Michigan online sportsbooks accepted $330.5 million in wagers in August, down 7% from July and 2.5% from a year earlier. It was the state’s lowest monthly handle of 2026 and its lowest since July 2025.
Adjusted gross receipts fell more sharply, reaching $24.2 million, a 21.4% monthly decline and 29.3% lower than August 2025. Sportsbooks retained 7.3% of stakes, their third-highest hold rate of the year, and paid $1.6 million in state taxes, plus about $495,000 in city wagering taxes and municipal service fees.
As we reported in August, July had produced Michigan’s highest online sportsbook adjusted gross receipts of 2026 despite what was then the year’s lowest handle. Covers reported that the August slowdown came during what it termed the professional sports “dead season.”
FanDuel led the market with $111 million in wagers, up 3.8% year on year, and generated $11.7 million in gross receipts. DraftKings ranked second with a $91.1 million handle, down 11.6%, and $9.4 million in revenue.
BetMGM took $32.9 million in wagers, down 35.1% from a year earlier, and generated $4.5 million in revenue. Fanatics’ handle rose 4% to $31.4 million, while its revenue fell 23% to $3.3 million. Caesars recorded a $17.2 million handle, down 14%, and theScore Bet took $9.9 million, a 35.9% decline.
The broader online gambling market was supported by iGaming. The Michigan Gaming Control Board recorded $337.6 million in combined iGaming and online sports betting gross receipts for August, down 2.5% from July. iGaming supplied $303 million of that total, compared with $34.6 million from online sports betting.
On an adjusted basis, iGaming generated $290.8 million, edging up 0.1% from July and rising 17.6% from a year earlier. Combined adjusted receipts from the two verticals totalled $315 million.
Michigan’s online operators made $62.8 million in payments to the state during August, including $61.2 million from iGaming and $1.6 million from sports betting. The state had 15 authorized commercial and tribal operators, with all 15 offering iGaming and 13 offering online sports betting.
