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December 18, 2024 – FairOdds Network

Daily Archives: December 18, 2024

Michigan sets new sports betting and igaming records in November

Michigan operators reported several new records during November, including gross receipts from igaming hitting an all-time high of $226.0 million (£177.9 million/€215.3 million).

Gross internet gaming and sports betting receipts from commercial and tribal operators in Michigan topped $284.3 million in November. This is 35.9% above November last year and 12.1% ahead of October this year, the Michigan Gaming Control Board (MGCB) reported yesterday (17 December).

After accounting for promotional spending, total market adjusted gross receipts for the month was $240.4 million. The figure is 51.9% ahead of last year and 15.3% higher on a month-on-month basis.

Another new igaming record in Michigan

As was the case in the previous month, igaming was a highlight for Michigan operators in November. Gross igaming receipts were 28.9% higher year-on-year and surpassed the existing record of $220.7 million in October by 2.4%.

Adjusted gross receipts from igaming hit $203.3 million, up 28.8% fro..

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Brazil betting CPI rapporteur hits back after claims of extortion

Senator Soraya Thronicke, rapporteur of the betting Parliamentary Inquiry Commission (CPI) in Brazil, has called for help from the federal police (FP) to investigate claims of extortion within the group.

In response to growing criticism of the betting industry in Brazil ahead of the legal market launch on 1 January 2025, the betting CPI was established in November at Thronicke’s request. It aims to investigate the “growing influence of online gambling on [Brazilian families’ financial spending]”.

Last week (13 December) however, the CPI was plunged into scandal after a report from Brazilian magazine Veja made allegations of extortion linked to businessmen within the gambling industry.

Veja reported senator Ciro Nogueira alerted congress president Rodrigo Pacheco to a lobbyist from Brasília named Silvio de Assis seeking to extort members of the industry.

The FP are already reportedly involved, with De Assis allegedly requesting BRL40 million (£5.2 million/€6.2 million/$6.5 million)..

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