Who Will Be the Biggest Winners in Michigan Sports Betting?
Michigan online sports betting is on the verge of going live. The Great Lake State should have mobile betting operating within the next month, where bettors can finally get their bets in from the couch. The Michigan Gaming Control Board is waiting for the ok while the rules and regulations go through its final review process before the official launch.
Multiple sportsbooks are chomping at the bit to launch in Michigan. Sportsbooks like DraftKings, FanDuel, and BetMGM are already operating physical sportsbooks in the state, but know its biggest drive will be with online betting.
With the coronavirus pandemic closing Michigan casinos and sportsbooks for the second time in 2020, betting operators cannot wait for Michigan to launch mobile wagering finally.
Michigan has the 10th largest population in the U.S., with seven cities having over 100,000 residents. The Great Lake State also has four professional sports teams, all in Detroit, and seven Division I universities across Michigan. Projections having the sports betting industry around $4 billion to $6 billion once online betting is available and the market matures.
This will be thanks to the sportsbooks that are looking to launch in the state. With 26 tribal casinos and three commercial casinos, Michigan will have various sportsbooks entering the state from large brands like DraftKings and FanDuel, down to local in-state sportsbooks at smaller casinos.
With mobile sports betting close to launch, it is a good time to look at who could be the biggest winners with Michigan finally goes live online.
The State’s Biggest Winners
Barstool Sportsbook
Barstool might be the biggest winner in the Michigan online sports betting sweepstakes. Barstool Sportsbook is looking to enter its second state and have a great location in the downtown Detroit area, thanks to Penn National running a sportsbook at one of the casinos. When Barstool launched its mobile app in Pennsylvania earlier this year, it had the most downloads in a single weekend for any sportsbook.
BetMGM Sportsbook
BetMGM is going to be another big winner over the next month. The large entertainment company patterned with the Detroit Lions earlier this year and has retail operations in Detroit. BetMGM will be one of the premier sportsbooks to use in Michigan once the state goes live with mobile betting.
PointsBet Sportsbook
PointsBet is waiting for Michigan sports betting to go online, so it can finally enter the market. PointsBet partnered with the Detroit Tigers in July and will have betting kiosks in the stadium along with a full-blown online sportsbook for anyone in the state to use.
DraftKings Sportsbook
DraftKings set up shop in the Upper Penninsula of Michigan when it launched its retail sportsbook in the Great Lake State. Despite being in a remote location of the state, Michigan launching mobile betting will be huge for the largest online sports betting operator in the U.S. DraftKings cannot wait for online sports betting to arrive. DraftKings has a pre-registration bonus for anyone in the state to take advantage of and a partnership with the Detroit Pistons.
FanDuel Sportsbook
Another Detroit Pistons partner is FanDuel and will benefit greatly from online sports betting in Michigan. FanDuel currently has a retail casino in downtown Detroit’s heart that is one of the most popular to go to. It will acquire customers in the Detroit area and see a huge spike in sign-ups once online wagering is available. FanDuel is also offering a pre-registration bonus for users to take advantage of.
