Latest Michigan Online Gambling News

Aristocrat emerged one of the biggest earners from the first half of 2023 after it saw profits of over 17% from its North American operations alone. In like fashion, interstate poker propelled PokerStars to a flying start in 2023.

The Michigan Gaming Control Board is set to receive a revenue allocation of $50.7 million for the 2024 fiscal year, including an additional allocated budget of $4.2 million that is to be spent on staff payment, payments infrastructure and compensation for board members.

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.

The Michigan Gaming Control Board, in collaboration with the Michigan Department of Attorney General, state investigators and the Belleville police department have seized an alleged illegal gambling machine from a Sunoco gas station in Belleville.

Michigan online casinos posted $150.6 million in May 2023. This revenue emerged in the lifetime top five for Michigan iGaming sites. Michigan casinos are also en route to generate up to $1 billion in tax revenue this year.

Fanatics Betting and Gaming has now submitted an improved bid of $225 million in a bid to outshine DraftKings as favorite to purchase the assets of PointsBet US. Shareholders are set to vote on the bid on June 30

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.

DraftKings has made a surprise bid for the acquisition of PointsBet, making the former deal with Fanatics more precarious. DraftKings is also offering $45 more than Fanatics, and PointsBet has stated that it would consider the bid.

The Michigan Gaming Control Board released the latest figures from gambling revenue in the city of Detroit. MGM Grand Detroit led all other retail venues both in terms of casino gaming and sports betting revenue.