Michigan Records $237.6M Online Sports Betting Handle in May
For the second consecutive month, Michigan sports betting saw a slight decrease in its online handle. May’s internet sports wagering handle came in at $237.6 million, down 4.9% from the $249.9 million reported in April.
Combined with the May retail handle, Michigan took in a total of $257.8 million in sports wagers, down 5.98% from April’s $274.2 million, according to Tuesday's numbers from the Michigan Gaming Control Board. April’s total online sports handle was a 30.5% decrease from March’s record $359.5 million, when states across the country saw a March Madness boost to their online sports betting markets.
Total online adjusted gross receipts for May came in at $9.9 million, down 9.2% from the $10.9 million in April. Combined with retail sports betting, adjusted gross receipts were $11.7 million for May, a decrease of 5.6% from the $12.4 million in April.
Online sports betting was 92% of the total handle for May.
Adjusted gross receipts take into account free bets and other promotions offered by the sportsbooks to the players.
Michigan operators paid $615,152 in taxes to the state, up 96.7% from $312,814 in April, the figures posted Tuesday showed. Taxes to the city of Detroit climbed 102.5% from $186,939 in April to the reported $378,631 for May.
Michigan Sports Betting May vs. April
|Total handle||Mobile handle||Revenue (GGR)|
|Change||Down 5.98%||Down 4.9%||Down 5.6%|
FanDuel Top Sportsbook Operator
FanDuel Sportsbook once again topped the sportsbook charts in Michigan for May. It was the fifth straight month FanDuel has led the state in sports handle, recording a total of $77.6 million in sports wagers for May, taking in $10 million in gross gaming revenue.
DraftKings Sportsbook eclipsed BetMGM for the second spot with a handle of $66.7 million, with BetMGM falling to third after a reported handle of $59.5 million. The top three books managed to take more than 79% of the total market share in the state.
Barstool ($24 million) and PointsBet ($11.4 million) rounded out the top five.
BetMGM leading Online Casino
Similar to FanDuel’s dominance on the sportsbook side, BetMGM Casino continues to lead the online casino market in Michigan. BetMGM recorded $36.1 million in revenue for May for a 38% market share of the state’s total reported internet casino revenue of $94,851,765.
Michigan’s May online casino revenue numbers remained steady following April. May’s total of $94,851,552 was just 0.0002% less than April’s online casino revenue of $94,851,765.
FanDuel ($16.3 million) and DraftKings ($15.7 million) rounded out Michigan’s top three for online casino revenue in May.
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