detroit and the state.

Online Tax Rates

Legal Michigan online sports betting will be taxed at 8.4% which is one of the lowest in the United States. The tax rate and payment rate for internet gaming ranges from 20% to 28%. For Detroit casinos, 30% of all online gambling taxes will be allocated to the city while 65% will be allocated to the state Internet Sports Betting Fund or the state Internet Gaming Fund. The other 5% will go the Michigan Agriculture Equine Industry Development, capped at $3M per year from each tax source.

Meanwhile, 90% of legal Michigan online sports betting tax collections of Tribal casinos will go to the Internet Sports Betting Fund while 10% will go to the Michigan Strategic Fund. As for Tribal online gaming payments, 20 % will go to local jurisdiction governing body for services, 70% to the Internet Gaming Fund, and 10% to the Michigan Strategic Fund.

PointsBet Named as Sports Betting Partner of Detroit Pistons

Sports Betting Graphic and Man Holding Fan of Money
Fast growing sportsbook PointsBet announced on Thursday that is has become a sports betting partner of the NBA’s Detroit Pistons team.

PointBet was one of the 15 gambling operators to receiver a provisional license to launch legal Michigan online sports betting ahead of the state opening its legal internet sports wagering market.

Said PointsBet USA CEO Johnny Aitken:

“PointsBet is thrilled to partner with the Pistons, aligning with a first-class organisation supported by particularly passionate fans. We’re proud to increase our investment in the Detroit and greater Michigan sports community after joining forces with the Detroit Tigers last July. Michigan is a fantastic sports state, and we look forward to the opportunity to soon serve Michigan sports bettors on a personalised platform with unrivalled speed and ease of use, now alongside both the Pistons and brand ambassador Rip Hamilton – a storied champion at both the collegiate and professional levels who’s work ethic and spirited style embodies the PointsBet philosophy.”

Rip Hamilton as Brand Ambassador

Three-time NBA All-Star and member of the Pistons’ 2004 championship team Richard “Rip” Hamilton has been named as PointsBet brand ambassador. Hamilton, who led the Pistons to six straight appearances in the NBA Conference Finals and back to back trips to the NBA Finals, will also be the face of the gambling company’s Michigan-based sports betting products as it prepares for the expected launch of Michigan legal sports betting.

According to PointsBet, they will leverage Hamilton’s knowledge of basketball and his familiarity with the Detroit sports atmosphere and align his insights with the company’s product offerings. His addition to the team will complement PointBet’s aim to provide the highest quality and most comprehensive sports betting experiences to its customers.

PointsBet Branding

With the partnership, PointsBet will have the rights to in-game, broadcast-visible signage opportunities. PointsBet branding will also be displayed at the team’s website Pistons.com as well as in its mobile app, and the team’s social media channels. The deal also gives PointsBet the full usage of Detroit Pistons IP, marks, and logos plus sponsorship opportunities

Michigan legal sports betting is expected to be launched later this month. However, PointsBet is expected to release soon its market-leading sports betting app for sports bettors within Michigan.Those who are interested can participate in the company’s free-to-play challenge, the PointsBet Pick 6, which is a contest-style game that allows sports fans in the country to experience PointBet’s top of the line service and technology while having the opportunity to win $25,000 per week.

Penn National Gaming to Open Three Barstool Sportsbooks This Week

Penn National Gaming
Three Barstool-branded sportsbooks will be opened by the end of the week in three regional casinos owned by Penn National Gaming.

According to the Pennsylvania-based casino operator, Barstool sportsbooks will open on December 23 at the Greektown Casino Hotel in Detroit, Michigan and at the Hollywood Casino Lawrenceburg in Indiana. Meanwhile, another Barstool sportsbook will be launched at the Ameristar East Chicago Casino & Hotel on Christmas Eve.

The Barstool sportsbook at Greektown is located at the second floor adjacent to the table gaming area. Meanwhile, Penn National rebranded the the existing sportsbooks situated in the entrance to the casino floor of Hollywood Lawrenceburg and by the entrance of Ameristar East.

Per Penn National SVP of Regional Operations Rafael Verde:

“The new designs incorporate the spirit of the Barstool Sports brand, resulting in unique sports wagering and dining experiences that we expect our customers will thoroughly enjoy.”

