There have been plenty of sports betting updates in the US. About a couple of days ago, it was announced that the European online gaming company Betsson is entering the Colorado sports betting market by offering its services in the state. This is the company’s first entry into the US sports betting market and it’s expected that Betsson will further expand in other markets. On the other side, it seems that sports betting in California will have to wait as the state’s proposal has been postponed and rescheduled.
These days, there has been news about sports betting situation in Michigan and Illinois. The Michigan Gaming Control Board started accepting sports betting licence applications, while the Illinois sports betting market is welcoming DraftKings’s gaming services.
Michigan sports betting operators can apply for licenses
Last month, we reported that the gaming market in Michigan is slowly getting back on track. The state started casino reopening processes and started accepting online gaming supplier licencing forms. Now, the Michigan Gaming Control Board (MGCB) is accepting online gaming and sports betting operator licence applications from commercial and tribal casinos in the state.
This is another step that the state is taking to launch mobile sports betting by the end of this year or at the beginning of the following year. Recently, some sportsbook operators started announcing partnerships with casinos. According to Richard S. Kalm, the executive director of MGCB, the Board is continuing to go forward to the launch of online gaming by adding forms for operators and vendors. The application forms and all information are available on the agency’s website.
In addition, Kalm said that operators should file applications as soon as possible so the Board can start investigations and work with them on many requirements, such as technical standards, internal controls, and lab certifications. Plus, the operators and suppliers should encourage their vendors to apply as well. Kalm added that it’ll be more likely that all participants will be qualified for launch if the MGCB receives applications on time.
DraftKings enters Illinois sports betting market
Soon after DraftKings introduced a standalone casino app in New Jersey, the company announced that it’ll be entering the Illinois sports betting market. DraftKings reached a deal with Casino Queen in East St. Louis and gained access to the Illinois market. The deal was included in an SEC filing from DraftKings where it was written that DraftKings entered into a multi-year agreement with Casino Queen Inc. for online sportsbook services to the Illinois market.
In a statement, the company confirmed that it has a market access deal with Casino Queen. They added that DraftKings is looking forward to working with both the Illinois Gaming Board and Casino Queen to expand the sports betting products in the state. There’s still no timetable for when it’s expected for DraftKings to go live in Illinois.
The deal, which was described in the filing that will last about five to 10 years, should allow DraftKings to avoid Illinois’ 18-month “penalty box” for online-only operators. When the Illinois Gaming Board approved master sports licences for seven casinos, it also started the 18-month clock on the so-called ‘penalty box’ requirement. This requirement anticipates that online operators have to wait 18 months after the first master licence is approved before they can offer sports betting in the state.