As Wild NCAA Tournament Continues, Sportsbooks Wary Of Public Dogs
Upsets used to mean the sportsbooks won big, but it's not that simple anymore, according to William Hill's US director of trading.
A Michigan native, Matt has worked at newspapers in Michigan, Missouri and the Virgin Islands.
A versatile sports reporter, Matt has covered sailing on the Great Lakes, cricket in the Caribbean, high school and pro playoffs, and the Olympics in Rio. He's also the former host of the Locked On Pistons Podcast and producer of a documentary on Emoni Bates. A former blackjack dealer, Matt has studied the industry from all sides.
Upsets used to mean the sportsbooks won big, but it's not that simple anymore, according to William Hill's US director of trading.
Other states would be wise to copy Michigan's secret sauce, which cooked up nearly $80 million of revenue in the first full month.
Online casinos in Michigan and online poker sites continued their hot start in February, raising $79.7M revenue in their first full month.
There were $23.7 million in sports bets made at the three Detroit casinos in February, although they experienced a loss for the first time since sports betting in Michigan opened.
Casinos in Detroit had been operating at 15% capacity since August 2020, but will get a boost starting Friday, as announced this week.
Michigan casinos would be impacted by the expansion of sports gambling in Canada, which is being pushed by NBA Commissioner Adam Silver and others.