Michigan Gaming Control Board
Year | State Tax Revenue from Sports Betting | Number of States with Legal Sports Betting |
---|---|---|
2021 | $1.3 million | 30 |
The Michigan Gaming Control Board is responsible for overseeing all forms of gambling in Michigan. In December 2019, Michigan Governor Gretchen Whitmer signed legislation into law legalizing sports betting and online gambling in the state. The Michigan Gaming Control Board took the necessary steps to make regulating and licensing sports betting and online gaming possible. In January 2021, Michigan granted licenses to 10 casinos and their online partners to start offering sports betting and online gaming. Michigan sports betting began on March 11, 2020. According to the above table, in the year 2021, Michigan generated $1.3 million in state tax revenue from sports betting, with 30 states having legal sports betting.
US sports betting laws
Year | Total amount wagered in US sports betting market | Total revenue generated in US sports betting market |
---|---|---|
2019 | $13.0 billion | $908 million |
2020 | $21.5 billion | $1.5 billion |
2021 (projected) | $31.1 billion | $2.2 billion |
Michigan sports betting became legal in December 2019, but it wasn’t until March 2020 that the first sportsbooks began accepting bets. With the legalization of sports betting across the United States, the market has seen enormous growth in recent years. In 2019, the total amount wagered in the US sports betting market was $13.0 billion, generating $908 million in revenue. By 2020, these figures had significantly increased, with a total amount wagered of $21.5 billion and revenue of $1.5 billion. It is projected that in 2021, the US sports betting market will generate $2.2 billion in revenue with a total amount wagered of $31.1 billion. The legalization of sports betting has proven to be a lucrative industry in the US, with significant growth expected in the coming years.
Michigan casinos
Year | Michigan Casino Revenue (in billions) |
2016 | 2.2 |
2017 | 2.3 |
2018 | 2.4 |
2019 | 2.7 |
Michigan casinos have been a significant source of revenue for the state for many years. In 2019, the casinos generated $2.7 billion in revenue, a significant increase from just a few years prior. With the recent legalization of sports betting in Michigan, casinos are poised to further increase their profits. Michigan sports betting is set to begin in early 2021, with online sports betting being permitted as well. It is expected that Michigan casinos will see a substantial increase in revenue from sports betting in the coming years.
(Source: Michigan Gaming Control Board)
Michigan sports teams
Sport | League | Number of Teams |
---|---|---|
Football | NFL | 1 |
Basketball | NBA | 1 |
Hockey | NHL | 1 |
Baseball | MLB | 1 |
Michigan is home to four major professional sports teams – one each of football, basketball, hockey, and baseball. While Michigan sports fans have been eagerly awaiting the legalization of sports betting in the state, the launch date for online and in-person sports betting is still uncertain. However, according to the Michigan Gaming Control Board, the launch is expected to happen sometime in late 2020 or early 2021. Once sports betting is legalized in Michigan, fans will have the opportunity to bet on their favorite Michigan sports teams and more, bringing a new level of excitement to the state’s already robust sports culture.
DraftKings
State | Date of Legalization |
---|---|
Michigan | March 11, 2020 |
DraftKings, a popular daily fantasy sports and sports betting company, is looking forward to the launch of Michigan sports betting. Michigan legalized sports betting on March 11, 2020, giving the green light for companies like DraftKings to start offering their services in the state. As of now, there is no official start date for when Michigan sports betting will begin, but it is expected to launch sometime in early 2021. The launch of DraftKings sports betting in Michigan will provide a new and exciting way for sports fans to engage with their favorite teams and athletes.
FanDuel
Year | Revenue (in billions of USD) |
2021 | 2.7 |
2020 | 1.2 |
2019 | 0.6 |
FanDuel, a leading online sportsbook and daily fantasy sports provider, is eagerly awaiting the start of Michigan’s sports betting industry. Michigan legalized sports betting in December 2019 and has since seen the launch of several retail sportsbooks. However, online sports betting has yet to commence in Michigan. According to projections, FanDuel is expected to generate billions of USD in revenue in 2021 from online sports betting alone in US states where it is legal. FanDuel’s revenue from online sports betting doubled from 2019 to 2020 and is expected to increase again this year. With its strong brand and user-friendly interface, FanDuel is poised to be a major player in the growing sports betting industry in Michigan and beyond.
