TwinSpires Sportsbook And Casino Will Stop Taking Bets In Michigan On Sept. 6

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On Thursday night, TwinSpires sent an email to its customers, informing them about the closure of its Michigan online casino and sportsbook on September 6th.

The brand’s online gambling arms will come to an end six months after the announcement that TwinSpires would be exiting the industry.

TwinSpires closing sportsbook and casino in Michigan

In February, TwinSpires made an initial announcement regarding the closure of its online casino and sportsbook. Subsequently, the company also revealed its decision to discontinue progressive jackpots as of July 31.

The TwinSpires horse racing website and app, on the other hand, will persist in operation.

TwinSpires has faced significant challenges in capturing a significant portion of the market in Michigan. It currently ranks 10th out of 15 operators in terms of all-time online sportsbook handle, with a relatively low figure of just over $27 million. Given the recent news about the app’s impending closure, it is not unexpected that it has consistently ranked last in the past three months.

TwinSpires, which was once a leading Michigan online casino, has seen a decline in revenue, currently ranking 13th with a total of $15.3 million earned to date. Over the past six months, it has consistently remained in the bottom two positions, hitting a low point in July with earnings falling below $400,000.

Cashing out of TwinSpires app

In the email sent to customers, TwinSpires representatives announced that starting from September 6th, casino games would be deactivated, and no sports wagers or casino games would be accessible on the website. Additionally, deposits will be disabled on August 30th. Customers are provided until October 6th to withdraw funds from their account.

In addition, the email provided information about the steps involved in handling open bets.

• Once the event has concluded, all open wagers will be resolved as usual. Within 30 days of settlement, you will receive a check.
• The option to Cash Out will remain accessible for all eligible open bets, even if you have any.
• You also have the option to cancel any bets that will be settled after September 6, 2022 by contacting Player Services at 877-774-7371.

What new online casino and sportsbook will replace TwinSpires in Michigan?

The Hannahville Indian Community operates the Island Resort & Casino, where TwinSpires is licensed. The departure of TwinSpires creates an opportunity for a new operator to step in. Although the replacement has been chosen, the identity of the new operator will be revealed at a later time.

Island Resort’s representative informed Playinmichigan that they currently do not have a specific launch date, but they will make an announcement regarding their new partner in September.

Playinmichigan has engaged in speculation regarding potential replacements, with their latest focus being SI Sportsbook. SI has formed a partnership with 888Sport, a renowned European brand that is currently active in New Jersey. It is worth noting that 888 Atlantic Limited holds a valid license as a supplier in Michigan.

SI is presently accessible in the states of Virginia and Colorado.

During the peak of the sports betting season, the new Michigan brand has a unique chance to make a remarkable entry into the market as a refreshing contender.

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