Since December 2019, sports betting became legal in the state of Michigan. That is when Gov. Gretchen Whitmer signed the Lawful Sports Betting Act and made it possible for all the punters to head down to their favorite casino and make some bet.
The licenses are still not given to all the applicants, because of the procedure that needs to be taken care of, and in these rough times, once COVID-19 virus strikes hard all over the states, the entire situation is even tougher to handle. Many sportsbooks landed after the above-mentioned decision, and in order to avoid listing the same, for further information click here and everything will be visible to you.
Still, once this goes away, there is no doubt that gambling in Michigan and Detroit will blossom and start generating colossal income. The people are craving for some fun, and also, some see this as a source of potential cash income, so imagine the volume of bets once Coronavirus finally steps down from the scene.
Motor City is going to be in the middle of the entire story, as the biggest city in the state, and as the place with the first licensed casinos. With 4.3 million people living in the metropolitan area, Detroit is the second-biggest populated area in the Midwest behind Chicago metropolitan.
Apart from this, Detroit is also the capital of Michigan, so when we combine all these factors together, it logical for this city to be a pivotal point of sports betting in this state.
Detroit is one of the few cities in the United States with more than one professional team from the major leagues who was a champion. All four franchises, Tigers, Lions, Pistons, and Red Wings won their respective competitions, and they produced some legendary names which shaped the history of sports.
So, the number of all these teams wil no doubt increase the incomes from betting. Just imagine the situation when Lions play on Sunday, how many bets are going to be on their win. Or when we have a clash between Michigan and Michigan State, regardless of the sport. These two universities are the heart and soul of the entire state even though they are not in Detroit, but be sure that many residents have ties with them.
All these organizations have an enormous fanbase measuring in millions of people, and all of them will visit the casino at some point.
Tens of thousands of people are going to make at least one small bet, which includes their beloved team. When we look at the bigger picture, that day alone will generate millions of dollars. Some of them will do it rationally, some of them because of love, and some because they had a couple of beers.
Just to add, that there will be days with multiple events, including some franchise from this area. Revenue from betting would hit the ceiling on those dates. Now, imagine what the numbers are on a yearly basis. The entire sum of gambling in Michigan is going to reach billions and billions of dollars just from Detroit.
The other effects Detroit is going to make on Michigan are fiscal, and they are all positive. Tax income would be substantial, the number of workers who will find a job would increase, and all that makes the economy better. There would be more money available, and there is no doubt that the state of Michigan would benefit from it. All that because of Detroit, the most important piece of the equation.