Michigan Records $600 Million Sports Betting Handle in January 2024
The Michigan Gaming Control Board recently disclosed the state’s sports betting handle of $601.6 million in Jan. 2024.
Nikhil Kalro covers the sports betting industry and revenue reporting at Gaming Today. Much of his work analyzes state revenue information, including betting activity and revenue for individual states and sportsbook operators. In addition, Nikhil provides news updates on the gambling industry itself, including product launches and legal issues. Nikhil’s previous experience includes five years with ESPN.
The Michigan Gaming Control Board recently disclosed the state’s sports betting handle of $601.6 million in Jan. 2024.
US casinos and online gaming and betting platforms have contributed to a massive $66.5 billion in revenue in 2023.
Online sportsbooks in Massachusetts recorded their second-largest handle ever by recording $638 million in wagers in Jan. 2024.
On the back of a strong Q4 result in 2023, DraftKings announced the acquisition of lottery app Jackpocket for $750 million.
Alabama lawmakers have taken a significant step towards the legalization of gambling and sports betting by passing two sweeping bills.
BetMGM ended 2023 with nearly $2 billion in revenue, with the joint venture between Entain and MGM Resorts having generated $1.96 billion.
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