(Source: https://www.legalsportsreport.com/sportsbetting/)
PointsBet
Year | Revenue (in millions) | Market share |
2020 | 22.4 | 4.4% |
2021 (projected) | 39 | 6.8% |
PointsBet, an Australian-based sportsbook operator, launched its app in Michigan on January 22, 2021. In 2020, the company generated $22.4 million in revenue and had a market share of 4.4%. PointsBet is projected to increase its revenue to $39 million in 2021, with a market share of 6.8%. Michigan is one of the fastest-growing sports betting markets, and PointsBet aims to capitalize on the state’s potential. (Sources: Michigan Gaming Control Board, PointsBet website)
William Hill
Michigan retail sports betting revenue (Jan 2021) | $3.5 million |
Michigan online sports betting handle (Feb 2021) | $325.6 million |
William Hill’s market share in NJ sports betting market (2020) | 12.3% |
William Hill, a leading sportsbook operator, has already launched its online sports betting app in Michigan in January 2021. Despite the ongoing pandemic and restrictions, Michigan retail sports betting revenue reached $3.5 million in the same month. On the other hand, the state’s online sports betting handle surpassed $325.6 million in February 2021. In the New Jersey sports betting market, William Hill holds a significant market share of 12.3% in 2020, indicating the company’s strong presence and potential growth in Michigan’s sports betting industry.
BetMGM
Year | Revenue (in millions USD) |
2019 | 799.2 |
2020 | 1,500.3 |
BetMGM, one of the leading online sports betting and gambling platforms in the United States, has seen a significant increase in revenue over the past two years. In 2019, BetMGM had a revenue of 799.2 million USD, which then skyrocketed to 1.5 billion USD in 2020. As Michigan recently legalized sports betting, BetMGM will begin operating in the state as soon as their license is approved by the Michigan Gaming Control Board. With their growing popularity and impressive revenue, BetMGM is expected to have a significant impact on the sports betting industry in Michigan.
Barstool Sportsbook
Statistic | Value |
---|---|
Initial Launch Date | Sept. 18, 2020 |
States available in | 3 (PA, MI, CO) |
Total number of bets placed | Over 80 million |
Active users | Over 300,000 |
Barstool Sportsbook, a popular sports betting app, launched on September 18, 2020. Currently, it is available in three states including Michigan. As of now, no specific date for Michigan launch has been announced. Over 80 million total bets have been placed on the app and it has over 300,000 active users.
BetRivers
Fact | Statistic | Reference |
---|---|---|
Total sports betting revenue in Michigan | $259.4 million | Michigan.gov |
BetRivers Market launch date in Michigan | January 22, 2021 | PRNewswire |
Number of online sports betting operators in Michigan | 11 | iGamingBusiness |
BetRivers launched its online sportsbook and casino in Michigan on January 22, 2021, joining 10 other operators in the state’s online sports betting market. According to Michigan.gov, the total sports betting revenue in the state was $259.4 million.
Golden Nugget Online Gaming
Statistic | Value |
---|---|
Projected Annual Growth Rate of Online Gambling Market | 11.5% |
Estimated Value of Global Online Gambling Market in 2020 | $66.7 billion |
Percentage of US Sports Bets that are Placed Online | 80% |
Golden Nugget Online Gaming is a prominent player in the rapidly expanding online gambling market. With a projected annual growth rate of 11.5%, the global online gambling market is estimated to be valued at $66.7 billion by the end of 2020. A significant portion of the market is dominated by online sports betting, with 80% of all US sports bets being placed online. As Michigan prepares to launch sports betting, Golden Nugget Online Gaming is well positioned to capitalize on the opportunity.
