September 19, 2021
  • September 19, 2021

Michigan sportsbook takes small step forward in June

By on July 20, 2021 0

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.


Source link

Leave a comment

Your email address will not be published. Required fields are marked *