The Michigan Gaming Control Board reported a $289.7 million handle and revenue of $29.1 million in the final full month of summer.
The Michigan Gaming Control Board reported a $289.7 million handle and revenue of $29.1 million for the Wolverine State in the final full month of summer.An early start to the college football season and the fervor surrounding the reigning national champion University of Michigan were likely factors in a sports betting increase from the Wolverine State in August. that $289.7 million was wagered in the final month of summer, up 26.8% year-over-year.
DraftKings posted the second-best handle at $78.1 million, up $8.4 million from the previous month, but revenue dropped off slightly to $7.6 million. Caesars came in fourth with a handle of $18.4 million, but the online operator’s sub-5% hold led to less than $1 million in revenue. Fanatics Sportsbook and ESPN BET both cleared that profit mark with double-digit handles as well. Online casinos provided a big business in Michigan as revenue of $196.7 million rose 29.2% year-over-year. The third-largest iGaming total in Michigan history was up 2.7% from July.
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