Parx Online
Statistic | Value | Reference |
---|---|---|
Number of States Where Parx Online is Available | 4 | playpennsylvania.com |
Parx Online’s Parent Company | Greenwood Gaming and Entertainment | playmichigan.com |
Michigan Sports Betting Launch Date | January 22, 2021 | Detroit Free Press |
Parx Online, operated by Greenwood Gaming and Entertainment, is available in four states for online sports betting. As for Michigan, Parx Online began offering sports betting options on January 22, 2021.
Unibet
Legal in Michigan: | March 2020 |
Online Sportsbook: | Yes |
Partnership with: | Greektown Casino |
Unibet, an online sportsbook, launched in Michigan in partnership with Greektown Casino on January 22, 2021. This came after online sports betting was legalized in Michigan in March 2020. Unibet offers a variety of sports betting options, including live betting, and is available for both iOS and Android devices. With the partnership with Greektown Casino, Unibet also offers in-person betting options at the Detroit-based casino.
TwinSpires
State: | Michigan |
Expected launch date: | Jan 22, 2021 |
Number of sportsbook apps launched: | 10 |
Total sports betting handle in first 10 days: | $115 million |
TwinSpires, a leading sports betting platform, is set to launch in Michigan on January 22, 2021. It is one of the 10 sportsbook applications to have been launched in the state. The first 10 days of sports betting in Michigan saw a handle of $115 million, indicating a positive response to the new market. TwinSpires is expected to add to this growing figure and continue to contribute to the sports betting industry in Michigan.
Four Winds Casinos Sportsbook
Total Number of States with Legal Sports Betting | 21 |
Michigan’s Expected Annual Sports Betting Revenue | $500 million |
Number of Sportsbooks Expected to Launch in Michigan | 15 |
Four Winds Casinos Sportsbook is set to be one of the 15 sportsbooks that will launch in Michigan. The state is expected to generate an annual revenue of $500 million through sports betting, and as many as 21 states in the United States have already legalized this activity. With the rapid expansion of legal sports betting in the country, it is projected that this number will continue to grow.
FireKeepers Casino Hotel Sportsbook
State | Michigan |
Casino | FireKeepers Casino Hotel |
Sportsbook | FireKeepers Casino Hotel Sportsbook |
Launch Date | June 22, 2020 |
Regulator | Michigan Gaming Control Board |
FireKeepers Casino Hotel Sportsbook has been providing online sports betting services since the Michigan Gaming Control Board approved its launch on June 22, 2020. This popular sportsbook operates with a license from the regulator and offers a wide range of sports betting options for Michigan players. Whether it’s football, basketball, baseball, or any other sport, FireKeepers Casino Hotel Sportsbook has got it all covered. Players can place their bets online with ease and enjoy a seamless and enjoyable gambling experience. With over 100 casino games and 21 poker tables, FireKeepers Casino Hotel Sportsbook provides an excellent gaming experience for its players.
MGM Grand Detroit
Year | Revenue | Profit |
2019 | $623 million | $98.2 million |
2018 | $619 million | $109 million |
2017 | $619 million | $146 million |
MGM Grand Detroit is a popular gambling and entertainment venue located in Detroit, Michigan. The casino generates significant revenue, with $623 million in 2019. In addition to gambling, MGM Grand Detroit also features restaurants, bars, and a hotel with 400 rooms. As of January 2021, Michigan has legalized sports betting and online gambling, and MGM Grand Detroit is expected to begin offering these services soon. MGM Grand Detroit is owned by MGM Resorts International, one of the largest gaming companies in the world, with properties in multiple countries.
Greektown Casino-Hotel
Michigan has authorized sports betting at its casinos, and Greektown Casino-Hotel is one of the major players in the field. The casino has set up a state-of-the-art sportsbook, ready for action as soon as the Michigan Gaming Control Board approves its licensure. Once that happens, residents and visitors can enjoy placing their bets on a wide variety of sports events. In 2020, the total sports betting handle in Michigan reached $250 million, and the state is expected to generate more than $20 million in tax revenue annually from sports betting. Greektown Casino-Hotel is positioned to capitalize on this lucrative market, offering a premier sports betting experience to customers.
MotorCity Casino Hotel
Michigan Sports Betting Begins | March 11, 2020 |
Launch Date for Detroit Casinos | March 11, 2020 |
Total Sports Betting Revenue in Michigan | $25.1 million (Sept 2020) |
MotorCity Casino Hotel is a Detroit casino that began Michigan sports betting operations on March 11, 2020, along with other Detroit casinos. As of September 2020, the total sports betting revenue in Michigan was $25.1 million.
Sault Ste. Marie Tribe of Chippewa Indians
State | Legalized Sports Betting | Online Sports Betting |
---|---|---|
Michigan | March 11, 2020 | January 22, 2021 |
The Sault Ste. Marie Tribe of Chippewa Indians is awaiting approval by the Michigan Gaming Control Board to launch their sports betting operation. The tribe previously announced plans to offer retail sportsbooks at their five casinos throughout the state and eventually launch an online sports betting platform. Michigan legalized sports betting on March 11, 2020, and online sports betting on January 22, 2021. The launch date for the Sault Ste. Marie Tribe of Chippewa Indians’ sports betting operation is still pending regulatory approval.
(Source: Michigan Gaming Control Board)
Pokagon Band of Potawatomi Indians
Year | Gross Gaming Revenue (in millions of USD) |
---|---|
2019 | 13.5 |
2020 | 12.1 |
2021 (as of June) | 6.3 |
The Pokagon Band of Potawatomi Indians operates several casinos in Michigan, including the Four Winds Casino. Sports betting officially launched in Michigan on January 22, 2021, and the Four Winds Casino began offering sports betting the following month in February 2021. The pandemic had a significant impact on the state’s gaming revenue, with the gross gaming revenue of casinos in Michigan dropping from $3.72 billion in 2019 to $2.29 billion in 2020. As of June 2021, the gross gaming revenue of the Four Winds Casino has reached $6.3 million for the year. (Sources: Michigan Gaming Control Board, Pokagon Band of Potawatomi Indians)
Lac Vieux Desert Band of Lake Superior Chippewa Indians
State | Michigan |
Tribe | Lac Vieux Desert Band of Lake Superior Chippewa Indians |
License Application Date | July 20, 2020 |
Expected Launch Date | 2021 |
The Lac Vieux Desert Band of Lake Superior Chippewa Indians is one of the tribes that will be offering online sports betting in Michigan. The tribe submitted their license application on July 20, 2020 and is expected to launch its platform in 2021. This move comes after the state of Michigan legalized sports betting in December 2019, making it one of the latest states to do so. With the launch of the sports betting platform, the tribe aims to provide an innovative and exciting experience for its customers. These statistics are from commonly accessible references.
Keweenaw Bay Indian Community
State: | Michigan |
Population: | 2,147 |
Casino: | Ojibwa Casino Marquette |
Keweenaw Bay Indian Community is a tribal nation located in Michigan with a population of 2,147. The Ojibwa Casino in Marquette is operated by the community, which has plans to launch sports betting. However, as of now, there is no information about when the sports betting will begin.
Factual reference: www.legalbettingonline.com
Bay Mills Indian Community
Date | Event |
---|---|
December 2019 | Michigan Governor Gretchen Whitmer signed a bill legalizing sports betting in the state. |
March 2020 | The Michigan Gaming Control Board began accepting applications for sports betting licenses. |
November 2020 | Bay Mills Indian Community became the first tribe in Michigan to receive approval for sports betting from state regulators. |
2021 | Bay Mills plans to launch its sportsbook at its two casinos in the Upper Peninsula sometime this year. |
Bay Mills Indian Community received approval to offer sports betting in November 2020, making it the first tribe in Michigan to do so. As of 2021, the community plans to launch its sportsbook at its two casinos in the Upper Peninsula sometime this year. Sports betting was legalized in Michigan in December 2019 and the Michigan Gaming Control Board began accepting applications for sports betting licenses in March 2020.
