- PointsBet Holdings (PBH) has been given the go-ahead to begin online sports betting in Michigan as of Friday, January 22, 2021
- Following the launch, the corporate bookmaker will operate in six U.S. states
- PointsBet also intends to make Michigan the launch state for its iGaming product at some point before the end of June, pending approvals
- Shares are trading grey at $14.71
PointsBet Holdings (PBH) has been approved to go-live with online sports betting in Michigan as of Friday, January 22, 2021.
The approval from the Michigan Gaming Control Board was granted to the company’s subsidiary PointsBet Michigan and will enable PBH to add a sixth U.S. state to its operational portfolio.
The corporate bookmaker is already operational in New Jersey, Iowa, Indiana, Illinois and Colorado.
“PointsBet is pleased to have been approved to launch in Michigan in the first wave of operators. We look forward to providing this sports-loving state with a fast, premium sports betting product,” said PointsBet Group CEO Sam Swanell.
PointsBet was among a cohort of 15 platform providers who were awarded provisional licences by the Michigan Gaming Controls Board in December. The licensees were still required to fulfil further regulatory requirements ahead of pinning down a launch date.
PointsBet also intends to launch its iGaming product in Michigan in the second half of the 2021 financial year, pending approvals from the Michigan Gaming Controls Board.
The company also has several partnerships in the state, notably with the Detroit Tigers, Detroit Red Wings, Little Caesars Arena and the Detroit Pistons.
Shares are trading grey at $14.71 at 10:18 am AEDT.