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Can you please rewrite the following sentence for me?<br><br>Original sentence: “The dog chased after the ball and caught it in its mouth.”
In May, the online sports betting market in Michigan experienced a further decline as it entered the leisurely summer season, with wagers dropping by 4.9% to reach $237.6 million.
The figures, which were disclosed on Tuesday by the Michigan Gaming Control Board, indicate a predictable and ongoing slowdown in MI online sports betting following a robust start during the winter season. However, a significant increase in activity is anticipated during the upcoming football season in the fall.
FanDuel Sportsbook remained the frontrunner, dominating the market with a sports betting handle of $71.2 million, securing a 30.0% market share. DraftKings Sportsbook trailed behind, taking the second position with $66.7 million in bets, accounting for a 28.1% share. BetMGM Sportsbook claimed the third spot with $51.6 million and a market share of 21.7%, while Barstool Sportsbook settled for fourth place with $18.2 million, representing a 7.7% share.
| Licensee | Online Brand | Total Handle | Online Handle | Retail Handle | Revenue (GGR) | Promos | State Tax | Local Tax |
|---|---|---|---|---|---|---|---|---|
| MotorCity | FanDuel | $77,633,048 | $71,158,909 | $6,474,139 | $10,029,621 | $1,901,782 | $412,649 | $280,163 |
| Bay Mills | DraftKings | $66,743,390 | $66,743,390 | ? | $1,900,614 | $2,681,745 | $0 | $0 |
| MGM Grand | BetMGM | $59,528,525 | $51,580,090 | $7,948,435 | $5,657,697 | $2,511,130 | $176,571 | $122,044 |
| Greektown | Barstool | $23,955,701 | $18,181,398 | $5,774,302 | $1,743,158 | $369,217 | $67,420 | $57,208 |
| Lac Vieux Desert | PointsBet | $11,441,407 | $11,441,407 | ? | $1,011,252 | $1,104,331 | $0 | $0 |
| Grand Traverse | William Hill | $6,153,332 | $6,153,332 | ? | $217,050 | $224,200 | $0 | $0 |
| Little Traverse Bay | Fox Bet | $5,087,919 | $5,087,919 | ? | $338,049 | $132,333 | $17,280 | $0 |
| Little River | BetRivers | $2,834,528 | $2,834,528 | ? | $76,004 | $117,316 | $0 | $0 |
| Hannahville | TwinSpires | $1,483,408 | $1,483,408 | ? | $95,645 | $200,199 | $0 | $0 |
| Sault Ste. Marie | WynnBet | $1,417,570 | $1,417,570 | ? | $168,874 | $81,641 | $7,328 | $0 |
| Keweenaw Bay | Golden Nugget | $923,269 | $923,269 | ? | $10,750 | $28,553 | $0 | $0 |
| Pokagon | Four Winds | $545,937 | $545,937 | ? | -$20,000 | $251,295 | $0 | $0 |
| Match-E-Be-Nash-She-Wish | ? | $0 | ? | $0 | $0 | $0 | $0 | |
| Nottawaseppi Huron | ? | $0 | ? | $0 | $0 | $0 | $0 | |
| Total | $257,748,035 | $237,551,158 | $20,196,877 | $21,228,714 | $9,603,743 | $681,248 | $459,415 |
Barstool down, DraftKings up in operator horse race
The market share of Barstool in Michigan has been consistently declining. Initially, it stood at 23.9% in the first 10 days after the launch in January. However, it progressively decreased to 13.3% in February, 11.0% in March, 9.9% in April, and currently rests at 7.7%.
Out of the 12 operators, only DraftKings, Golden Nugget Sportsbook, BetRivers Sportsbook, and Four Winds Sportsbook experienced a rise in May handle compared to April.
DraftKings, with a promotional spend of $2.7 million, continued to close the gap with FanDuel for the top spot. Last month, it surpassed BetMGM to secure the No. 2 position and in May, it further extended its lead in sports betting over the state’s internet gaming leader.
Add Detroit retail books, and $257.7 million bet in May
In addition to the Detroit retail sportsbook figures for June 8, the total amount wagered on sports in May was $257.7 million, excluding bets placed at tribal sportsbooks across the state. This represents a decrease of 6.0% compared to the $274.2 million wagered in April.
The MGCB does not receive reports on the numbers of tribal locations from the state’s 12 federally recognized tribes, as these tribes are independent and have sovereignty.
In the month of May, online sports betting operators accumulated a revenue of $19.5 million. They dutifully contributed $615,153 to the state of Michigan in taxes, along with $378,632 to the city of Detroit.
Since its launch on January 22nd, MI sports betting revenue has reached an impressive $94.9 million, coincidentally matching the monthly revenue figures of internet gaming in both April and May.
Since its launch, sports betting has generated $1.7 million in state taxes and an additional $1.0 million in taxes and fees for the city of Detroit.
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