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HomeIndustryMichigan iGaming and sports betting operators post $382.5M in May revenue

Michigan iGaming and sports betting operators post $382.5M in May revenue

Michigan’s commercial and tribal operators reported a combined $382.5 million in iGaming and online sports betting gross receipts in May, a 3.1% increase from April 2026.

According to data released by the Michigan Gaming Control Board, May iGaming gross receipts totaled $305.8 million, while online sports betting gross receipts reached $76.7 million. Combined adjusted gross receipts stood at $316.72 million for the month, made up of $293.45 million from iGaming and $23.27 million from online sports betting.

The sports betting market recorded one of its strongest year-over-year handle increases of 2026, even though wagering volume slipped slightly from the previous month. Online sportsbooks accepted $457.6 million in wagers in May, down 0.7% from April’s $460.8 million but up 18.5% from the $386.1 million recorded in May 2025.

The nearly $72 million year-over-year increase came as Michigan continued to see additional competition from operators that were not active in the market a year earlier.

Bet365 Sportsbook, a newer entrant after launching in Michigan in April, generated $66.8 million in handle in May and ranked third among the state’s 13 platforms. However, the operator recorded an adjusted gross revenue loss of nearly $16 million.

FanDuel Sportsbook remained the market leader with $131 million in handle, followed by DraftKings Sportsbook with $121.5 million. BetMGM Sportsbook ranked fourth with $45.3 million in wagers, while Hard Rock Bet Sportsbook, another newer operator, handled $11.3 million during the month.

Despite the increase in wagering volume, sports betting profitability declined. Online sports betting adjusted gross receipts fell 4.9% from April and were down 34.6% year over year. By comparison, iGaming adjusted gross receipts rose 0.8% from April and increased 24.2% from May 2025.

May’s sports betting handle growth was notable because the month is typically slower for wagering activity. Outside the NBA and NHL playoffs, operators do not have the same volume drivers associated with football season or March Madness, but Michigan bettors still wagered nearly half a billion dollars.

Operators submitted $64.2 million in taxes and payments to the State of Michigan in May, including $61.5 million from iGaming taxes and fees and $2.7 million from online sports betting taxes and fees.

The three Detroit casinos reported $14.6 million in wagering taxes and municipal services fees paid to the City of Detroit, consisting of $13.8 million from iGaming and $839,168 from online sports betting. Tribal operators reported $8.4 million in payments to governing bodies in May.

June is expected to be busier as the FIFA World Cup takes place across North America and customers make use of Michigan sports betting bonuses.

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