Marked another month of sharp decline for Michigan sports betting. Michigan online sportsbooks and Detroit’s three retail casinos reported a combined $338.1 million in sports bets for the month, a drop of $57 million from the previous month. While retail gambling has been declining over the past year, online sports betting in Michigan has also been experiencing a collective decrease. This decline not only applies to bets placed but also to Michigan’s sports betting revenue.
Online gambling down almost 10% inside 2023
The first four months of 2023 have shown that online gambling is weak in Michigan. April’s $322.8 million in online bets marks the fourth consecutive month the state has had at least $30 million less in handle than it did in the same month in 2022. December of 2022 marked the first time that online gambling had a lower handle than the previous month. That trend has worsened so far in 2023. For the first four months of 2023, online bets are down 9.7% compared to the first four months of 2022.
| 30 days | 2022 Internet Handle | 2023 Online Deal with | Difference |
| The month of january | $496. almost eight million | $475. 6 , 000, 000 | -$21. two million |
| Feb . | $398. some million | $344. 9 , 000, 000 | -$53. your five million |
| Mar | $451. six million | $407. 7 , 000, 000 | -$43. being unfaithful million |
| Apr | $371. two million | $322. 8 , 000, 000 | -$48. some million |
| Entire | $1. seventy two billion | $1. 55 billion dollars | -$166. being unfaithful million |
FanDuel carrying on to flourish, DraftKings keeping steady
This news has been rough for most Michigan online sportsbooks. However, the state’s two leaders are holding steady. FanDuel Sportsbook MI has clearly established itself as the state’s online sportsbook leader. FanDuel has recorded nearly $3 billion in lifetime online handle and is seeing positive results so far in 2023.
The online operator for MotorCity Casino has $534.4 million in wagers for the first third of 2023, up $20.7 million from 2022 ($513.8 million). This is the largest increase of any of Michigan’s 15 sportsbooks.
DraftKings Sportsbook MI and BetMGM Michigan have been competing for second in the state, but DraftKings looks to be creating some distance in the race in 2023. DraftKings has $394.2 million in bets so far in 2023, down just $13.4 million from the $407.7 million it recorded at this point in 2022.
BetMGM is a much different story. It has amassed only $304.6 million in online bets in 2023. That’s $90.8 million less than the $395.3 million it had in the first four months of 2022.
6 Michigan internet sportsbooks lower more than twenty percent in deal with
Through the primary third regarding 2023, an overall total of 6 online sportsbooks in the point out are lower at least twenty percent in bets compared to last year.
Aside from BetMGM, here are another sportsbooks experiencing big betting declines inside 2023:
- Barstool Sportsbook: Down $54. 6 , 000, 000 (38. 6%)
- Caesars Sportsbook: Down $31. 4 , 000, 000 (23. 1%)
- PointsBet Sportsbook: Down $7. 5 , 000, 000 (16. 5%)
- Fox Guarantee Sportsbook: Lower $5. seven million (40. 8%)
- betParx Sportsbook: Along $1. seven million (27. 4%)
- FireKeepers Online Sportsbook: Down $1. 7 zillion (21. 6%)
Besides FanDuel, simply BetRivers Sportsbook (up $12 million) together with Golden Piece Sportsbook (up $1. a couple of million) have observed a growth throughout wagers to achieve 2023.
Over the internet sports betting earnings up together behind FanDuel’ s spike
There’s some good news, with a bit of bad news.
The good news is that Michigan’s online betting revenue has increased nearly 16% so far in 2023, after amassing $36.3 million in September.
The bad news is that FanDuel and DraftKings make up the majority of it, with FanDuel leading by a significant margin.
FanDuel has $71.2 million in revenue so far in 2023, which is $25.3 million higher than in 2022 ($45.9 million). Its growth surpasses the revenue of every other book in 2023, excluding DraftKings.
DraftKings has $27.9 million in revenue in 2023, up $10.7 million from 2022.
Seven online operators have seen a decline in revenue for 2023 so far, led by BetMGM (down $10.7 million) and Barstool (down $6.4 million).
Overall, Michigan has $137.2 million in online betting revenue in 2023, which is up $18.7 million from 2022’s mark of $118.5 million.
Drew Ellis is the Lead Writer of PlayMichigan, the number one source for online gambling news in Michigan. A long-time resident of the state, Ellis has been working in various forms of media since 1998, including over a decade in the sports betting industry before transitioning to US casino markets in 2020.
