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Below we have all of your top sports betting news for Michigan. The state is currently home to 15 sportsbooks that include: DraftKings, PointsBet, FanDuel, Caesars, BetRivers, BetMGM, Fox Bet, WynnBet, Barstool Sports, SI Sportsbook, Play Gun Lake, Golden Nugget, Eagle Casino & Sports, FireKeepers and Four Winds.
Sports bet winnings are taxed as income at regulated Michigan sportsbooks, both at the federal and state level. Players must turn over 25% of all winnings to the Internal Revenue Services (IRS) no matter the size of those winnings. Michigan law requires you to pay an additional 4.25 in state tax%. This all amounts to just shy of 30% of your gambling winnings you will need to give up.
Swift Exiting Detroit?
(April 28, 2023) - Sources: The #Lions are receiving trade calls on running back D’Andre Swift, whose representatives have been in contact with the team about potentially moving to a new team. With Detroit drafting Jahmyr Gibbs, the talented Swift appears poised to leave Detroit.
Swift came out of Georgia in the 2020 NFL draft but injuries have prevented him from playing up to his potential.
Lions general manager Brad Holmes offered: "I mean, D’Andre, he’s still on our roster, he’s still part of our team, he’s still under contract with us. He’s a dynamic football player, so it hadn’t really changed the math there, yet. But it is early, but it didn’t really change."
The Lions were originally slated to pick sixth in the first round but opted to trade back with the Arizona Cardinals, picked No. 12 instead, and went all in on the Crimson Tide's Gibbs.
This was a shock since the ESPN prediction model had Gibbs with a 99% availability after the Lions were slated to make their pick, presumably on someone else.
Update April 29, 2023: Swift has now been traded to the Philadelphia Eagles.
Circa Sportsbook Update
(April 28, 2023) - "We don't have any Michigan expansion news to share at the moment, but we are exploring every opportunity to bring sports betting the way it should be to as many bettors as possible. Thanks for the encouragement!"
Circa Sportsbook is currently accessible in Nevada, Iowa, Illinois and Colorado.
Michigan Takes in $216.4 million From Sports Bets
(April 18, 2023) - Michigan commercial and tribal operators reported a combined $216.4 million total internet casino gaming gross receipts and gross sports betting receipts in March. Gross receipts increased 26.7% compared with February results.
March internet gaming gross receipts were a Michigan record $171.8 million, surpassing the previous total gross receipts record of $153.7 million set in January. Gross sports betting receipts totaled $44.6 million. In March 2022, internet gaming gross receipts were $131.67 million, and gross sports betting receipts were $30.48 million.
- Don Shapiro, Gambling911.com
