The sports betting landscape in the state of Michigan is starting to take shape as it has started to reach agreements with some major players in the industry. Michigan’s sports betting industry is owned and operated by various Indian tribes throughout the state, and they were able to strike a deal with PointsBet.
The Northern Waters Casino Resort, in particular, is the location where the new PointsBet Sportsbook is set to open up at some point in 2020.
PointsBet Sportsbook is an Australian-based company, but it is no stranger to the sports betting industry in the United States. PointsBet Sportsbook is currently up and running in both New Jersey and Indiana, but it has some other deals with states throughout the country.
It has a retail sportsbook up and running in the state of Iowa, and it has proven to be one of the leaders in the online sportsbook industry. Michigan was smart in trying to lock it up in a deal early in hopes that it will help get the industry up and running.
PointsBet has become one of the leaders in the United States because it offers some unique and interesting betting options. Points betting is new to bettors in the United States, but it has quickly become one of the most popular ways to bet on sports.
Bettors have the chance to win more money by correctly picking the point spread in any given matchup. PointsBet Sportsbook also offers some terrific bonuses and promotions to its customers each week, and sports betting fans in the state of Michigan should be thrilled when things get rolling.
Michigan is joining a number of states in the Midwest that have legalized sports betting, and it should really see things take off in 2020. Governor Gretchen Whitmer closed out the 2019 year by signing the Lawful Sports Betting Act, which will make sports betting legal at some point in 2020.
Lawmakers in Michigan had been trying to legalize sports betting for several months, but they were finally able to get a governor that would support their cause. Not only will sports betting become legalized in Michigan in 2020, but online poker and online gambling will be legalized as well.
Still Work To Be Done
It seems that things are starting to take shape in the state of Michigan, but there are still several questions that need to be answered. Michigan wants to give its tribes the ability to strike deals with major sports betting companies, but it will limit the number of online sportsbooks that a casino can operate.
The Stars Group also just recently reached a deal to open up for business in Michigan, but it and PointsBet are the only ones.
Some of the biggest sports betting companies in the world are expected to make a pitch to launch sportsbooks in Michigan. DraftKings and FanDuel have both opened up in other states in the Midwest, and will likely try to find a way to get into the market in Michigan.
PointsBet might have the early lead in this state, but it will likely face some stiff competition before too long.