Huge week in US sports betting as 2 new states go live!
Today is a big day for Michiganders, as online sports betting is getting the green light. The MGCB (Michigan Gaming Control Board) has authorized 9 operators so far and all are expected the go live. The brands that are expected to “flip the live switch” today are:
Our best guess is that industry behemoths DraftKings and FanDuel are likely to grab a healthy portion of market share between them, but hey, it's up for grabs! For an overview of stats and marketshare in New Jersey and Pennsylvania, check out our stats and revenue page.
The big day for online sports betting is largely thanks to Brandt Iden, who can rightfully claim to be the “father of online sports gambling” in Michigan. The bill was at first vetoed by then Governor Rick Snyder but has since passed through and signed into law by Governor Gretchen Whitmer, about a year ago.
With its 10m inhabitants, Michigan will be the 13th US state to go live with regulated online sports betting, but the 3rd largest.
After first having failed with passin legislation to allow sports betting in 2019, Virginia went live on the second try yesterday. The first license in “Old Dominion” was awarded to FanDuel. Below is a list of all brands that has been issued licenses by the Virginia Lottery:
What's interesting with the Virginia legislation is that sports franchises are eligible for a license, if they commit to build a new stadium in Virginia. Up to 5 additional licenses may at this point be awarded.