Michigan cashes in on legalized gambling

detroit skyline

As more and more states rush to get in on legalizing all forms of gambling, we continue to see success stories as state start to see the cash roll in. Detroit has had casinos for years, but Michigan expanded legalized gambling and added sports gambling to the mix, and the results have been very positive:

Internet casinos, poker and sports betting in Michigan generated $1.4 billion in revenue in 2021, the first year online gambling was operational in the state.

Internet casino gaming generated $1.1 billion in revenue while internet sports betting produced $292.2 million, according to numbers released Tuesday by the Michigan Gaming Control Board. Meanwhile, bettors wagered $3.7 billion at online sportsbooks last year.

Michigan became the third state in U.S. history to generate more than $1 billion in annual revenue from online casino games and poker, and the first to do so in its first year.

At some point states will start to cannibalize each other’s revenues, but with sports gambling most players are state residents. So each state is just adding to the overall pool of players. Let’s see how this trend plays out . . . Ohio will be joining the party in 2022!

  

New York City could get casinos under proposed state budget

New York City

That primal scream you just heard came from Atlantic City . . .

Yes, there’s a chance we may casinos some day soon in New York City. It’s certainly not definite. At this point it’s just a proposal in Governor Kathy Hochul’s proposed state budget, but this could have huge repercussions across the East Coast. New York state recently launched app-based sports betting, so the trend in the state is certainly for gambling expansion. It will be fascinating to see what kind of reception this gets and how far this goes.

Atlantic City won’t implode of course, but the entire dynamic from a lifestyle and travel point of view will change in this region. New York is already a huge destination spot, but adding casino gambling really shakes things up. Imagine a night on the town that ends at a casino at 3 AM? The possibilities are endless. High rollers will flock to New York to get their gambling fix while also having the rest of this dynamic city and its nightlife at their disposal.

  

NFL Futures still have Packers and Chiefs as favorites to get to Super Bowl

NFL Futures Packers Chiefs Super Bowl

The NFL Wildcard Weekend saw most of the favorites advance, we have some pretty good matchups heading into the Divisional Round. The Green Bay Packers and Kansas City Chiefs are still the favorites to meet in the Super Bowl, but neither team has an easy matchup this weekend.

Cincinnati Bengals +3½ at Tennessee Titans

The Bengals are riding high behind the golden arm of Joe Burrow. Meanwhile, nobody is talking about the Titans who managed to grab the top seed in the AFC and now have a healthy Derek Henry back in the backfield. I like the Titans in this game, but Borrow would make me nervous. The kid is special and he won’t be intimidated by playing on the road. That said, the Titans have a big edge when it comes to experience and coaching, and they can tear apart the Cincy defense with their running game.

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Cleveland Cavaliers exceed Vegas odds win total for season

Isaac Okoro dunks on Nets Jan 22

It’s only January, but the Cleveland Cavaliers already have 27 wins, and many sportsbooks had their season win total at 26.5. Over/under bets at the sportsbooks are fun, but you generally have to wait a long time to see if you’ve won. Unless of course you pick an underdog team like the Cavs who emerge as a real contender. The Evan Mobley pick and Ricky Rubio signing should have been enough to get people to pick the Cavs. Now we’ll see how far they can go . . .

  

Bad beat for Florida State betters versus Clemson

Bad beat Florida State Clemson 2021

Clemson was favored by 9.5 points and was up only 4 with seconds left while Florida State had the ball. So the Florida State betters were feeling pretty good. But on their last, desperation play, while trying trying laterals to get a touchdown, they fumbled and Clemson scooped it up for a touchdown. An epic bad beat . . .