Michigan sports wagering generated an April closely comparable to last year.
Key takeaways
- Michigan didn’t see much year-over-year change in sports betting, but revenue was much better than March.
- One retail sportsbook had an especially rough April.
- iGaming revenue decreased for just the second time in the past 10 months.
The Michigan Gaming Control Board reported a $427 million monthly handle, a 3% year-over-year increase. April's $42.9 million gross revenue was down just 1.1% compared to the same month in 2024. The Wolverine State’s commercial and tribal online sports betting operators produced $26.8 million in adjusted gaming income.
The latest 10% hold was down slightly from April 2024’s 10.5%, but it’s the third double-digit win rate year-to-date and up significantly from March’s 6.9% hold.
The Wolverine State accepted $1.4 million in tax revenue from operators, but retail sportsbooks paid out just $45,000 to the state and city of Detroit. MGM Grand Detroit finished with a -$219,857 AGR.
Profit increase
Month-over-month wagering decreased 12% from March Madness' heavy volume.
Still, the NBA and NHL Playoffs, MLB, and the NFL Draft provided a busy month that led to the seventh $400 million handle in the last eight months. March revenue plummeted behind customer-friendly parlays and favorites cashing in the NCAA tournament. April gave books a 30% month-over-month profit increase.
Online monthly revenue grows
| Online Operator | April Handle | Revenue |
|---|---|---|
| FanDuel | $154.6 million | $19.1 million |
| DraftKings | $114.9 million | $10.5 million |
| BetMGM | $53.9 million | $5.8 million |
| Fanatics Sportsbook | $29.3 million | $3.3 million |
| Caesars | $29.1 million | $1.1 million |
| ESPN BET | $21.4 million | $1.9 million |
FanDuel generated nearly $15 million less in online wagers from March to April, with a $154.6 million handle. However, better results against bettors led to $19.1 million in revenue, up from the previous month’s $15 million.
DraftKings took in $114.9 million in April bets, about the same month-over-month dropoff, but its $10.5 million profit was up slightly from March. BetMGM generated the third-most mobile wagers with a $53.9 million handle. Income rose nearly $2 million month-over-month to $5.8 million.
Fanatics Sportsbook produced an 11.3% hold on a $29.3 million haul. Caesars was fifth with $29.1 million in wagers, and ESPN BET enjoyed more revenue on a smaller handle.
iGaming surge falls off
Michigan online casinos generated $248.1 million in gross profit in April, down 4.8% from March's all-time monthly record $260.5 million. This is just the second month-over-month iGaming revenue decrease in the last 10 months, but both occurred in 2025.
Online casino operators hauled in nearly $980 million in year-to-date income, and paid out $48.2 million in state taxes in April, bringing the yearly total of over $184 million from iGaming alone.
