All About Michigan Handle And Revenue

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The experts at BetMichigan.com have assembled this guide to explain what we mean when we talk about Michigan sports betting financial figures, which include handle, revenue, adjusted gross receipts and tax collections.

The Michigan gambling market is one of the most expansive in the United States. Michigan has Tribal and commercial casinos; retail and mobile sports gambling; and online casino games (also called iGaming) with options such as slots, table games and internet poker.

Tribal casino gambling in Michigan predated the commercial casinos in Detroit. In 1993, the state signed compacts with several federally recognized tribes in Michigan to conduct Class III gaming on their lands, but some tribal gaming operated even before that time. In 1996, Michigan voters approved commercial casino gambling for Detroit, which allowed for three casinos. They opened from 1999 to 2000. 

Near the end of 2019, the state legislature legalized a raft of gambling options, including in-person and online sports gambling, iGaming and fantasy sports. Commercial and tribal casinos could have retail sports betting and Michigan sportsbook apps. The first in-person sports bet was made in March 2020 and online sports gambling launched in early 2021.

Michigan Sports Betting, October vs. September

 

Total handle

Mobile handle

Revenue (GGR)

October

$619.391M

$605.918M

$50.786M

September

$537.890M

$524.349M

$13.968M

Change

Up 15.2%

Up 15.6%

Up 263.6%

Another month of football (both college and professional) netted huge returns for Michigan sports betting operators and customers alike in October, according to numbers that the Michigan Gaming Control Board reported on Nov. 18.

The total sports betting handle of $619,391,296 last month was up 15.2% from September ($537,890,048). The state’s mobile sports betting handle, or amount wagered, was $605,918,347 in October, a 15.6% boost from September’s $524,349,162 in a month-over-month comparison.

Throw in a retail sports betting handle of $13,472,949, which was down 0.5% from $13,540,886 in the previous month, and you have the handle angle covered in Michigan during October.

As far as wagering revenues were concerned, Michigan’s total adjusted sports betting total wrapped up October at $50,786,086 ($49,245,645 online, $1,541,441 retail), up 263.6% from September’s total of $13,967,968 ($13,220,543 online, $747,425 retail).

That netted the state a total sports betting tax bill of $3,490,573 ($3,432,307 online, $58,266 retail), a 338.4% spike compared to $796,290 ($768,038 online, $28,252 retail) in September.

As for market share, MotorCity Casino (FanDuel) was the top dog for handle in October, at $230,536,817, followed by Bay Mills Indian Community (DraftKings) at $180,494,675. The rest of the top five operators were MGM Grand Detroit (BetMGM) at $70,532,170, Lac Vieux Desert Band of Lake Superior Chippewa Indians (Fanatics) at $50,343,142 and Greektown Casino (ESPN BET) at $28,564,369. ESPN BET passed Caesars for No. 5 in the state but it was too little, too late because Penn Gaming’s flagship brand is shutting down nationwide. ESPN will provide DraftKings odds instead and shut down the ESPN BET sportsbook, which never gained enough traction to justify the investment.

Betting Handle Through The Months

Handle and Revenue FAQs

Author

Christopher Boan

Christopher Boan is a staff writer for BetMichigan.com. He 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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