August 16, 2022

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Michigan Sports Betting Hits New Heights In November – Legal Sports Report

<p>Michigan sports activities guessting clocked in A mannequin new doc in November.</p> <p>Michigand.......

Michigan sports activities guessting clocked in A mannequin new doc in November.

Michiganders guess $500.5 million at MI sports activitiese-books in November, Based mostly on a state report launched Thursday. That was up from October’s $497.6 million, the earlier doc deal with.

On-line sports activities guessting in Michigan reached $473.8 million By way of the month, or 94.7% of the deal with.

Michigan sports activities guessting income hits doc

Michigan sports activitiese-books generated almost $58.8 million in gross sports activities guessting income, good for a 11.7% maintain. That breaks the March 2021 doc of $35.2 million in gross income.

Sportse-books can deduct promotional spending from their gross income. Operators dished out almost $20 million in promos.

The state collected $1.8 million in taxes.

Race for prime Michigan sports activitiese-book heats up

DraftKings Sportse-book overtook The very biggest spot in Michigan, with $126.3 million in online deal with. That makes up 26.7% of The general online deal with.

FanDuel Sportse-book dropped from The very biggest spot in October, clocking $115.2 million, or 24.3% of The internet deal with. In October, FanDuel held a 26.8% share of The internet market.

BetMGM Sportse-book is a strong No. 3 Inside the sports activities guessting market, with $100.8 million, or 21.3% of The internet deal with. Barstool Sportse-book is a distant fourth with $41.3 million in online deal with.

Retail sports activitiese-books down

Retail sports activities guessting at casinos in Detroit was down 22%</…….

Source: https://www.legalsportsreport.com/60768/november-2021-revenue-michigan-sports-betting/