TwinSpires to Close Michigan Casino

Churchill Downs-owned gaming brand TwinSpires has announced that it'll be closing its casino and sportsbook in Michigan, sending an email to customers in the Wolverine State regarding its decision.

TwinSpires failed to catch on in the Michigan market after launching into the market well after online betting went live. It also didn't have as large a marketing campaign as competition like BetMGM, DraftKings, and FanDuel, and promotional inducements also lagged. Players will have until October to withdraw funds from their accounts, and games will be turned off on September 6th.

In an email to customers, TwinSpires wrote in part: "TwinSpires Casino and Sportsbook has announced its decision to close operations in Michigan. Therefore, we want to make you aware of some immediate changes coming to TwinSpires.

"Deposits will be disabled on August 30, 2022.

"All casino games will be disabled on September 6, 2022.

"There will be no sports wagers available or casino games on our site beyond September 6, 2022.

"You have until October 6, 2022 to withdraw your funds from your account."

Michigan's online gaming industry has been active since January 2021, and is responsible for raking in millions of dollars in revenue every month. In it's most recent report, the Michigan Gaming Control Board revealed that in July the industry generated $148.2 million.