Sports betting in Michigan was off to a great start at the beginning of the year, only for things to turn bleak as the year cut in half. Surprisingly, it appears the industry is off to a late boom this quarter as it has now reported back-to-back record-breaking months.
In October, Michigan sportsbooks accepted $551.1 million in wagers, which was at that point the highest ever monthly betting handle recorded.
However, in November, Michigan sportsbooks bested their previous record even as ESPN Bet made its debut in the state. Bettors got the most of operators, though, as hold dropped compared to recent months, leading to an even lower revenue.