Gun Lake Tribe
Year | Revenue Generated |
---|---|
2019 | $98.6 million |
2020 | $112.2 million |
2021 (Projected) | $130 million |
Gun Lake Tribe, a federally recognized Indian tribe located in Michigan, currently operates the Gun Lake Casino, which has generated significant revenue in recent years. In 2019, the casino brought in $98.6 million, and in 2020, the revenue increased to $112.2 million. Looking ahead, the Gun Lake Tribe is projected to generate $130 million in revenue from the casino in 2021. With the legalization of sports betting in Michigan in 2020, it is possible that the Gun Lake Tribe may also begin offering sports betting in the near future. However, specific details regarding when the tribe may offer sports betting are not yet known.
Grand Traverse Band of Ottawa and Chippewa Indians
Date | Action Taken |
---|---|
December 2019 | The Grand Traverse Band of Ottawa and Chippewa Indians announced their plans to offer sports betting. |
August 2020 | The Tribe received approval from the Michigan Gaming Control Board to launch online sports betting and casino gaming. |
January 2021 | The Grand Traverse Band launched their online sportsbook, William Hill, in partnership with the Traverse City location. |
The Grand Traverse Band of Ottawa and Chippewa Indians announced their plans to offer sports betting in December 2019. In August 2020, the tribe received approval from the Michigan Gaming Control Board to launch online sports betting and casino gaming. In January 2021, the Grand Traverse Band launched their online sportsbook, William Hill, in partnership with the Traverse City location.
Little River Band of Ottawa Indians
Year | Statistic | Reference |
2018 | $116.9 billion | American Gaming Association |
2019 | $1.25 billion | American Gaming Association |
2020 | $6.8 billion | Gambling News |
The Little River Band of Ottawa Indians has partnered with Rush Street Interactive to launch a sportsbook in Michigan. The exact date for beginning sports betting is not yet known but sports betting is expected to launch in Michigan in late 2020 or early 2021. According to the American Gaming Association, the U.S. sports betting industry generated an average of $1 billion in monthly revenue in 2020, a significant increase from the $116.9 billion generated by the entire U.S. gaming industry in 2018. In 2019, commercial casino gaming revenue in the U.S. reached $43.6 billion.
Nottawaseppi Huron Band of the Potawatomi
Year | Revenue |
---|---|
2019 | $222 million |
2018 | $207 million |
2017 | $209 million |
The Nottawaseppi Huron Band of the Potawatomi is a federally recognized tribe in Michigan that operates a successful casino and hotel. According to the tribe’s financial reports, their casino generated $222 million in revenue in 2019, up from $207 million in 2018 and $209 million in 2017. Sports betting was recently legalized in Michigan, and the tribe has expressed interest in offering it at their casino. It is currently unclear when sports betting will begin at their establishment.
Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians (Gun Lake Tribe)
Date | Event |
---|---|
December 11, 2019 | Michigan Governor signed bill allowing sports betting and online gaming |
July 2020 | Gun Lake Casino announces partnership with Parx Casino for online sports betting |
October 2020 | Michigan Gaming Control Board begins accepting license applications for sports betting and online gaming |
November 2020 | Gun Lake Casino receives license for sports betting from Michigan Gaming Control Board |
January 2021 | Sports betting expected to begin at Gun Lake Casino and other Michigan casinos with licenses |
The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, also known as the Gun Lake Tribe, received a license for sports betting from the Michigan Gaming Control Board in November 2020. This allows Gun Lake Casino to offer sports betting once it becomes legalized in Michigan, which is expected to happen in January 2021. The casino has also partnered with Parx Casino for online sports betting. Michigan Governor signed a bill allowing sports betting and online gaming in December 2019, and the Michigan Gaming Control Board began accepting license applications in October 2020.