Michigan Sports Betting

  • Michigan set new sports betting handle record of $497.6 million in October
  • The majority of Michigan’s sports betting revenue came from online sports betting.
  • FanDuel handled the most October sports bets of any active Michigan sportsbook

DETROIT – Michigan is now among multiple other states who just broke their previous highest monthly sports betting handle in October.

In October, Michigan sportsbooks reportedly handled $497.6 million, just shy of breaking half a million in sports wagers in a single month.

That is a 28.6% increase from September’s previous $386.8 million record monthly handle.

Back To Back Broken Records

  • September 2021: $386.8 million
  • October 2021: $497.6 million

Although there are over a dozen different operating sportsbooks in Michigan, the majority of sports bets were wagered through three primary books: FanDuel, DraftKings, and BetMGM.

Top Five Michigan Sportsbook Handles (Oct, 2021)

  • FanDuel: $123,958,756
  • DraftKings: $120,411,750
  • BetMGM: $102,184,773
  • Barstool: $40,010,642
  • Caesars: $36,515,540

$463.3 million of the $497.6 million worth of wagered were placed online rather than retail.

  • Retail October sports betting handle: $34,221,337
  • Online October sports betting handle: $463,344,087

Sports Betting Revenue Breakdown

The total revenue generated in October was $26.9 million. Just over 90% of the revenue from Michigan’s October sports wagers came from online sports betting.

  • Retail sports betting revenue: $2.6 million
  • Online sports betting revenue: $24.3 million

While that is by no means a record-breaking number for Michigan, it still generated a solid $775,077 worth of tax dollars – $552,907 of which came from online sports betting specifically.

FanDuel made over $10.3 million in revenue, with BetMGM pulling in $7.4 million. The next closest sportsbook (DraftKings) saw just under $3 million in revenue.

Across the nation, October has been the single largest month in US legal sports betting history.

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