Michigan sportsbook takes small step forward in June
After a two-month slide, Michigan sports betting has taken a step forward with their June manage through a jump in retail betting.
State sports betting has taken $ 259.5 million in June bets, up slightly from May‘s $ 257.7 million, according to Michigan Games Control Board published figures Monday. May was the lowest level for Michigan sports betting since online sports betting launched in mid-January.
The slight increase came from the $ 24.4 million in retail bets at three Detroit casinos against $ 20.2 million the preceding month. the $ 235.1 million the inline grip was a drop from that in May $ 237.6 million in online betting.
The income from sports betting has been $ 27.2 million, a 10.5% hold on.
Reverse the MI Sports Betting Slide
Michigan’s highlight was $ 383.7 million in March, its second full month as an online marketplace. It is normal for markets to sag in the spring as the sporting calendar shrinks.
As the numbers tumble, a few promising months wait with the lucrative NFL the betting season is fast approaching.
Along with overall management, Michigan sports betting revenue in June was up from May. $ 21.2 million. The state collected a little over $ 1 million in taxes.
Three-way race in the Mitten State
BetMGM sports betting, DraftKings Sportsbook and FanDuel Sportsbook are the clear market leaders, with FanDuel capturing nearly 33% of $ 235.1 million bet online. Secure DraftKings 24%, while BetMGM caught 22%.
These three also all spent more than $ 1.5 million in promotions, with FanDuel in the lead with $ 2.2 million on sale.
|Operator||Handle in line||Gross gaming revenue||Hold||Market share|
|FanDuel||$ 77.3 million||$ 10.3 million||13.3%||33%|
|DraftKings||$ 56.4 million||$ 5 million||8.9%||24%|
|BetMGM||$ 52.1 million||$ 6.1 million||11.7%||22%|
|Sportsbook bar stool||$ 16.7 million||$ 1.8 million||10.8%||7%|
|PointsPari||$ 10.2 million||911 $ 170||8.9%||4%|
|Guillaume Hill||$ 7.9 million||$ 598,641||7.6%||3%|
|WynnBet||$ 5.5 million||(- $ 383,777)||–||2%|
|Fox bet||$ 3.7 million||$ 332,639||9%||2%|
|BetRivers||$ 2.5 million||$ 107,480||4.3%||1%|
|TwinSpires||$ 1.3 million||$ 143,197||11%|
|Gold nugget||$ 914,393||$ 83,782||9.2%|
|Four winds||$ 607,100||(-18,782)||–|
Guardians of the Fire quietly launched in the month, taking $ 656 in paris. It was officially launched as 13th sports betting brand last week.
Triple retail run as well
The three Detroit the casinos represented $ 24.4 million in retail trade betting. The Detroit casinos have passed their 2020 totals with June figures, according to Playing in michigan.
- MotorCity‘s FanDuel Sportsbook: $ 8.5 million
- MGM Grand DetroitBetMGM sports betting: $ 8.1 million
- Greek city casino‘s Barstool Sportsbook: $ 7.8 million
The MGCB does not report retail bets made at tribal casinos in the state.