Michigan Sports Betting Handle Hits New High in December
Michigan’s sports betting figures continued to rise to finish 2021.
Betting Handle Record Keeps Falling
The state produced a sports betting record handle for the fourth month in a row, with Michigan taking in $514.7 million in bets during December, an increase of 2.86% from November’s previous high of $500.5 million.
Michigan’s online handle was also a new record in December, coming in at $484.6 million for an increase of 2.3% from November’s $473.8 million. On the retail side, Michigan took in $30.1 million in bets for the month, up 12.7% from November’s $26.7 million.
December’s total adjusted sports betting gross gaming revenue was $12 million ($10.9 million online, $1.1 million retail), down 69% from November’s $38.8 million ($34.5 million online, $4.3 million retail).
The state’s sports betting tax for December was $785,564 ($738,067 online, $47,497 retail), a decrease of 55.5% from November’s $1.7 million ($1.6 million online, $163,625 retail).
Michigan Sports Betting December vs. November
|Total handle||Mobile handle||Revenue (GGR)|
|Change||Up 2.86%||2.3%||Down 69%|
DraftKings Takes in Biggest Handle Again
For the second month in a row, DraftKings Sportsbook had the biggest sports betting handle out of the 14 operators in Michigan.
DraftKings recorded a handle of $120.3 million for December, edging out FanDuel Sportsbook’s $119.9 million and BetMGM’s $108.7 million. FanDuel took in the highest handle for the first seven months of operation of Michigan’s online sports betting market, but DraftKings has managed to top the handle charts in four of the last five months to close the year.
Still, FanDuel has remained the most profitable sportsbook with adjusted gross sports betting receipts of $6 million, while DraftKings produced $1.8 million in adjusted receipts and BetMGM came in at $1.6 million.
For the year, Michigan’s online sportsbooks took in $3,655,278,365 in bets with $110.6 million in total adjusted gross receipts and $7.3 million in state taxes. The state officially went live with online sports betting on Jan. 22, 2021.
Of the big three, FanDuel Sportsbook recorded the highest handle for the year at $993 million, followed by DraftKings ($951.1 million) and BetMGM ($828 million).
Barstool Sportsbook ($350.5 million) and Caesars Sportsbook ($192.6 million), which was known as William Hill for most of 2021 before a rebrand, rounded out the top five in handle for the year.
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