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At least for the month of August, DraftKings Sportsbook has proven itself to be the reigning champion among Michigan sports betting operators.
We have no regrets for going there, and we do not apologize.
According to the Michigan Gaming Control Board’s recent release, DraftKings has achieved a significant milestone in Michigan by surpassing FanDuel Sportsbook for the first time since the inception of online sports betting on Jan. 22. FanDuel had maintained the top position in every preceding month.
Last month, DK dominated the online sports betting market by taking $61.4 million in bets, securing a 31.9% market share out of the overall $192.3 million total bet online. FanDuel trailed behind with $47.7 million in bets, holding a 24.8% share. BetMGM Sportsbook followed closely in third place with $43.7 million in bets, accounting for a 22.7% share. These three companies have established a significant lead over the 11 other sports betting operators in the state.
In August, the inclusion of some regular-season college football games and preseason NFL football action contributed to a boost in online sports betting handle. Compared to the $188.0 million wagered in July, August witnessed a 2.3% increase in betting activity.
August total pushes Michigan over $2 billion wagered in 2021
This year in Michigan, the total amount wagered on sports has surpassed $2 billion, including bets made at Detroit casinos.
When augmented with sports bets placed at the downtown Detroit casinos, August’s online haul contributed to a yearly total of $2.07 billion in handle.
From January 22 to August, a total of $1.88 billion in sports bets has been made through mobile platforms in Michigan. Furthermore, Greektown Casino, MGM Grand Detroit, and MotorCity Casino have seen a combined amount of $187.1 million in sports bets placed.
During the month of August, online sports betting operators in Michigan made significant contributions to state taxes and payments, totaling $540,706. Additionally, they also paid $216,699 in taxes and fees to the city of Detroit.
| Licensee | Online Brand | Total Handle | Online Handle | Retail Handle | Revenue (GGR) | Promos | State Tax | Local Tax |
|---|---|---|---|---|---|---|---|---|
| Bay Mills | DraftKings | $61,366,232 | $61,366,232 | ? | $4,382,519 | $2,219,687 | $181,678 | $0 |
| MotorCity | FanDuel | $50,816,224 | $47,654,287 | $3,161,937 | $5,044,800 | $1,558,844 | $200,088 | $133,398 |
| MGM Grand Detroit | BetMGM | $47,997,913 | $43,668,283 | $4,329,630 | $4,711,482 | $1,887,219 | $148,261 | $113,771 |
| Greektown | Barstool | $21,931,297 | $13,134,693 | $8,796,603 | $1,307,139 | $220,786 | $52,003 | $45,762 |
| Grand Traverse | Caesars | $10,025,422 | $10,025,422 | ? | $162,383 | $733,580 | $0 | $0 |
| Lac Vieux Desert | PointsBet | $6,193,759 | $6,193,759 | ? | $939,617 | $856,378 | $0 | $0 |
| Little River | BetRivers | $3,138,513 | $3,138,513 | ? | $236,884 | $97,977 | $0 | $0 |
| Little Traverse Bay | Fox Bet | $2,494,696 | $2,494,696 | ? | $328,911 | $78,362 | $21,046 | $0 |
| Nottawaseppi Huron | FireKeepers | $1,105,872 | $1,105,872 | ? | $109,987 | $100,123 | $0 | $0 |
| Hannahville | TwinSpires | $1,004,706 | $1,004,706 | ? | $109,846 | $104,897 | $0 | $0 |
| Sault Ste. Marie | WynnBet | $883,496 | $883,496 | ? | $95,820 | $70,638 | $0 | $0 |
| Keweenaw Bay | Golden Nugget | $668,503 | $668,503 | ? | $3,049 | $40,817 | $0 | $0 |
| Pokagon | Four Winds | $483,992 | $483,992 | ? | $16,666 | $261,754 | $0 | $0 |
| Match-E-Be-Nash-She-Wish | Play Gun Lake | $455,331 | $455,331 | ? | $87,231 | $99,325 | $0 | $0 |
| Total | $208,565,955 | $192,277,785 | $16,288,170 | $17,536,332 | $8,330,386 | $603,077 | $292,931 |
Caesars up, Barstool down as football kicks off
After rebranding from William Hill in early August, Caesars Sportsbook experienced a significant boost. The book’s handle reached $10.0 million, securing its position as fifth in the market and showing a remarkable 32.9% increase compared to July.
In the meantime, Barstool Sportsbook maintained its stability by generating $13.1 million in sports bets, securing the fourth position in the market. It experienced only a slight decline of 3.6% compared to July. Despite showing a small increase in market share last month, Barstool encountered a dip in August, falling from 7.2% to 6.8%.
In September, we will closely monitor these two brands as football gains momentum.
Can you please rewrite the following statement for me? <br><br>”The weather is predicted to be sunny and warm tomorrow.”
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