Fanatics Casino Launches In Michigan
Fanatics Casino launched in Michigan on Thursday, giving the operator a foothold in three of the six states where online casino is currently legal.
The rollout came in conjunction with Fanatics Sportsbook launching mobile sports betting in the Wolverine State. For internet casino gaming, Fanatics Casino was already available in Pennsylvania and West Virginia, having completed a migration of its betting platform from PointsBet.
Fanatics Casino will be one of 15 internet casino operators in Michigan, though that number will decrease at some point this year after Caesars assumes WynnBETs internet gaming operations. Caesars announced that acquisition Tuesday, shortly after the Michigan Gaming Control Board reported a record $181.9 million in iGaming revenue for January.
Fanatics Casino will offer roulette, blackjack, and slots, as well as craps, baccarat, and poker. Partnerships with IGT Digital, Evolution, and Light & Wonder mean bettors will have access to many popular titles, including Fortune Coin, Cleopatra, 88 FORTUNES, and JIN JI BAO.
Nowhere for Fanatics to go but up
PointsBet had been conducting internet casino gaming in Michigan since May 2021, licensed through the Lac Vieux Desert Band of Lake Superior Chippewa Indians and Northern Waters Casino. It generated $36.8 million in gross internet casino revenue, with more than half of that amount — $19.1 million — coming in 2023.
PointsBet reached an all-time monthly revenue high of $2.2 million last October, while its $1.8 million in January winnings was a 60.5% increase compared to January 2023. Its opening revenue haul to 2024, however, ranked 11th among the 12 tribal-tethered licensees for January revenue and 14th out of the state’s 15 operators.
