by Michael Molter | Sep 17, 2024 7:12 pm | Legal
Jeffrey Saco was arrested on eight felony counts for sports betting violations on the Caesars Sportsbook app in Michigan. With a hearing set in two weeks, this story is only just starting to unfold. DETROIT – A Southfield, Michigan man is facing eight felony charges...
by Zachary Kelley | Aug 16, 2023 1:09 pm | Fantasy
Michigan regulators proposed regulations to ban daily fantasy sports (DFS) contests that resemble sports betting. The regulations target DFS operators such as PrizePicks and Boom, who offer “proposition selection” on individual player performances. Underdog and other...
by Giovanni Shorter | Jul 20, 2022 1:57 pm | Sports Betting
Over $141 billion have been bet on sports at regulated US sportsbooks since 2018 and over $10 billion in sports betting revenue has been reported by sportsbooks. States with regulated betting have now seen approximately $1.5 billion in tax revenue from local...
by Jerad Paparella | Mar 18, 2022 5:00 pm | Legal
Michigan’s sportsbooks saw a drop in sports betting handles from January to February in a continuation of a nationwide trend; however, handles are still up compared to 2021. Despite the slow month for Michigan’s sportsbooks, online casinos in Michigan set a new record...
by Giovanni Shorter | Sep 16, 2021 5:43 pm | Revenue
There was $208.6 million wagered on sports in Michigan for August, up 1.1% month-over-month. Sports betting revenue dipped 15.5% to $17.5 million for the state. However, this NFL season will be the first full season for the Michigan online betting market. LANSING,...
