Michigan joins $500m handle club, shatters November revenue records
It is the fifth state to generate more than $500m in a month through combined retail and online sports bets.
Michigan joined four other states – New Jersey, Nevada, Illinois and Pennsylvania – by taking in more than $500m in combined retail and online sports betting in November.
Online sportsbooks in Michigan drew a record $473.8m in November, breaking the record of $463.6m set in October by 2.3%, according to official data released Thursday by the Michigan Gaming Control Board.
Michigan’s online and retail sportsbooks hit $500.5m for the month, up 0.6% from $497.6m in October, after adding in the $26.7m in retail wagering from Detroit-area casinos that they had announced earlier in the week.
Michigan’s online casinos and poker rooms have now generated $992.2m in gross gaming revenue, putting the state at the doorstep of $1bn for the year. Only two other states, New Jersey and Pennsylvania, have reached such a rarefied place over the course of a calendar year. Michigan will be the first to reach that milestone in its debut year.
Other highlights from November include yielding $19.8m in state taxes and another $7.6m in local taxes. MGM Grand Detroit led all online casino and poker operators with $40.1m, yielding $10.6m in state and local taxes. DraftKings/Bay Mills followed as a close second with $16.8m in gross receipts and yielding $3.5m in state and local taxes. FanDuel/Motor City was third with $16.8m in gross receipts, which produced $4.4min state and local taxes.
Analysts have credited Michigan’s record-breaking numbers to the state’s football run and the increasing interest Michiganders have in diverse forms of online sports betting.
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