PointsBet To Enter Michigan’s Newly Regulated Sports Betting Market

PointsBet To Enter Michigan’s Newly Regulated Sports Betting Market

Pointsbet is expanding its US presence as the betting operator has inked a deal with Lac Vieux Desert Public Enterprise and Finance Commission, an arm of Lake Superior Chippewa Indians’ Lac Vieux Desert Group.

The company has struck a partnership deal through its Michigan subsidiary. Following the deal, Pointsbet will be launching its online gaming and sports betting products in Michigan. However, Pointsbet’s deal with the tribal casino operator is subject to regulatory approval.

In December last year, Michigan became the 13th US state to legalize sports gambling after state governor Gretchen Whitmer signed the bill that called for legalizing sports betting and online gambling in the state.

With the partnership deal, both PointsBet and LVD will operate in Michigan through LVD’s electronic licenses to provide online and mobile sports wagering and gaming services.

Commenting on the deal, James Williams Jr, Lac Vieux Desert Tribal chairman said: “The tribe is excited to join forces with PointsBet to further the tribe’s economic development efforts and expand gaming online as allowable under Michigan and Federal law.

“We are confident that this new opportunity will strengthen the tribe’s self-sufficiency and self-determination efforts and provide much-needed revenue to continue to expand and enhance tribal governmental services as well as provide jobs for the LVD community.”

The two entities have also said that they are also in the middle of negotiations on launching retail sportsbook operations at the Northern Waters Casino Resort on top of online gaming and sports betting.

According to the agreement, the gambling operator will launch sports betting through PointsBet’s mobile app and online brands. The initial term of the agreement is 20 years will renew automatically for another five-year term if any of the two parties have no objection to the partnership after completion of the initial contract period.

Sam Swanell, PointsBet Group CEO, said: “PointsBet is pleased to have reached [an] agreement for both online sportsbook and online casino operations with such a forward-thinking tribe, and we look forward to many years of great success working together in Michigan”.

Leave a Reply

Your email address will not be published. Required fields are marked *