Michigan sportsbooks combined to produce $384.7 million in online wagers during February, marking slight growth from the $379.8 million that was reported during the same period in 2025.
While the handle was up, total gross sports betting receipts ($39.9 million) declined 13.3% year-over-year.
Key Takeaways
- Fanatics was the only sportsbook to show year-over-year growth in handle and receipts.
- FanDuel held onto the top spot in the state sports betting scene.
- Michigan’s online gaming market produced more than $55 million in taxes.
The Michigan Gaming Control Board revealed the financial figures in its latest monthly report.
The $384.7 million handle was the lowest reported total since August. While February has fewer days than all of the other months, the more likely explanation for the lower total is that it marked the end of the NFL season.
Michigan sportsbooks had reported $491.3 million in handle during January, meaning that 21.7% less money was wagered during the latest monthly period.
The $39.9 million in gross receipts was also the lowest amount in the state since July 2025. Sportsbooks also posted a disappointing 6.6% hold based on $25.4 million in total adjusted receipts, nearly a full percentage point below the 7.5% hold in January.
Online sports betting ultimately resulted in $1.7 million in state taxes and $587,193.50 in city wagering taxes and municipal service fees based on the Michigan sports betting revenue.
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FanDuel tops the market
| Sportsbook | Handle | Gross Receipts |
|---|---|---|
| FanDuel | $128.6 million | $17.2 million |
| DraftKings | $113.2 million | $9.7 million |
| BetMGM | $44.9 million | $5.3 million |
| Fanatics | $38.7 million | $3.7 million |
| Caesars | $18.8 million | $1 million |
| theScore Bet | $14.7 million | $959,993.82 |
FanDuel retained its customary spot atop the Michigan sports betting market, claiming $128.6 million in handle and $17.2 million in gross receipts. While both still led all competitors, those marks represented 10% and 27.4% year-over-year decreases, respectively.
DraftKings claimed $113.1 million in wagers and $9.7 million in receipts. While the handle was up 6.1% YoY, the receipts were down 24.2% during the same period.
BetMGM claimed the bronze medal in the Michigan market. It reports $44.9 million in accepted tickets, down 17.9% on the February 2025 total, and $5.3 million in receipts, up 8.9% on the previous year’s monthly total.
Fanatics showed the most improvement among all sports betting operators. It reported a $38.7 million handle and $3.7 million in revenue, which constituted 55% and 64.5% YoY improvements.
Caesars’ handle dropped 1.7% YoY to $18.8 million. However, it generated more than $1 million in gross receipts after finishing nearly $80,000 below the zero line last February.
theScore Bet—rebranded from ESPN Bet in December—was the first sportsbook to generate less than $1 million in gross receipts with $959,993.82, down 43.6% year-over-year. That was based on a $14.7 million handle, which was also down 17.9% on February 2025.
iGaming also takes a hit
Michigan’s entire gaming market was responsible for $313 million in gross receipts, down 12.2% from the January total. $273.1 million of that was produced by the state’s iGaming market, which was also down about 8.4% on the month prior.
Despite that, Michigan online casinos produced 25.4% more in adjusted revenue than they did during February 2025.
The iGaming market ultimately produced $53.9 million in taxes and fees.
