August Michigan Sports Betting Nearly Matches 2022 With $228.5 Million Wagered

Written By Drew Ellis on September 20, 2023
Photo of Mackinac Bridge in Michigan, which had $228.5 million in August ports betting handle

Michigan sports betting in August nearly matched the handle it had from August of 2022.

Sports betting in the state generated $228.5 million in handle in August, just 0.6% less than its $229.8 million of a year ago.

While online sports betting continues to be less in 2023 than in 2022, the online revenue for the year is still outpacing 2022 through eight months.

With $218.5 million in online wagers, Michigan online sportsbooks drew $23.2 million in revenue in August. That puts the online sportsbooks at $236.3 million in revenue for 2023, 11% higher than it was through eight months of 2022 ($212.9 million).

August 2023 Michigan sports betting revenue numbers

Here are the top-line numbers for Michigan sports betting in August from the Michigan Gaming Control Board.

  • Handle: $228.5 million ($218.5 million online)
  • Revenue: $23.5 million ($23.2 million online)
  • Hold: 10.3% (down from 11.0% last month)
  • Month-over-month: Handle increased 9.4%
  • August sports betting taxes: $1.1 million to the state and $383,481 to local entities.
  • Top online sports betting app by handle: FanDuel Sportsbook MI with $76.1 million
  • Top online sports betting app by revenue: FanDuel Sportsbook MI with $9.4 million

Three takeaways from August Michigan sports betting revenue report

Online betting shows smallest dip of 2023

We’ve seen that sports betting in Michigan has plateaued with overall handle and online handle being less in each month of 2023 than its counterpart in 2022.

However, August shows a little promise for the sports betting industry in the state. The difference in online handle from August 2022 ($218.8 million) to August of 2023 ($218.5 million) was the smallest margin yet this year.

With the start of college football and preseason NFL taking place in August, as well as the Women’s World Cup, it appears that Michigan sports bettors showed an increased interest in the events.

Will that trend continue over the final four months, the most active sports betting time of the year?

In 2022, the final four months saw $1.8 billion in online handle. That accounted for nearly 40% of the year’s total ($4.55 billion).

If 2023 can show similar results, it would be a sign that even though the industry may have plateaued, its foundation remains strong.

Michigan back to 14 online sportsbooks

August marked the first month that Michigan has been down to just 14 online sportsbooks since March of 2022.

On July 31, Flutter announced it was shutting down Fox Bet Sportsbook across the country. That included in Michigan, as it was the online sportsbook for Odawa Casinos.

While Fox Bet wasn’t bringing in strong handle or revenue, it still added to a greater total. For August, Fox Bet actually had to reimburse wages, so it had a negative handle while also losing nearly $100,000 in revenue on its way out the door.

Flutter, which operates PokerStars Casino MI and also owns FanDuel Sportsbook MI and FanDuel Casino MI, has yet to announce any plans for replacing Fox Bet with the license it has for Odawa Casinos.

Michigan bettors not improving

For the fifth time in sixth months, Michigan’s sportsbooks recorded a double-digit hold.

In August, the hold for the books stood at 10.3%.

Nine of the 14 operators had a hold of 9.5% or greater.

FanDuel continues to post strong holds, led by its heavily promoted Same-Game Parlay format — which is a consistent feature of any of the app’s Michigan sportsbook promos.

In August, FanDuel collected a 12.0% hold. For the year, it has a 13.1% hold. That’s impressive considering the FanDuel retail sportsbook has lost nearly $1 million on the year.

FanDuel’s online sportsbook in the state has a 13.7% hold in 2023.

Michigan sports betting August 2023 revenue by operator

LicenseeOnline BrandHandleRevenueHoldTaxes
MotorCityFanDuel$78,947,823$9,586,39612.1%$700,497
Bay MillsDraftKings$57,796,186$5,583,9839.7%$302,842
MGM Grand DetroitBetMGM$38,894,892$3,752,7879.6%$197,360
Grand Traverse Band of Ottawa and ChippewaCaesars$16,501,030$1,945,37811.8%$136,901
GreektownBarstool$16,281,311$941,1175.8%$72,696
Little River Band of OttawaBetRivers$7,067,843$668,1769.5%$14,166
Lac Vieux Desert Band of Lake Superior ChippewaPointsBet$5,525,202$567,46210.3%$29,260
Sault Ste. Marie Tribe of ChippewaWynnBet$2,802,806$156,5725.6%$12,908
Sagniaw ChippewaEagle$1,069,486$159,26014.9%$6,195
Match-E-Be-Nash-She-Wish Band of PottawatomibetParx$1,056,487$52,7235.0%$0
Keweenaw BayGolden Nugget$905,291$5790.1%$0
Pokagon Band of PotawatomiFour Winds$608,441$60,3829.9%$0
Nottawaseppi Huron Band of PotawatomiFireKeepers$568,593$31,2015.5%$0
HannahvilleSI$471,791$71,98215.3%$0
Little Traverse Bay Bands of OdawaFox Bet-$1,419-$97,578N/A$0
Total$228,495,763$23,480,41910.3%$1,472,826
Photo by Shutterstock
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Drew Ellis

Drew Ellis is the Lead Writer of PlayMichigan, the No. 1 source for online gambling news in Michigan. A lifelong resident of the state, Ellis has been working in various forms of media since 1998, including more than a decade in the sports betting industry prior to transitioning into US casino markets in 2020.

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