Michigan sportsbooks enjoyed a productive March, more than doubling their year-over-year adjusted gross receipts.
Key Takeaways
- The sports betting handle was the second-lowest in seven months.
- FanDuel topped all operators with a $162.2-million in wagers.
- Fanatics showed the most growth, climbing 36.7% YoY in handle and 70.7% in adjusted gross receipts.
The latest batch of results was confirmed in the Michigan Gaming Control Board’s (MGCB) monthly revenue report.
The state’s $485.1-million online sports betting handle in March, powered by March Madness, was up more than $100 million on February, which marked the end of the NFL season. This was still the second-lowest monthly total since August 2025.
Total gross sports betting receipts reached $50 million, up more than $10 million from February. The $32.7 million in adjusted gross receipts (AGR) represents a 123.9% increase on the March 2025 count.
While sportsbooks were more productive than they were in February, their 6.7% hold was only a tick above the 6.6% they produced in the previous month. They started the year with a 7.5% hold in January.
Online sports betting operations produced $2.3 million in state taxes and $684,500 in city wagering taxes and municipal service fees based on the Michigan sports betting revenue total.
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FanDuel leads, Fanatics soars
| Operator | Handle | Adjusted Gross Receipts |
|---|---|---|
| FanDuel | $162.2 million | $13.7 million |
| DraftKings | $135.8 million | $9 million |
| BetMGM | $58.5 million | $3.2 million |
| Fanatics | $52.4 million | $2.5 million |
| Caesars | $25 million | $1.5 million |
| theScore Bet | $19 million | $1.3 million |
FanDuel once again led the Michigan sports betting market. However, its $162.2-million handle was down 9.4% year over year. It also lost 21.7% in YoY AGR, falling to $13.7 million.
DraftKings was in its customary second spot with $135.8 million in total tickets, up 6.1% on March 2025. AGR, however, topped out at $9 million, down 7.2%.
BetMGM was third, albeit by a solid margin, with a $58.5-million handle (down 16.3% YoY) and $3.2 million AGR (-17.9%).
Fanatics produced the strongest growth of all top online operators, soaring from $38.4 million in total wagers a year ago to $52.5 million (up 36.7% YoY). The company also hit $2.5 million in AGR, cementing a 70.7% year-over-year improvement.
Caesars and theScore Bet rounded out the bottom of the market. Caesars hit $25 million in handle (up 5.5% YoY) and $1.5 million in AGR (up 87.5%), while theScore Bet was capped at a $19-million pot (down 21.8% YoY) and $1.3 million in AGR (down 27.8%).
iGaming sets new record
While Michigan sports betting grew in March, it didn’t come close to touching the state’s iGaming market.
The MGCB reported that March iGaming gross receipts reached an all-time high of $322.1 million, beating the $315.8-million record set in December 2025. iGaming AGR increased 17.9% on the February total and 25.6% year over year, resulting in $341.8 million in combined AGR between sports betting and iGaming.
Operators paid a combined $66.4 million in taxes to Michigan, with the vast majority ($64.1 million) coming from iGaming. Detroit received $16.1 million in gaming tax payments.
