Sports Betting Dime will update this table monthly with the figures provided by the Michigan Gaming Control Board. Note that Michigan casinos were closed for four months of 2020 due to the COVID-19 pandemic. The table below shows Michigan’s sports betting handle, gross gambling revenue, and hold percentage, as well as state tax revenue collected each month since its launch in March 2020. State tax revenue displays taxes collected by the state and municipal jurisdictions.Hold percentage shows how much revenue sportsbooks kept as a function of the betting handle.Revenue reflects the gross gaming revenue kept by sportsbooks after paying out winning bets.Handle refers to the total amount wagered on sports.Sports Betting Dime tracks the development of legal sports betting in America by tallying monthly revenue reports for each state.

Find Michigan sports betting revenue information in the table below, then read on to learn what to expect in 2021. We’ll keep you up to date with the latest economic data and analysis from the business of sports betting. The long-awaited arrival of online sports betting in the Great Lakes State ushered in a whole new era. Michigan sports betting got off to a slow start in 2020 but looks poised to become one of the nation’s biggest markets in 2021 and beyond.

Uk sports betting tax on handle