State authorities and casinos hope to rush the launch of Michigan sports betting and get the segment ready by the NCAA basketball playoffs.
US.- Sports wagering continues to be the top debate topic in the US after the revocation of PASPA. However, some states have yet to launch (or even legalise) the segment.
As March nears, so does March Madness, the NCAA basketball playoffs. That’s why Michigan wants to rush the launch of sports betting to start getting major revenues.
The state legalised the activity but has yet to complete its implementation.
“The NCAA Tournament is the goal,” Michigan Gaming Control Board spokeswoman Mary Kay Bean said. “Right now, we are in the process of vetting applications. This process is just like if a casino ordered new slot machines or playing cards, we have to examine and vet all of the equipment to make sure the integrity of the experience is maintained.”
Should Michigan get sports betting ready in time, state coffers will surely get a lot of revenue.
Michigan gaming seems to be thriving as some of its casinos are enjoying good health. That’s why Detroit casinos reached record revenue figures during 2019.
According to state figures, the three venues in the city reached a total GGR of US$1.454 billion last year. The number tops 2018’s US$1.444 billion with the most coming from MGM Grand Detroit.
The MGM venue accounted for 43% of the total revenue Detroit casinos earned in 2019, while MotorCity brought in 34%. Greektown casino posted the remaining 23% and casinos paid US$117.8 million in gaming taxes in 2019.