Michigan Sportsbook Wagering Falls to Lowest Level Since July 2025
August handle slipped 7% from July, while sportsbook adjusted receipts fell 29.3% from a year earlier as iGaming remained resilient.
August handle slipped 7% from July, while sportsbook adjusted receipts fell 29.3% from a year earlier as iGaming remained resilient.
Online casino receipts remained steady above $300 million, while sportsbook revenue and wagering fell after July.
The injunction bars the prediction-market firm from serving Michigan users and threatens $500,000 a day in fines if it fails to comply.
Sports betting handle fell, but adjusted receipts and tax payments still climbed.
Handle fell to its lowest level of the year, but an 8.7% hold lifted sportsbook AGR.
Revenue climbed 46% to $393.8 million, online casino supplied 72% of sales and full-year guidance rose again.
June’s official report showed a 20% drop in online sports handle, while one outlet linked some of the betting surge to the World Cup.
The measure covers sportsbooks and prediction markets, and supporters say it could stop minors from using adult accounts to place bets.
Ingham County Circuit Court Judge Rosemarie Aquilina ordered a 14-day stop, citing Michigan’s 21-plus wagering rule and setting a $120,000-per-day fine for failing to meet geolocation requirements
With WynnBET set to exit the Michigan market and the igaming space overall, Caesars Entertainment looks to increase its market share by launching a new online casino brand by end of 2024.
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