Michigan online gaming and betting operators post $285.2 million revenue in June

Michigan’s internet gaming and sports betting operators reported $285.2 million in gross receipts in June 2025, down 5.4% from May, according to data released by the Michigan Gaming Control Board.

iGaming receipts reached $240.6 million, a decline from $251.47 million in May. Gross receipts from internet sports betting totaled $44.6 million, also down from $49.96 million the previous month.

Adjusted gross receipts (AGR) for the month came in at $256.5 million, including $226.0 million from iGaming and $30.5 million from sports betting. Compared to May, iGaming AGR decreased by 4.3%, while sports betting AGR dropped 14.4%.

Despite the monthly slowdown, year-over-year performance remained strong. iGaming AGR rose 37.3%, while sports betting AGR increased by $58.7 million over June 2024.

The total internet sports betting handle fell to $302.7 million in June, down 21.6% from May. However, it marked a 9.4% increase over the same month last year. A 10.1% hold rate - the highest of 2025 - helped sustain revenue levels during what is traditionally considered the professional sports dead season.

Operators paid $48.9 million in state taxes and fees in June, including $47.1 million from iGaming and $1.8 million from sports betting. Detroit’s three commercial casinos contributed $12.3 million in wagering taxes and municipal service fees to the city, while tribal operators reported $5.8 million in payments to their respective governing bodies.

FanDuel led the market with a $103.4 million handle and $14 million in AGR, reflecting year-over-year gains of 7.4% and 34.7%, respectively. DraftKings followed with $95 million in handle and $9.7 million AGR—up 14.6% and 80.1%. BetMGM ranked third at $40.9 million in handle and $3.6 million in AGR, a significant rebound from heavy losses in June 2024.

Fanatics saw strong growth with a $26.2 million handle, more than doubling its year-ago total, although its AGR rose modestly to $400,349. Caesars and ESPN Bet posted handles of $13.7 million and $12.9 million, respectively, with each generating close to $1 million in AGR.

Michigan currently licenses up to 15 online operators, with 12 active. Its 8.4% AGR tax rate remains one of the lowest in the United States, keeping the state attractive to gaming companies. Industry speculation continues around bet365’s U.S. expansion, with a potential entry into Missouri expected by year-end.