Michigan online sportsbooks record May handle of $238m
Michigan online sportsbooks generated May handle of $238m, a decline of 4.9% from April.
The Michigan Gaming Control Board previously reported that the state’s retail sportsbooks reported monthly handle of $20.2m, bringing Michigan’s total May sports wagering handle to $258m. That’s down 6% from April.
Gross operator revenue for online sports betting was $19.5m last month, a 4.5% decline month-on-month. Michigan earned $1m in state taxes.
FanDuel/MotorCity Casino led the online market with $71.2m in handle and $9.3m in revenue. DraftKings/Bay Mills Indian Community was runner-up in handle with $66.7m while earning revenue of $1.9m.
BetMGM/MGM Grand Detroit placed second in revenue with $5.3m and third in handle, which amounted to $51.6m.
Two other operators reached seven figures in revenue last month: Barstool/Greektown Casino won $1.1m, while PointsBet/Lac Vieux Desert Band of Lake Superior Chippewa Indians took in $1m.
Michigan sportsbooks aren’t being helped out by local sports teams. MLB’s Detroit Tigers have one of the worst records in baseball, while the NHL’s Detroit Red Wings and NBA’s Detroit Pistons missed the playoffs in their respective leagues.
Michigan internet gaming operators had a prolific May, collecting revenue of $94.9m. That was slightly off the iGaming revenue record set in March of $95.1m and slightly above April win.
“Adjusted gross receipts for internet casino gaming were up two-tenths of a percent compared with April, which means state, city and tribal governments received more revenue,” said Henry Williams, Michigan Gaming Control Board executive director.
BetMGM/MGM Grand Detroit led iGaming with gross receipts of $36.1m, while FanDuel/MotorCity was a distant second with $16.3m of GGR.
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