Despite Super Bowl, Michigan Sports Betting Handle Drops in February

Despite Super Bowl, Michigan Sports Betting Handle Drops in February

By Christopher Boan

Fact Checked by Michael Peters

It was a down month across the board for Michigan sports betting operators in February.

The data released by the Michigan Gaming Control Board on Thursday showed the Great Lakes State raked in $423,768,381 in handle during February — down 20.4% from the $532,681,709 brought in during January.

Total handle in January broke the state record set in December, as online sports betting nearly topped $500 million by itself. February broke a streak of three straight months the total sports betting handle (retail and online) in Michigan was more than $500 million.

Michigan’s sports betting marketplace saw negative gross gaming revenue in February, coming in at -$4,821,691, a month after the state reported $21,101,770 in revenue.

But despite the drastic decrease month-over-month, February’s handle number was the fifth best since online wagering kicked off in January 2021.

Here’s a look at the fuller picture for Michigan’s sports betting scene during the second month of the year.

Michigan Sports Betting, February vs. January

Total handle Mobile handleRevenue (GGR)
February$423.768M$398.395MMinus-$4.822M
January$532.682M$496.817M$21.102M
ChangeDown 20.4% Down 19.8% ------

Rough Month for Michigan Operators

The theme that emerges from the MGCB’s monthly revenue report is February was a downer for retail and Michigan betting apps alike.

According to the data, Michigan saw its mobile sports betting handle fall to $398,394,907 in February, which was a 19.8% decline from January’s sum of $496,816,569.

February’s totals weren’t any better for retail sports betting operators in the state, with a handle of $25,373,474 in February, down 29.3% from the $35,865,140 the state reported in January.

Michigan’s total sports betting tax amount of $360,354 represented a 75.1% drop from January’s haul, which was $1,449,737.

MotorCity and Bay Mills Casinos Lead State in Handle

The state’s leader in handle during February once again was MotorCity Casino’s FanDuel Sportsbook, which saw $122,402,376 in wagers.

No other casino cleared $100 million in handle, with Bay Mills Indian Community hitting $94,693,960 in wagers, while MGM Grand Detroit’s BetMGM Sportsbook had $86,658,217.

Only one casino in the state raked in more in wagers during February than January: the Sault Ste. Marie Tribe of Chippewa Indians — who went from $1,826,241 in January to $2,823,944 in February.

Bay Mills Indian Community’s DraftKings Sportsbook had the largest drop in revenue, with a 28.3% decrease from $132,031,967 in wagers in January.

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Christopher Boan
Christopher Boan has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.
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Christopher Boan has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.
... Read More