A recent article in Seeking Alpha, noted that Michigan is the fifth state to generate more than $500M in combined retail and online sports bets over a single month.
Other notes from the article include
- Online sportsbooks in Michigan took in a record $473.8M in bets in November
- DraftKings (NASDAQ:DKNG) was the market leader for bets at $126M
- Fanduel (OTCPK:PDYPY) ranked second with $115.2M in bets
This is a digital story no longer do you have to be in Vegas for Sports Betting to work.
Article – Sports betting explodes in Michigan as DraftKings and FanDuel battle for top spot