Michigan: online gambling generates $42.7m in first 10 days

Online sports betting accounted for 76.3 per cent of all sports bets.
Online sports betting accounted for 76.3 per cent of all sports bets.

Analysts have speculated that Michigan could become one of the largest online gambling markets in the US.

US.- Online gambling in Michigan generated $42.7m in revenue in its first ten days, putting it on its way to setting a first-month national record in the US.

Online casinos and poker accounted for around half the revenue at $29.4m while online sports betting brought in $13.3m.

The figures put Michigan on course to become one of the largest online gambling markets in the US, analysts say.

Online sports betting accounted for 76.3 per cent of all sports bets, with $115.2m wagered on online platforms.

FanDuel’s sportsbook in partnership with MotorCity Casino took the most bets at $32.6m.

Matt Schoch, analyst for PlayMichigan.com, said in a statement: “January was just a snapshot, but online betting will eventually account for 90% or more of the state’s total handle, which would put it much more in line with other legal jurisdictions that offer both online and retail betting.”

This week, Pala interactive joined the list of operators approved to offer online gambling and sports betting in Michigan.

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