5 Key First-Year Moments In Michigan Online Gambling Set Table For Year 2
It's been a year since 10 apps went live in Michigan. The date was Jan. 22, 2021. Here are five marquee moments from the first year of the online product.
The first physical sportsbooks launched in Detroit on March 11, 2020. Ten online sportsbook and eight online casinos took part in the initial launch. The launch was a success from the beginning, as Michigan combined with launching Virginia to account for 7.5 million online transactions.
Michigan has 14 active online sportsbooks and Soaring Eagle Casino is planning to launch Ascend Sportsbook on-site in the near future.
PokerStars MI was the first site to launch in Michigan. BetMGM Poker will launch on March 22, 2021. Michigan is the fifth state to allow real money poker games.
The World Series of Poker is scheduled for 2022 in Michigan. The state is also expected to join the Multi-State Internet Gaming Agreement. If the agreement is approved, interstate compacting will take place.
The Pokagon Band of Potawatomi Indians would be the first to get into online sports betting and casinos in February 2021. Four Winds Casinos will be one of three self-branding tribal operators to launch during 2021 and raise $19.2 million in online casino revenue and $4.8 million on sports bets.
Soaring Eagle is joining the online gambling market in Michigan. Many states will be looking to learn from the relationship between tribes, operators and state governments.
Evolution launched live dealer online casino games on July 22. Blackjack, baccarat and roulette could be played from home with a live expert running the game from a studio in Southfield.
Playtech launched live casino products with PlayGunLake. One block in Southfield probably added more gaming jobs than any other area in Michigan in 2021.
October was a record revenue month for the online gambling industry in Michigan. The 14 operators raised $109.7 million in October. BetMGM produced $41.38 million for October, which is a new record.
Michigan will pass $1 billion in online gambling revenue in less than a year. The first year saw a big boost in revenue. COVID-19 spread still rampant. With continued advancements in casino games and poker, Michigan has a lot of growth ahead.