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 handle||Revenue (GGR)|
|Change||Down 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.