Michigan sportsbooks set new record for monthly betting handle
- By: Staff Writer
- October 17, 2021
- LikeUnlikeLike
- 832 Views
Michigan sportsbooks reported an 85.4% month-on-month increase in total betting handle in September, according to the latest revenue reports published by the Michigan Gaming Control Board.
The report shows that the state’s licensees took in a combined $386.8 million in sports wagers in the month, up from $208.6 million in August. The figure is the highest ever for the state since the legalization of sports betting, surpassing the previous record of $383.7 million set in March.
Out of the total wagered, operators in the state held $27.1 million, an increase of 54.8% from the combined win of $17.5 million posted in the previous month.
Online sports betting handle hits $354.3m
Mobile betting has been the nerve center of Michigan’s sports wagering industry since it was launched in January, and September was no exception.
The state’s online sportsbooks accounted for a huge chunk of the total betting handle, having processed $354.3 million of the amount staked by bettors in the state. The online handle posted in August was $192.3 million, which translates to an improvement of 84.2% month-on-month.
SEE ALSO: GOLDEN NUGGET ENTERS VIRGINIA MOBILE BETTING MARKET
The gross revenue generated by online wagering in September was $23.7 million, up from $15.9 million in the month prior.
Moving on to retail, the report shows that the three casinos in Detroit handled $32.5 million worth of sports bets in the month, which is almost double the $16.3 million posted in August.
The facilities also saw a massive jump in retail sports betting revenue as the profit increased from $1.65 million in August to $3.46 million in September. These figures translate to a win rate of 10.5% and an improvement of 106.7% month-on-month.
DraftKings on top for second straight month
DraftKings continued its impressive run in September to clinch the top slot in the Michigan sports betting market after toppling FanDuel for the first time in August.
The sportsbook had the highest online betting handle in the state in September at $106.9 million, an increase of 71.4% from the $61.4 million reported in the previous month. The operator’s hold from the wagers placed by online customers in the month was $3.0 million, down from August’s $4.4 million.
The second mobile sportsbook in terms of volume was FanDuel, which posted an online handle of $82.1 million, up from $47.7 million in August. However, the operator’s revenue from mobile betting was the second highest in the state at $7.2 million.
The BetMGM brand came a close third with $81.8 million in handle and an impressive $8.8 million in sports betting revenue.
The BetMGM online app is licensed under MGM Grand casino in Detroit, while DraftKings and FanDuel partner with Bay Mills Resort & Casino in Brimley and MotorCity Casino in Detroit, respectively.
Here is how the rest of Michigan’s licensed sportsbook apps performed in September. The figures below show the online sports betting handle posted by each operator in the month.
- Barstool Sports (Greektown Casino) – $29.5 million
- Caesars (Turtle Creek Casino) – $23.9 million
- PointsBet (Northern Waters Casino) – $13.5 million
- FoxBet (Odawa casinos) – $5.2 million
- BetRivers (Little River Casino) – $3.4 million
- WynnBet (Kewadin casinos) – $2.3 million
- TwinSpires (Island Resort & Casino) – $1.6 million
- Play Gun Lake (Gun Lake Casino) – $1.5 million
- Firekeepers.com (FireKeepers Casino) – $1.03 million
- Golden Nugget (Ojibwa Casino) – $1 million
- Fourwindscasino.com (Four Winds casinos) – $588,732
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race MediaTop Online Casinos
Latest Betting News
- Broncos @ Saints betting picks & predictions | NFL Thursday
- Alcaraz, Sinner favoured to make Six Kings Slam semi-finals
- West Indies knock England out of Women’s T20 World Cup
- NZ thrash Pakistan to make Women’s T20 World Cup semi-finals
- Kyrgios eyeing Grand Slam success as comeback looms
- McGregor set to fight Hooker on UFC return in February 2025
- Sinner bolsters No.1 ranking with Shanghai Masters title
- Buffalo Bills @ NY Jets tips, odds & predictions | Week 6 preview
- India break record for highest-ever T20I total against Bangladesh
- Cricket: England complete historic victory over Pakistan
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe