Michigan Sports Betting Hits Half Billion For First Time

  • Michigan residents wagered over $500 million in November, the most bets in a single month for the state.
  • Sportsbooks in Michigan generated more than $58.4 million worth of revenue in November.
  • Over 94% of the entire sports betting handle came from online sports betting.

LANSING, Mich. – November was a record-breaking month for Michigan sportsbooks, resulting in a new highest sports betting handle and revenue pull.

Half A Billion Handle

For the first time since launching, regulated Michigan sportsbooks took in over $500 million in a single month. Michigan sportsbooks came in just shy of the $500 million mark in October, missing it by only $2 million.

Month-Month Wager Handle Comparison:

  • October Handle: $497,565,425
  • November Handle: $500,521,376

It also resulted in the highest monthly revenue pull the state has ever seen. Sportsbooks generated a total of $58.4 million in sports betting revenue, from a 11.7% hold rate.

Online Wager Revenue Impact

Michigan residents are definitely taking advantage of online gambling, since $473.8 million came from online wagers – over 94%.

Three out of the 14 online sportsbooks, in particular, handled well over $300 million of the handle, accounting for half of the total. 

Top Michigan Sportsbook Handles

  1. DraftKings: $126,338,133
  2. FanDuel: $115,238,268
  3. BetMGM: $100,840,842

There’s no doubt that the majority of Michigan’s sports betting success is due to the availability of online sportsbooks.

Michigan sportsbooks have taken in over $3 billion in wagers this year.