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Michigan online sports betting handle declines for second straight month
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The Michigan Gaming Control Board reported $257.7 million in total sports betting handle for May, a nearly 6% decrease from April’s total.
May’s total handle is also nearly a $130 million decline from March’s record setting total sports betting handle of $383.7 million and a 5.9% decrease from April’s total sports betting handle of $274.1 million.
Michigan online sports betting accounted for $237.5 million in total sports betting handle for the state, with Michigan casinos kicking in $20.2 million with in-person betting.
FanDuel claims highest online sports betting handle again
Online sports betting once again dominated the state’s sports betting handle. Online sports betting accounted for $237.5 million of the state’s total. Michigan took in $615,152 in total internet sports betting taxes and $66,095 in total in-person sports betting taxes.
FanDuel Sportsbook, partnered with MotorCity Casino, took the state’s top spot with $71.1 million in handle. BetMGM, partnered with MGM Grand Detroit, reported the second highest total with $51.6 million.
Barstool Sportsbook, partnered with Greektown Casino, only took in $18.1 million in online sports betting handle, a decrease of more than $6 million from the $24.8 million handle it posted in April.
Here are the rest of the sportsbook handles for the month of May:
Year to date, Michigan has taken in $1.26 billion in total online sports betting handle and $128.2 million in total in-person sports betting handle.
Michigan sports betting history
Michigan formally approved legal sports wagering on December 20, 2019 when Governor Gretchen Whitmer signed off on legislation.
The state quickly rolled out retail sports betting at casinos in March 2020. The launch was almost immediately halted when both physical sportsbook locations and sports leagues around the globe were forced to shutdown in response to COVID-19.
Subsequently, the shutdowns dealt a significant blow to the state’s projected gaming revenue. Longterm, Michigan projects to be one of the top legal online sports betting markets. With major universities in the University of Michigan and Michigan State combined with four pro sports teams, interest should remain high in local market clubs throughout the year, helping drive a stable wagering trajectory.
Regulatory Writer and Editor for XLMedia. Sports. Gambling. Not necessarily in that order. Follow him on Twitter @rlinnehanxl