In the state of Michigan, one of the most prominent sportsbook and daily fantasy operators in the US, the FanDuel Group company has inked an important business agreement which will see the company supply the MotorCity Casino Hotel venue with on-site sports betting services. This exciting news was revealed several days ago by several local news outlets including LegalSportsReport.com.
As revealed, this important business deal between the sports betting operator and the hotel and casino venue in Michigan will result in the casino launching its FanDuel-branded sports betting service just before the busiest sports event in the United States kicks off, the NCAA Division I Men’s Basketball Tournament. The event kicks off on the 17th of March and it is unofficially known as March Madness.
The NCAA Division I Men’s Basketball Tournament or NCAA March Madness is played every year in spring. It is a single-elimination basketball tournament which today features sixty-four college basketball teams from the Division I of the NCAA or National Collegiate Athletic Association. The event determines the national championship. Since its inception back in 1939, NCAA March Madness has become of the most iconic annual sports events taking place in the United States.
MotorCity Casino to Become the Leader in the Emerging Sports Betting Market?
The downtown casino and hotel is hoping to become the early leader in the state’s currently emerging sports betting market and its deal with FanDuel Group can help. The MotorCity Casino Hotel venue is located in Detroit, the state if Michigan. It opened back on the 14th of December 1999. The $825 million-worth complex features a historic building which is the hotel area offering four hundred rooms.
The complex is also home to a 100,000 square feet gaming floor packed with almost three thousand slot machines, fifty-nine table games, and two poker rooms. Besides, MotorCity Casino Hotel offers its visitors convention and meeting space, a massive 13,000 square feet spa area as well as a live music theater and even more. The venue was opened by the Mandalay Resort Group company today its owner is Marin Ilitch of Detroit Entertainment LLC.
When it comes to the venue’s latest business partnership with FanDuel Group, this business alliance will definitely give the New York-based innovator the necessary rights to debut Michigan-based online sports betting and online casino operations as soon as the state’s Gaming Control Board approves a series of detailed regulations regarding the industry.
As revealed by several news outlets, this will not happen before the next year starts while FanDuel is already aware of the fact that the company will be subject to a though tax system which will probably top out at around 26.25% concerning local online gaming revenues.
The Last Detroit Casino to Have Inked a Sports Betting Alliance
The four hundred-room facility managed by Ilitch Holdings Incorporated has become the third and the last of Detroit-based casinos to have signed sports betting business agreements after signing its FanDuel Group deal. In the meantime, the biggest FanDuel competition DraftKings Incorporate is forced to sign a partnership deal with one of the twenty-three tribal casinos in the state of Michigan if it wants to emerge on the state’s growing sports betting market.