DraftKings Sportsbook took a few more bites of the Michigan sports betting pie in June.
The operator saw its monthly share of online Michigan sports betting handle increase to more than 29%, up from 26% in May.
According to figures released Tuesday by the Michigan Gaming Control Board, DraftKings handled $66.4 million of the $227.9 million bet online in June.
MI sports betting handle up for BetMGM
BetMGM increased its monthly share of handle in June, too. With $41.8 million in total online bets, BetMGM claimed 18% of all monthly handle, up from 16% in May.
FanDuel Sportsbook saw its handle share drop a few percentage points in June. However, it did remain the market leader in overall sports betting handle.
FanDuel handled $74 million in online bets during the month, good for 32% of all sports betting dollars. It took 34% of all dollars from Michigan sports betting in May.
Monthly handle share down for others
Other Michigan sports betting apps also experienced a dip in their market share of handle in June.
Caesars Sportsbook accepted $17.7 million in June bets for an 8% handle market share, down one percentage point from May. Barstool handled $10.5 million, or 4%, in online bets, down one percentage point from May.
Overall MI sports betting in June
In June 2022, MI sports betting apps took in $270 million in bets, a nearly 16% drop compared to the $227.9 million this past June.
Online sports betting in Michigan was also down 21% month-over-month in June. Total May handle online was $288.3 million. Given the seasonality of the sports calendar, June, July, and August are typically slower months.
According to LSR data, Ohio sports betting launching in January has also played a role in its neighbor’s monthly handle. Between January and June of this year, Michigan’s total handle reached $2.06 billion, an 11% drop compared to the first six months of 2022 ($2.32 billion.)
Sports betting revenue for operators topped out at $18.3 million in June. Michigan collected $545,600 in sports betting taxes for the month.
