Michigan Sports Betting Handle/Revenue Drops Again In May

• Sports betting in Michigan saw a decline in both activity and revenue for the second consecutive month in May.
• FanDuel was the number one mobile sportsbook in Michigan.
• Mobile betting dominated the sports betting market in May.

LANSING, Mich. – The Michigan Gaming Control Board (MGCB) has released the sports betting revenue report for May and it shows the continued dip in both activity and revenue.

After hitting record high sports betting numbers in March, Michigan has now had two consecutive months of declining activity.

While sports betting in Michigan is down month over month, the strong online betting presence in the Wolverine State shows that the market is still good.

Michigan Sports Betting

Per the report released by the MGCB, Michigan saw a total betting handle of $257.7 million in May. This is the lowest handle for a single month in 2021.

Sportsbooks saw $21.2 million in sports betting revenue for May. Sports betting activity in Michigan is down almost 33% from the record highs set in March.

Mobile betting dominated yet again, being just $200 less than the total mobile handle in April. The Michigan mobile betting market was yet again dominated by FanDuel Sportsbook.

FanDuel saw $71.2 million in wagers, claiming 30% of the total online sports betting market in Michigan. DraftKings came in second, seeing $66.7 million in wagers to claim 28.1% of the total mobile market. BetMGM rounded up the top three.

The interesting story is Barstool Sportsbook, which initially saw big numbers when it first launched in January, now has fallen in the Wolverine State.

Barstool saw $18.2 million wagered on sports, which is 7.7% of the total market. On launch, Barstool held 23.9% of the market in its first active month, indicating that it would dominate in the future. Since then, however, the sportsbook held 9.9% of the market in April and has now dipped again in May.

Barstool’s name recognition may have been the reason for its early start in Michigan and betting fans may have simply been caught in the hype, only to return to FanDuel and DraftKings going forward.

Michigan’s mobile betting market is still young, however, only just launching in January. It may be too soon to see which mobile sportsbooks would run the legal sports betting market in Michigan.

News tags: Barstool | Barstool Sportsbook | Detroit | DraftKings | FanDuel | Lansing | MGCB | Michigan | Michigan Gaming Control Board