For November, FanDuel was the top-performing sportsbook in the state. The sportsbook was able to generate $154.2 million in wagers in the month, with no other bookie coming close. These massive numbers revealed that FanDuel handled about 32% of the sports betting action in Michigan in November. Coming after FanDuel was DraftKings after receiving $127.4 million in wagers through the month of November.
In terms of revenue, DraftKings came after BetMGM in November, as DraftKings was only able to make $6.7 million in the month, while BetMGM Sportsbook Michigan was able to generate over $8 million in revenue. FanDuel was still the top performer in terms of revenue in the state, as the sportsbook was able to raise over $19m through November. This turned out to be a 49% market share of the entire lot.
In retail betting, MGM Grand Detroit generated $7.63 million as its total handle for November. Greektown Casino’s total handle was at $5.8 million, and Motorcity’s was published at $4.7 million for the month of November.
BetParx managed to pull a 48% jump from its revenue in October as the sportsbook recorded $2.4 million to almost beat its record-breaking performance in January. The sportsbook took a hit in the middle of the year, but its numbers have been improving steadily, and it appears to be finishing the year strong. Caesars Sportsbook, on the other hand, took a 17% drop from its October performance.