Michigan Sports Betting Increases Slightly to $208.6 Million
The return of football coincided with a slight increase in Michigan sports betting activity for August.
Michigan sportsbooks took in $208.6 million in wagers, up 1.1% from July’s $206.3 million.
Online operators recorded a handle of $192.3 million, up 2.3% from July’s $188 million. August marked just the second time Michigan has failed to record at least $200 million in monthly online handle since the state launched online sports betting and internet casinos on Jan. 22.
Detroit’s three commercial casinos recorded a retail sports betting handle of $16.3 million, down 10.9 % from July’s $18.3 million.
August’s total adjusted sports betting gross gaming revenue was $9.2 million ($7.5 million online, $1.7 million retail), down 32.5% from July’s $13.6 million ($12.4 million online, $1.2 million retail). Sports betting accounted for $603,077 in taxes and payments ($540,706 online, $62,371 retail), down 25.4% from July’s $808,027 ($762,220 online, $45,807 retail), according to a report from the Michigan Gaming Control Board.
Michigan Sports Betting August vs. July
|Total handle||Mobile handle||Revenue (GGR)|
|Change||Up 1.1%||Up 2.3%||Down 32.5%|
DraftKings Passes FanDuel
FanDuel Sportsbook has finally been knocked off. August was the first month the popular sportsbook failed to record the highest online handle in the state.
DraftKings Sportsbook topped the handle charts for the first time at $61.4 million, beating out FanDuel’s $47.7 million. Despite the lower handle, FanDuel recorded the highest adjusted gross sports betting receipts at $3.3 million.
BetMGM Sportsbook rounded out the top three with a handle of $43.7 million for August, recording a slight increase from July’s $41 million. DraftKings saw a 15% increase in handle from July’s $53.4 million to $61.4 million in August. Part of DraftKings’ higher handle can be attributed to the operator introducing same-game parlays to its platform.
The Barstool Sportsbook recorded just over $13 million in handle for the second straight month, slotting them as the fourth-highest operator in sports betting handle for the month. The rebranded Caesars Sportsbook came in fifth with $10 million.
Michigan’s internet casinos recorded $97.2 million in total gross receipts for August, up 5.4% from July’s $92.3 million. Online casinos delivered $17.9 million in taxes and payments to the state, up slightly from July’s $17.1 million.
BetMGM remained the top online casino for the eighth consecutive month with $39.7 million in gross receipts, up 17.4% from July’s $33.8 million. FanDuel ($14.2 million) and DraftKings ($12.6 million) completed the top three internet casino leaders.
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