The online sports betting industry in the United States is expanding, as more and more states have turned to legalising some form of online gambling and some of them have increased their iGaming offerings. We have recently reported that New York considers mobile sports betting, and different options were proposed so it’s up to see what mobile sports betting will look like in the state.
Last month, it was reported that Michigan approved 15 provisional licences for the online gambling and sports betting partners of the state’s commercial and tribal casinos. And now, after months of delays, online sports betting is finally coming to Michigan on Friday, January 22, just in time for this weekend’s NFL conference championships.
Nine operators will launch online sports betting
Yesterday, the Michigan Gaming Control Board (MGCB) confirmed that mobile sports betting and online casino gaming are finally going live in Michigan on Friday, January 22. The launch comes a year after Gov. Gretchen Whitmer signed the state’s iGaming legislation into law. There was a hope for the launch to happen in the fall of 2020, but it moved to early 2021 and now it’s finally happening. In addition, Michigan will launch online sports betting right in time for one of the NFL’s biggest games, the Championship, which starts on Sunday.
According to MGCB, nine operators have been authorised to launch this Friday. In addition, the Board said that the additional six operators should receive their final approvals in the upcoming weeks if everything goes successfully. Among the nine lucky operators that will start on Friday are DraftKings (in partnership with Bay Mills Indian Community), William Hill (in partnership with Grand Traverse Band of Ottawa and Chippewa Indians), FanDuel (with MotorCity Casino), and Golden Nugget (with Keweenaw Bay Indian Community). Other operators include Barstool, TwinSpires, Rush Street, BetMGM, and Wynn. All nine have been approved for online sports betting, while Barstool will also offer online casino gaming.
Michigan is the first of several US states that are expected to join the online gaming industry this year. It’s the 13th state to legalise online betting in the US. In addition, in terms of population, Michigan will rank third, behind Illinois and Pennsylvania. Therefore, it’s expected that the state will have a successful launch and a great number of wagers.
MGM Resorts withdraws its offer to acquire Entain
About two weeks ago, we have reported that MGM Resorts made an offer to acquire Entain, a company formerly known as GVC Holdings. As it was announced, MGM Resorts made an offer of £8.1 billion to acquire Entain. However, Entain dismissed the proposal shortly afterwards, as it believed that the proposal “significantly undervalues” the company and its prospects. Now, MGM Resorts announced that it’s withdrawing the offer and will not submit a revised proposal to acquire Entain.
Both companies have previously partnered to launch BetMGM which has become a very successful sports betting and online gaming venue in the US. Therefore, in the announcement, MGM Resorts International said that BetMGM remains a key priority for the company and it will continue to work on its expansion. In addition, MGM added that it will remain committed to working with Entain to ensure that BetMGM stays one of the top three leaders in the industry.