Fanatics Introduces Online Casino to Michigan Players
On Thursday, Fanatics Casino made its debut in Michigan. This extends its presence to three out of the six states where online casinos are currently legalized.
Simultaneously, Fanatics Sportsbook introduced mobile sports betting in Michigan, complementing its internet casino gaming platform already available in Pennsylvania and West Virginia, following a migration from PointsBet.
Fanatics Casino enters a competitive landscape in Michigan, joining 15 other internet casino operators.
However, this number is expected to decrease later in the year as Caesars takes over WynnBET’s internet gaming operations, a move announced shortly after the Michigan Gaming Control Board reported a record $181.9 million in revenue for gaming in January.
In Michigan, Fanatics Casino offers a diverse range of games, including roulette, blackjack, slots, craps, baccarat and poker.
Collaborations with industry leaders such as IGT Digital, Evolution and Light & Wonder ensure access to popular titles like Fortune Coin, Cleopatra, 88 FORTUNES and JIN JI BAO for bettors.
Since May 2021, PointsBet has been engaged in internet casino gaming in Michigan under the licensing of the Lac Vieux Desert Band of Lake Superior Chippewa Indians and Northern Waters Casino.
Throughout its tenure, PointsBet amassed $36.8 million in gross internet casino revenue, with a notable $19.1 million contributed in 2023.
Achieving a pinnacle in October with an all-time monthly revenue of $2.2 million, PointsBet sustained its momentum with a January winnings figure of $1.8 million, marking a significant 60.5% surge from the same period in 2023.
However, as of January 2024, its revenue ranked 11th among the 12 tribal-tethered licensees and 14th out of the total 15 operators in the state.
Launched in 2021, Fanatics Betting and Gaming has emerged as a digital sports wagering powerhouse within the portfolio of Fanatics Holdings Inc., a leading global digital sports platform.
Currently, Fanatics Casino is accessible online in Michigan, Pennsylvania and West Virginia.
Meanwhile, the Fanatics Sportsbook extends its online presence across multiple states, including Colorado, Connecticut, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Ohio, Pennsylvania, Tennessee, Vermont, Virginia and West Virginia.
The sportsbook boasts a network of 14 retail locations, encompassing retail sportsbooks adjacent to Progressive Field and Nationwide Arena, along with the distinction of being the sole sportsbook situated within an NFL stadium at FedExField.
Headquartered in New York, Fanatics Betting and Gaming continues to carve its presence in the dynamic landscape of sports betting and gaming.
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