Michigan Sports Betting Handle Drops to $257M for Month of May

by Thomas Nielsen - Wednesday, June 16th, 2021 9:52


The latest monthly revenue report from the Michigan Gaming Control Board reveals that the state’s licensed sportsbooks posted a sports betting handle of $257,748,035.08 for the month of May falling well short of the state’s record-breaking handle of $383,691,892 posted in March 2021.

Detroit casinos reported a retail sports betting handle of $20,196,877 while the state’s online sportsbook operators accounted for 91.5% of the handle taking in $237,551,158.08 in wagers.

Retail sportsbooks posted total gross receipts of $1,769,271 paying $66,096 in state taxes. Total gross receipts for online sportsbook operators amounted to $19,459,442.64. Adjusted gross sports betting receipts totaled $9,876,405.84 generating $615,152.53 in taxes for the state.

The state’s licensed internet gaming operators reported $94,851,552.09 in internet gaming gross receipts for May and posted adjusted gross gaming receipts of $89,064,106.13. This generated state taxes of $18,102,212.90 for the month.

Speaking following the release of the report, Henry Williams, Michigan Gaming Control Board executive director said:

“Adjusted gross receipts for internet casino gaming were up two-tenths of a percent compared with April, which means state, city and tribal governments received more revenue. The event-driven sports betting handle dropped 4.9 percent compared with April. While Michigan does allow wagering on horse racing’s largest events through its regulated track and advance deposit wagering, it does not permit wagering on horse racing through the online sportsbooks.”

May’s figures bring Michigan’s total sports betting handle for 2021 to $1,263,899,024.31 while total receipts for internet gaming now sit at $393,868,548.26.

 

Image credit: All-Pro Reels / CC BY-SA 2.0

Thomas Nielsen
Reporter

Thomas is an iGaming veteran with a background in poker and marketing.