Michigan Sports Betting Handle Dips in May; Revenue Climbs by 33%

Michigan Sports Betting Handle Dips in May; Revenue Climbs by 33%

By Christopher Boan

Fact Checked by Michael Peters

The fifth month of the year saw seasonal declines in Michigan sports betting handle.

Overall, Michigan’s sports betting handle fell 10.1%, month-over-month, from $396.009 million to $356.130 million. May’s handle was still 38.2% more than the state raked in during May 2021, when Michigan reported $257.748 million in wagers.

The total gross receipts for Michigan online casinos followed a similar trend in May, dropping from a record-high of $119.310 million in April to $114.695 million in May — a 3.9% decline.

As for sports betting gross gaming revenue, Michigan’s sports betting operators took in $24.843 million, which represents a 33.8% increase from April’s $18.568 million haul.

Although the overall wagering picture for Michigan sports betting was down in May, the amount of sports betting state tax increased by 17.1%, from $1.014 million in April to $1.187 million in May.

Michigan Sports Betting, May vs. April

Total handle Mobile handleRevenue (GGR)
May$356.130M$333.363M$24.843M
April$396.010M$371.224M$18.569M
Change Down 10.1% Down 10.2% Up 33.8%

What Stands Out from Michigan’s May Report

Michigan sports betting’s May handle of $356.1 was down more than $130 million from March’s handle of $479.9 million. The Michigan handle record was set in January at $532.6 million.

May was the second straight month of handle under $400 million after six straight months above that mark.

Although handle was down, overall revenue and tax revenue taken in by the state climbed for the second straight month. Casinos took in $24.8 million in revenue, up 33.8% from April, which had climbed 11.9% from March.

As for the operators, FanDuel Sportsbook Michigan continues to be the leader in handle. MotorCity Casino’s FanDuel Sportsbook saw $99.4 million in handle in May, down nearly $20 million from April.

FanDuel’s best month this year was March, when it took in more than $140 million in wagers. MGM Grand Detroit’s BetMGM Sportsbook was second in handle in May, taking in $79.9 million.

Bay Mills Indian Community’s DraftKings Sportsbook was third in May for the second straight month with $69 million in handle. DraftKings had $132 million in handle in January.

Earlier this month, the Michigan Gaming Control Board reported $108.7 million in aggregate gaming revenue for May, down 9.1% month-over-month, to go with $22.8 million in retail sports betting handle at the three Detroit casinos.

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WRITTEN BY
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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