DraftKings holds the crown with the highest jackpot of $6.5M
An American gambling company, DraftKings, offering sportsbooks and daily fantasy sports services, makes history in Michigan with the highest jackpot of $6.5 million.On...
Michigan hits $253.7M GGR in October
Michigan, a state in the Great Lakes region of the Upper Midwest region of the United States, recorded a significant growth of $253.7 million in October’s gross gaming revenues.
This is an increase of 23.6% when compared to October 2023’s results of $205.3 million. However, this is still a decline if compared to September 2024’s results. The biggest contributor to this number is iGaming, with $220.7 million in revenues. This surpasses the previous highest number of $215.5 million set in March. FanDuel and MotorCity Casino surpass BetMGM and MGM Grand Detroit as top performers, reporting $56.17 million in gross receipts.
Sports betting in Michigan
Sports betting revenues have a mixed picture. GGR dropped 26.7% year-over-year to $33.0 million, driven by NFL results. However, player spending increased to $560.4 million, 5.1% more when compared to last year and 11.7% above September. The market leaders, FanDuel and DraftKings, generated $17.0 million and $6.5 million, respectively.
Retail casinos
Retail casinos in Detroit, the largest city in Michigan, don’t remain behind with their revenues. Monthly aggregate revenue climbed 24.3% year-over-year to $102.9 million. MGM maintained a dominant market share of 48% but faced losses in sports betting alongside MotorCity.
Caesars introduces Horseshoe online casino in Michigan
Caesars Entertainment has launched its Horseshoe online casino in Michigan after WynnBet's exit from the state.Earlier this year, in February, Caesars secured a...
