Michigan sportsbooks top $30 million in July

• Michigan online sportsbooks generated $30.8 million in adjusted gross receipts from a $355.2 million handle in July, up 28.8% year over year.
• Operators posted an 8.7% hold, their strongest of 2026, as FanDuel remained the only book to clear $100 million in handle.
• Fanatics grew its adjusted gross receipts by 272.2% year over year, the fastest pace among the state’s licensed sportsbooks.

The Michigan Gaming Control Board reported Wednesday that online sportsbooks generated $30.8 million in adjusted gross receipts from $355.2 million in wagers during July, a 28.8% increase from a year earlier.

The handle was the lowest of 2026, down 3% from June, but a stronger hold pushed monthly revenue to the third-highest total of the year.

FanDuel stays out front

FanDuel led the market with a $107 million handle and $11.8 million in adjusted gross receipts, up 18.4% and 7.7% year over year respectively. It was the only operator to clear $100 million in handle during the month.

DraftKings held second place with a $99 million handle, up 12.7% year over year, and $8.1 million in adjusted gross receipts, a 28.1% increase.

BetMGM took third with $41.1 million in handle, up 11.4% year over year. Its $3.4 million in adjusted gross receipts slipped 2.4% from July 2025, one of the few declines among the state’s larger operators.

Caesars posted a $17.1 million handle, down 0.7% year over year, but its $754,521 in adjusted gross receipts rose 21.8%. theScore Bet brought in an $11.2 million handle, down 0.5% year over year, while its $571,500 in adjusted gross receipts fell 44.1% from a year earlier.

Fanatics posts standout growth

Fanatics tied BetMGM for third in adjusted gross receipts at $3.4 million, on a $35.3 million handle. Its 272.2% year-over-year jump in revenue was by far the sharpest of any operator in the market, even as its handle grew a more modest 22.4%.

Fanatics recently signed on as an NFL sportsbook partner, a deal that gives the operator fresh marketing reach heading into football season.

Overall hold across the market reached 8.7% in July, the strongest of 2026 and well above January’s 7.5% and June’s 5.5%. Sportsbooks paid $2.1 million in state taxes and fees plus $591,247 to Detroit in wagering taxes and municipal service fees.

iGaming still leads state revenue

Michigan’s online casino segment continued to outpace sports betting in scale. iGaming produced $290.7 million in adjusted gross receipts, up 23.6% year over year and 0.5% from June, keeping it above the $300 million revenue mark it has held for most of 2026.

Combined gross iGaming revenue across both verticals reached $346.1 million, a 1.4% increase from June. iGaming operators paid $61.2 million in state taxes and $13.5 million in wagering taxes and municipal fees to Detroit during the month.

Michigan’s iGaming and sports betting market topped $3.8 billion in combined revenue in 2025, and July’s figures suggest 2026 is tracking ahead of that pace. Fifteen commercial and tribal operators are currently licensed to offer online sports betting and iGaming in the state.

Pennsylvania sportsbooks topped $500 million in handle for the same month, and New York posted a record revenue haul of its own. Both states reported comparable growth in July.

Sustaining an 8.7% hold through the fall calendar will determine whether July’s revenue strength carries into the NFL and college football seasons, when handle typically climbs sharply regardless of margin.