In January, Michigan sportsbooks reported nearly $491 million in sports betting handle, down very slightly from the previous month and a bit more of a decline from January 2022.
The exact sports betting handle, or amount wagered, was $490,904,822 in January, from mobile and retail combined. That was down 0.8% from December ($494.82 million) and off by 7.8% from 12 months earlier ($532.68 million).
The mobile sports betting handle on Michigan sportsbook apps was down 0.6% in a month-to-month comparison, from $478.74 million in December to $475.63 million last month.
Sports Betting Revenue Also Dips
The total adjusted sports betting gross gaming revenue was $17,956,188 in January (with $17,845,165 of that online), down 44.6% from the Michigan December betting revenue of nearly $32.4 million.
The total tax derived from sports betting fell 39.2%, from $1.94 million in the previous month to $1.18 million in January.
Of the 15 sports betting operators, FanDuel Michigan Sportsbook, DraftKings and BetMGM led the way with handles exceeding $100 million.
FanDuel reported a monthly best $20.1 million in revenue and had a 13.1% hold. Barstool Sportsbook (Greektown), WynnBet (Sault Ste. Marie) and FireKeepers (Nottawaseppi Huron) reported a loss in January.
The decline in total sports betting handle, by nearly $42 million, from January 2022 could be attributed to several factors. But the New Year’s Day launch of sportsbooks in neighboring Ohio — at mobile and retail outlets plus hundreds of sports betting kiosks statewide — is one explanation for Michigan’s decline. That decreased the out-of-state traffic Michigan would receive from its southern neighbor.
MI Sports Betting, January vs. December
Michigan Retail Sports Betting
The three Detroit commercial casinos — MGM Grand Detroit, Motorcity Casino and Hollywood Casino at Greektown — produced just over $111,000 in revenue last month, according to numbers released Tuesday by the Michigan Gaming Control Board. The total retail sports betting handle was $15.2 million (down 5% from December) and gross receipts totaled just under $150,000.
Motorcity Casino had the highest qualified adjusted gross receipts in January, totaling over $230,000. MGM and Hollywood Casino were over $62,000.
Overall, Detroit’s trio of casinos had a handle of $15.2 million and total gross receipts were just under $150,000. Detroit casinos had a state tax of $8,939, compared to $73,037 in January 2022. The Detroit casinos submitted $10,926 in wagering taxes to the city.
Michigan Online Casinos Set Record Again
Michigan reported a 0.6% month-to-month increase in total adjusted gross receipts for iGaming, at $138.3 million on Michigan casino apps. That broke the record set in December of nearly $137.5 million and was the fourth consecutive record month for Michigan iGaming.
The state’s total sales tax for iGaming was $24.8 million, a nearly 13% increase from December ($28.5 million).
As far as gross receipts (before adjustments), the state took in $187.3 million in combined revenue from Michigan online casinos and sports betting. That figure was down 7.1% from December ($201.6 million).