The latest revenue report from the Michigan Gaming Control Board reveals that the state’s sports fan wagered $206.3 million during the month of July, a drop of 20.5% from June.
Michigan sportsbooks generated combined revenue of $20.8 million which was a drop of 23% on the previous month. This resulted in state taxes of $808,027.
Online sportsbooks accepted $188 million in wagers throughout the month down 20% from June’s figures. FanDuel was the leader once again with a 29% share of the online sports betting market. DraftKings tightened the gap during July to secure a 28% market share, a significant improvement on June’s market share of 24% against FanDuel’s 33%. BetMGM followed not too far behind with a 22% share of the online market while Barstool came fourth with only 7%.
Retail sports bets amounted to $18.3 million at Detroit’s three commercial sportsbook located in the city’s casinos. This was a 25% drop on June’s handle.
Barstool Sportsbook at Greektown led the retail market taking in $8.6 million in bets while the BetMGM Sportsbook at MGM Grand Detroit accepted $5.2 million in wagers. The FanDuel Sportsbook at MotorCity placed third in the retail market accepting $4.5 million in bets throughout the month.
This was the third month in 2021 that Barstool has led the retail market with FanDuel leading in the other three months of the year so far.
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.
