Friday’s launch of nine online sportsbooks in Michigan has now grown by one, as PointsBet has been approved to go live at noon Friday by the Michigan Gaming Control Board.
“The MGCB team worked closely with the Lac Vieux Desert tribe and PointsBet to wrap up regulatory requirements for online sports betting in time for the initial launch,” Richard S. Kalm, the MGCB executive director, said in a statement. “Other operators will launch as they meet the requirements, which are designed to protect participants and instill confidence in honest gaming.”
The Lac Vieux Desert Band of Lake Superior Chippewa Indians operates its casino in Watersmeet.
“The PointsBet team is thrilled to be on the starting line in the Great Lakes State,” said Patrick Eichner, the director of communications for PointsBet. “It is a tremendous privilege and responsibility to work with our partners in the Lac Vieux Desert Band of Lake Superior Chippewa Indians, and we look forward to achieving success together.”
PointsBet has been busy in Michigan in the weeks and months leading up to the announcement, signing Pistons great Rip Hamilton to a promotion deal, and also signing deals with the Tigers and Red Wings. The Tigers deal, in fact, was the first time any Major League Baseball team signed with a sportsbook partner.
PointsBet offers a unique type of bet
Michigan customers will soon be able to take advantage of PointsBet’s “no juice” NFL championship weekend odds, where spread bets for both games will be priced at +100.
PointsBet also offers a unique take on sports betting with their “points betting” method. In short, a bettor stands to win more — and, conversely, stands to lose more — based on by how much a team or player exceeds their number.
For instance, there might be an over/under of 32 for Jerami Grant’s points/rebounds/assists. If a bettor places a $1 “over” bet, every point, rebound, or assist over 32 would be a win of a dollar. If he gets 50 combined points, rebounds, and assists, the bettor would stand to win $18; on the other hand, if he only got 14 combined points, rebounds, and assists, the bettor would lose $18.