Michigan Sports Betting Handle Passes $500 Million Mark
For the third month in a row, a record has been set for Michigan sports betting handle.
The state reported a new monthly high sports betting handle of $500.5 million in November, up 0.6% from the previous record of October’s $497.6 million.
More Michigan Sports Betting Records Fall
Michigan also set a new mobile handle record, taking in $473.8 million in online wagers, up 2.4% from October’s $463.3 million, which was also the previous state record.
November’s total adjusted sports betting gross gaming revenue was also a new record at $38.8 million ($34.5 million online, $4.3 million retail), up 429% from October’s $7.3 million ($4.7 million online, $2.6 million retail). The previous record was set in March 2021 when Michigan had $21.9 million in adjusted gross gaming revenue.
Sports betting tax came to $1.8 million for November ($1.6 million online, $163,625 retail), an increase of 170.6% from October’s $652,884 ($552,907 online, $99,977 retail).
Michigan Sports Betting November vs. October
|Total handle||Mobile handle||Revenue (GGR)|
|Change||Up 0.6%||Up 2.3%||Up 429%|
DraftKings Top Operator
For the third time in the last four months, DraftKings Sportsbook was the top operator in Michigan. <,/p>
DraftKings took in $126.3 million in bets, beating out FanDuel Sportsbook ($115.2 million) and BetMGM ($100.8 million).
November was also DraftKings Sportsbook’s most profitable month since Michigan went live with its online sports betting and internet casino platforms on Jan. 22. The operator took in $8.7 million in adjusted gross sports betting receipts, doubling more than its previous high of $3.7 million from March.
FanDuel set a record for adjusted gross sports betting receipts at $13.6 million for November. It’s the first time an operator in Michigan has eclipsed the $10 million mark in adjusted gross sports betting receipts for a single month.
BetMGM Sportsbook also posted its own monthly high in adjusted sports wagering receipts, reporting $8.,5 million.
Barstool Sportsbook posted the fourth-highest November handle at $41.3 million. November was a handle record for Barstool and with adjusted sports betting receipts at $2.5 million.
Caesars Sportsbook rounded out the top five in November handle at $37.8 million. For Caesars, November was also a new monthly high in sports betting adjusts receipts at $864,296.
Michigan Benefits from Busy Sports Season
Similar to other states, Michigan has seen its sports betting activity increase this fall. September was boosted by the start of the NFL regular season, while college football has continued to draw betting interest over the last three months, too.
The NBA and NHL started their seasons in October, giving Michigan residents more daily betting options. Then, November marked the beginning of the college basketball season.
All of these leagues and sports have a Michigan connection that generates more betting interest. There’s the Detroit Lions (NFL), Detroit Pistons (NBA) and the historic Detroit Red Wings (NHL). On the college football side, the Michigan Wolverines are now in the College Football Playoff, while the Michigan State Spartans also had a solid year ranked inside the top 10.
Now, the Wolverines and Spartans are also into their college basketball seasons. Michigan also has the MAC schools, Eastern Michigan, Central Michigan and Western Michigan that bettors can back in football and basketball.
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