Part of the Rollout

The opening of the three sports betting shops is part of the rollout discussed by Penn National Gaming CEO Jay Snowden during the company’s third-quarter conference call last October. It can be recalled that Penn National Gaming kicked off the launch last month at the Ameristar Black Hawk in Colorado.

All three new locations feature a sports viewing area and dining space. It also has a betting counter with a large odds board, numerous betting kiosks, and ticker writing stations. The wagering area is close to the dining area and has several television sets showing different sports action from across the country.

Increasing its Reach

Penn National Gaming hopes to change and increase the reach of the demographic make-up of its customer base which is currently made up of the 45 and older age group. Last January, Penn National acquired a 36% stake of the sports media platform Barstool for $136M.

With the acquisition, Penn National hopes to take advantage of the estimated 66 million viewers of its website and social media content to improve its market standing. Currently, Penn National operates 41 gaming locations in a total of 19 states. That number will soon increase to 42 and 20, respectively, as it announced last week the purchase of the Hollywood Casino Perryville in Maryland.

Detroit Casinos Are Expected to Reopen This Week!

MGM Grand Detroit

The state of Michigan is home to a huge number of world-class casinos. A few of them are located in Detroit. Back in November, Governor Whitmer ordered all of the casinos throughout Michigan to close down. On December 23rd, Detroit casinos are expected to open their doors again.

Gambling fans in this area are excited. Some health experts, however, fear that reopening the state’s casinos could lead to another increase in Covid-19 cases. Today, we’ll talk about the current plan to get casinos reopened in Michigan.

Let’s get into it!

US Casinos See Major Dips in Revenue Last Month

The entire US casino industry has been surging for the past few years. Major gambling destinations such as Atlantic City and Las Vegas saw their casino revenue increase. Many smaller casino hubs also began seeing a large increase in their gambling earnings.

We also saw states recently expand their casino industries. There are currently several different casino-resorts scheduled to open in Nevada next year. Illinois also approved a capital plan that allows several new casinos to open throughout the state.

As most are aware, the progress being made in this industry came to a complete halt this year. Every state ordered casinos to shut down back in March. It took months for any casinos to allow their commercial casinos to reopen again.

It’s been nine months since the shutdowns took place. Incredibly, this industry is still a long way away from a complete recovery. Several states recently ordered their commercial casinos to close their doors again. It’s proving to be incredibly difficult for the casino companies operating throughout the United States.

Michigan was one of the states that recently ordered commercial casinos to close down once again. This shutdown was never expected to last forever. We’re now beginning to hear about when the casinos here will finally reopen to the public.

It’s been a difficult time for the casino companies in Michigan. Here’s what you need to know about the major casino-resorts in the city of Detroit!

Detroit Casinos Have Permission to Reopen on December 23

There are a huge number of different casinos spread around the state of Michigan. Many of these are Native American-run casinos that aren’t forced to abide by state regulations. The commercial casinos here, however, have been closed down since mid-November.

New reports claim that Detroit casinos have been given permission to open back up on December 23. Over the weekend, Governor Gretchen Whitmer lifted regulations that are keeping casinos closed to the public. These venues can reopen on Wednesday with a total capacity of 100 individuals.

MGM Grand Detroit remains the largest and most profitable gambling property in this city. David Tsai, president of Midwest Group, MGM Resorts International, spoke about the plans to reopen this property to the media this week.

“Our team is prepared to welcome back just as many guests on our casino floor as we had prior to our closing in November, socially distanced across our 150,000+ sq. ft. casino floor,” Tsai said. 

The MGM Grand Detroit is set to reopen at 5 pm on Wednesday. MotorCity Casino Hotel will open its doors again at 1 pm Wednesday. Greektown Casino-Hotel, the final casino in the city of Detroit, will finally open back up at 9 pm on Wednesday. Each of these properties will continue to order mask-wearing and are limiting the number of games available to players.

Casino revenue in Michigan has dropped by 55% throughout 2020. Hope is that the situation here begins to improve as 2021 progresses.

MI’s Online Sports Betting Industry is Set to Launch Early Next Year

Land-based casino revenue has been dropping consistently throughout the year. Sports betting revenue, however, has been increasing throughout the year. Many of the states with legal sports betting options are bringing in much-needed tax money from this industry.

Sports betting has also helped to bring many of the country’s casino companies revenue. Some of the top casino operators in the country have recently begun shifting their focus to sports gambling. Lawmakers in Michigan finally legalized sports betting back in 2019.

