Unlike online casinos that have maintained an upward trend for months, sports betting operators in Michigan seem to be on a downward spiral. Sportsbooks saw a two-digit percentage decline in betting handle both from a month-to-month perspective and a year-over-year comparison.
The total handle amounted to $357.2 million, including figures from retail and online sportsbooks. However, despite the general depreciation, several individual sports betting operators recorded a year-over-year growth, with FanDuel leading this pack of sportsbooks. All the financial details, including taxes are analyzed subsequently.