Another month, another state record for Michigan sports betting.
Total handle in January broke the mark set in December as online sports betting nearly topped $500 million by itself. This was third straight month the total sports betting handle (retail and online) in Michigan was more than $500 million.
Gross gaming revenue and taxes collected also saw increases in January after having drops in December.
Michigan online casinos produced $109.18 million in revenue, down from December’s record $121.8 million.
Overall tax collected by the state in December from was $20.5 million, down from December’s record $22.6 million.
Michigan recently celebrated its one-year anniversary of launching online sports betting and online casinos in the state (Jan. 22).
Michigan Sports Betting Jan. 2022 vs. Dec. 2021
|Total handle||Mobile handle||Revenue (GGR)|
|Change||Up 3.5%||Up 2.5%||Up 19.3%|
Here are three key takeaways from the January report by the Michigan Gaming Control Board:
Can the Momentum Continue?
The total handle from Michigan sports bettors in January was $532.7 million, topping December’s $514.7 million. January was an increase of 3.5%.
Of the total handle, $496.8 million came from mobile wagering on Michigan sports betting apps, up 2.5% from December’s $484.6 million. Online sports wagering accounted for 93.3% of all sports bets placed.
The retail handle for the three Detroit commercial casino sportsbooks, released Tuesday, was $35.9 million, an increase of 19.3% from December’s $30.1 million.
FanDuel, partnered with the MotorCity Casino, edged out DraftKings Michigan, partnered with tribal casino Bay Mills, in online sports betting handle. FanDuel had $132.7 million in handle, while DraftKings had $132 million. BetMGM had $110.9 million in online sports betting handle.
Those three have dominated Michigan sports betting since it launched and accounted for 75.6% of the online sports betting market.
Revenue Rebounds in January
Adjusted sports betting gross revenue for Michigan sports betting in January was up 75.2% from December’s figure, which was $12 million. Numerous states saw revenue fall in December and Michigan’s was dramatic — a 69% drop from November’s $38.8 million.
The January total adjusted GGR was $21.1 million ($19.2 million online, $1.9 million retail).
Tax Collections Rise
The adjusted gross gaming revenue increase in January helped out the state tax collectors.
The total sports betting state taxes collected by the state in January came to $1.45 million ($1.376 million online and $73,070 retail), up 84.5% from December’s total of $785,564 ($738,067 online, $47,497 retail).
The three Detroit casino sportsbooks paid the City of Detroit $596,001 in Internet sports betting taxes and fees.