Michigan Reach Milestone Being Fastest State To Surpass $1b

The Michigan Gaming Control Board’s (MGCB) new gaming study was a watershed moment for the state.

The state announced a $249.9 million online sports betting handle for April, giving it more than $1 billion in sports bets since its mobile sports betting platforms launched on Jan. 22. More than $1.03 billion has been wagered on sports in Michigan.

That’s the earliest any state with legal sports betting has reached a cumulative handle of $1 billion.

The $249.9 million in sports bets made online in April is down 30.5 percent from the $359.5 million in March. The drop is most likely linked to the end of March Madness, a common betting event that ended in early April.

The three Detroit casinos posted a retail sports betting handle of $24.3 million in April earlier this week, giving Michigan a total handle of $274.2 million in April. This was a 28.5 percent decrease from March’s total ($383.7 million). The overall handle was 91 percent mobile.

In a press release, MGCB executive director Richard S. Kalm said: “While the sports betting handle dropped 30-plus percent, which we expected the month after March Madness, internet casino gaming adjusted gross receipts held steady with a slight two-tenths of a percent increase in April.”

Other significant Michigan statistics

In April, online casino gaming gross receipts totaled $94.85 million, while sports betting operators earned $20.38 million in total gross sports betting receipts.

Internet gaming grossed $88.87 million in adjusted gross receipts, while online sports betting grossed $10.88 million. The operators paid the state of Michigan $18.1 million in taxes and payments. Sports betting brought in $312,824 and online casinos brought in $17.8 million.

The three commercial casinos in Detroit recorded $5.4 million in wagering taxes and municipal fees, including $5.2 million from online gambling and $186,939 from sports betting. Gaming fees to the tribes of the governing bodies totaled $1.8 million, according to tribal operators.

Since April, overall internet gaming adjusted gross receipts have totaled $280.3 million, including $13.9 million in online sports betting adjusted gross receipts.

Michigan’s top casinos and sportsbooks

With a market share of 38.8 percent, BetMGM led all Michigan casinos in April revenue with 36.8 million. With $15.6 million, FanDuel came in second, followed by DraftKings with $15.5 million.

In April, FanDuel was the largest Michigan sportsbook once again, with a handle of $74.2 million and a 29.7 percent market share. With $61.5 million in wagers, DraftKings came in second, followed by BetMGM with $59.9 million and Barstool with $24.8 million.

Michigan Sports Betting April vs. March

Total handleMobile handleRevenue (GGR)
April$274.213M$249.875M$12.424M
March$383.692M$359.450M$21.861M
ChangeDown 28.5%Down 30.5%Down 43.2%
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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.