In March of this year, the first sportsbooks in this state finally launched. Only land-based sports betting is currently available here. Many have been asking state officials to finally announce when online sportsbooks will launch.

It seems we now have an answer. New reports have recently surfaced that claim the state’s first online sports betting options will become available in early 2021. This move is almost guaranteed to bring a massive increase in revenue here.

Based on the way things are going, Michigan’s gambling industry is set to expand in a big way next year. Detroit casinos will reopen to the public this week. Online sportsbooks are set to go live in early 2021.

Are you excited to see the casinos in Detroit reopen to the public? When do you expect the casino industry to recover here? Let us know in the comments section below!

Casinos in Detroit Will Lose More than $60 Million During Shutdowns

Casino Floor In Michigan

Michigan is home to a large number of commercial and Native American casinos. Several of the commercial gambling venues in the state are based in Detroit. Unfortunately, new reports claim that the casinos in Detroit are likely to lose more than $60 million due to the most recent shutdowns.

It’s tough news for the casino companies based in this state. Several other states have recently implemented casino shutdowns, as well. Today, we’re going to talk about how things are going for the casinos based in the state of Michigan.

Let’s get into it!

More States Begin Considering Additional Casino Regulations

The land-based casino industry in the United States has been working extremely hard to get back on track this year. This past March, all of the casinos around the country were forced to shut down. It took months for most casinos to start operating again.

Nevada’s casino industry has been slow to recover. Monthly earnings are increasing, yet they remain far lower when compared to the same months in 2019. Many of the casinos in Las Vegas have been forced to shift their hours due to a drop in tourism.

Atlantic City has been faring slightly better. The online sports betting and casino gambling options are bringing the state valuable revenue each month. Casinos here have already been seeing small restrictions being set in place. Not long ago, Governor Murphy announced that new, more intense restrictions could be coming soon.

Many states have recently begun ordering their casinos to shut down. That includes Michigan, Colorado, and Illinois. It’s unclear when exactly the casinos in these states will be given permission to reopen again.

It now appears that several other states are interested in shutting down casinos, as well. Many health experts have been warning that these venues pose serious risks to public safety. Casino officials are pushing against this idea and claim this could have permanent effects on the industry moving forward.

We’re now starting to see how much money these shutdowns are costing companies.

Reports Claim the Casinos in Detroit Will Lose More than $60 Million Since Shutting Down

Michigan has been implementing very intense regulations over the past few months. Earlier this week, Governor Whitmer ordered all of the casinos in this state to close their doors. Many complained that this was unfair to the gambling companies operating here.

Lawmakers disagreed and felt there was no other option. Michigan has been seeing a steady increase in Covid-19 cases over the past few months. Closing casinos was seen as a way to cut down on further infection spread.

It’s now becoming clear that this will have a dramatic effect on the state’s casino industry. That’s particularly true with the casinos based in Detroit. According to new reports, the casinos in Detroit will lose more than $60 million due to the recent shutdowns.

That is a staggering figure to hear. Prior to these shutdowns, Detroit casinos were bringing in impressive revenue figures. They are now being ordered to close for three weeks, which analysts predict will cost approximately $67 million.

Sports betting became legal in Michigan this year. Unfortunately, hopes that regulated online sports betting options would become available this year are now dead. Most predict this will happen sometime in 2021.

Regulated online gambling options are helping to bring in a huge amount of revenue for different states. Several states are interested in legalizing this industry now.

The US Online Sports Betting Industry Continues to Grow

It’s only been a few years since the US Supreme Court decided to strike down PASPA. This was one of the biggest moves for the country’s gambling industry in history. Immediately afterward, several states began allowing sports wagering.

This industry has continued to grow every single year. Today, more than half the country has approved sports betting legislation up and running. Most of these states are profiting massively, as a result.

Some states currently only allow sports wagers to be made in-person through a licensed sportsbook. Others have fully-operational online sportsbooks. Online sports betting platforms are proving to be the best option out there.

New Jersey, for example, has been seeing massive revenue earnings from its online sports betting operations lately. The sports betting handles here have been hitting all-time US records. It’s great for the casino companies here, all of whom have seen major drops in their gaming revenue this year.

Hopefully, Michigan’s sports betting industry will begin to expand soon. The casinos in Detroit are in for a tough few weeks. We’ll continue offering updates on this situation!

Do you think it was right for the casinos in Michigan to shut down? Let us know in the comments section below!