Between January 2022 and now, 10 more states have legalized online sports betting, bringing the total tally to 28 states. The effect of the proliferation of legal mobile sportsbooks on the first few states to launch online wagering is yet unknown. But there’s no doubt that the presence of licensed sportsbooks in more states would reduce betting activities in pioneer jurisdictions.
This effect may well be at work in Michigan as sports betting handle is on a three-month decline streak. June saw the state drop to its lowest sports betting handle in 10 months. Surprisingly, though, during this period, revenue has remained steady, relative to handle stats.