The Michigan Gaming Control Board’s latest monthly report reveals that the state’s 12 operators posted a combined sports betting handle of $325.5 million for the month of February.
The state’s three Detroit-based retail sportsbooks took in $23,711,982.53 in sports wagers, down 33.5% on the $35,684,193.76 sports betting handle for January.
February was the first full month of legal online sports wagering and operators reported a combined handle of $301,857,053.99 for the month.
Retail sportsbooks generated $5,304.41 in tax revenue for the state while online sports betting generated $142,239.58.
In a press release on the Michigan Gaming Control Board website, Richard S. Kalm, Michigan Gaming Control Board executive director said:
“Michigan residents and visitors continued to show strong interest in internet gaming and sports betting during a snowy and cold February. The internet gaming taxes more than tripled, but that’s what we expected with a full month of gaming. This means more funding for the City of Detroit, K-12 education, economic development and tribal communities.”
FanDuel was the market leader with $87.2 million in online handle followed closely by BetMGM with $75.7 million.
Image credit: Zach Frailey / CC BY-NC-ND 2.0
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.
