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When the National Football League made its comeback in September, there was a significant increase in sports betting activity at the Detroit casinos.
During its regular meeting, the Michigan Gaming Control Board revealed that patrons took a risk of $32.5 million in the month.
In just one month, Michigan sports betting handle saw a staggering 99.7% increase compared to August. During that time, bettors placed wagers worth $16.3 million on sports at Greektown Casino, MGM Grand Detroit, and MotorCity Casino.
In terms of the calendar year, the Detroit sports betting handle ranked second highest, with only January surpassing it at $35.7 million. However, in comparison to last September’s figures ($33.5 million), the September sports betting handle fell behind slightly. This decrease can be attributed to the absence of online sports betting and the limited capacity of Michigan casinos due to COVID-19 restrictions in the previous year.
In August, college football games commenced in limited numbers. However, this recent month saw a surge in NCAA football betting and a nearly complete schedule of the NFL regular season, which is widely considered the most favored sport for wagering in the United States.
The totals do not incorporate figures from statewide online sports betting, which may be available later this week, possibly in September.
MGM Grand Detroit retakes sports betting handle lead
In September, BetMGM Sportsbook at MGM Grand Detroit dominated the market, securing a significant 40.5% market share by accumulating a staggering $13.2 million in sports bets.
In recent times, Barstool Sportsbook at Greektown Casino has emerged as a dominant force in the market. Throughout July and August, Barstool consistently outperformed its competitors, capturing a 46.9% market share in July and an impressive 54.0% in August.
In September, Greektown held the second position, generating $12.0 million, which accounted for a 36.8% share. Following closely was FanDuel Sportsbook at MotorCity Casino, securing the third spot with $7.4 million, equivalent to a 22.7% share.
| Licensee | Retail Handle | Revenue (GGR) | Promos | State Tax | Local Tax |
|---|---|---|---|---|---|
| MGM Grand | $13,168,397 | $1,338,540 | $2,723 | $50,700 | $61,966 |
| Greektown | $11,982,901 | $883,813 | $0 | $33,408 | $40,832 |
| MotorCity | $7,377,190 | $1,237,488 | $0 | $46,777 | $57,172 |
| Total | $32,528,487 | $3,459,841 | $2,723 | $130,885 | $159,970 |
$290k paid by Detroit casinos in September taxes from sports betting
The state of Michigan received a tax payment of $130,885, while the city of Detroit benefited from a tax payment of $159,970, all of which was generated from the sports betting activities.
The total tax contributions made by the three casinos for the year amount to $720,450 for Michigan and $880,549 for Detroit.
Furthermore, online sports betting in the state has resulted in over $3.9 million in tax revenue generated from the total wagered amount of $1.88 billion up until August. Additionally, operators in Detroit have contributed $2.2 million to the city through online betting.
Can you please rephrase that?
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