Coinbase sued Michigan regulators to prevent state gambling laws from applying to prediction markets it claims fall under federal jurisdiction. Michigan officials warned operators that offering sports event contracts would threaten their licenses, but DraftKings and FanDuel launched anyway. The dispute will likely reach the … Read more
The Michigan Gaming Control Board released a statement following the recent arrests made in relation to illegal sports betting in the NBA. There is speculation that they could look into banning player prop bets in order to deter market manipulation. DETROIT – In light of … Read more
DraftKings’ Railbird acquisition raises license concerns in Ohio and Michigan where regulators warn against prediction market participation. Multiple state gaming commissions have threatened that offering sports event contracts could jeopardize existing sportsbook licenses. DraftKings may limit sports predictions to non-betting states like California and Texas … Read more
Jeffrey Saco was arrested on eight felony counts for sports betting violations on the Caesars Sportsbook app in Michigan. With a hearing set in two weeks, this story is only just starting to unfold. DETROIT – A Southfield, Michigan man is facing eight felony charges … Read more
Michigan regulators proposed regulations to ban daily fantasy sports (DFS) contests that resemble sports betting. The regulations target DFS operators such as PrizePicks and Boom, who offer “proposition selection” on individual player performances. Underdog and other DFS operators argue they’re legal fantasy sports and not … Read more
Over $141 billion have been bet on sports at regulated US sportsbooks since 2018 and over $10 billion in sports betting revenue has been reported by sportsbooks. States with regulated betting have now seen approximately $1.5 billion in tax revenue from local sportsbooks. There is … Read more
Michigan’s sportsbooks saw a drop in sports betting handles from January to February in a continuation of a nationwide trend; however, handles are still up compared to 2021. Despite the slow month for Michigan’s sportsbooks, online casinos in Michigan set a new record for online … Read more
There was $208.6 million wagered on sports in Michigan for August, up 1.1% month-over-month. Sports betting revenue dipped 15.5% to $17.5 million for the state. However, this NFL season will be the first full season for the Michigan online betting market. LANSING, Mich. – Michigan … Read more
Sports betting in Michigan saw a decline in both activity and revenue for the second consecutive month in May. FanDuel was the number one mobile sportsbook in Michigan. Mobile betting dominated the sports betting market in May. LANSING, Mich. – The Michigan Gaming Control Board … Read more
Michigan online sports betting has made a national record for the quickest to reach the $1 billion mark, doing so in 99 days. April sports wagering action reported a drop in April when compared to March but that was expected by operators as March Madness … Read more
Michigan sportsbooks saw $383.7 million wagered on sports in March. About 93.7% of all wagers came from mobile sportsbooks. Sports betting revenue saw $35.2 million, a 9.2% yield. LANSING, Mich. – Sports betting fans were active in March in the Michigan market as the month … Read more
Michigan had $115.2 million in handle from mobile sportsbooks for the ten days the platforms were live in January. Revenue was at a minus figure for these mobile sports betting applications, posting a loss of $5.2 million because of promotions given to new players. DETROIT … Read more
