Updated:
Jun 17, 2026 , 10:52 AM ET
• 4 min read
Sports betting was fueled by the NBA and NHL playoffs amid the absence of March Madness, the NFL, and college sports.
Photo By – Reuters Connect.
Michigan sports betting continued its tremendous growth in May as operators combined to accept $457.6 million in wagers, up 18.5% on the previous year’s monthly total.
Sports betting was fueled by the NBA and NHL playoffs amid the absence of March Madness, the NFL, and college sports.
Key Takeaways
- FanDuel continued to lock down the top spot, although DraftKings closed the gap.
- Fanatics showed extreme growth again, improving its YoY handle by 26.3%.
- iGaming has eclipsed $3 billion in tax contributions since the market launched in 2021.
The latest financial figures were confirmed in the monthly Michigan sports betting revenue report released by the Michigan Gaming Control Board.
The $457.6 million in total wagers dwarfed the $386.1 million that was generated last May. However, it marked a 0.7% decrease on the total reported last month.
Despite customers’ activity remaining high, operators only produced $23.3 million in adjusted gross receipts (AGR) during May. That number was down 34.6% from the $35.6 million they achieved in May 2025 and represented the smallest total since September 2025.
One explanation for the sharp decline in AGR is the operators’ insignificant hold. The 5.1% win rate was down more than 4.1% from last May and was even lower than April’s disappointing 5.3% standard.
Sportsbooks combined to pay $2.7 million in total online sports betting taxes and $839,168.27 in wagering taxes and municipal service fees to Detroit, based on the Michigan sports betting revenue.
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Sports betting performances
| Online Operator | Handle | Adjusted Gross Receipts |
|---|---|---|
| FanDuel | $131 million | $16.8 million |
| DraftKings | $121.5 million | $11.3 million |
| BetMGM | $45.3 million | $4.5 million |
| Fanatics | $38.8 million | $2.9 million |
| Caesars | $17.9 million | $1.3 million |
| theScore Bet | $12.1 million | $915,537.28 |
FanDuel enjoyed its familiar position atop the Michigan sports betting market with a $131 million handle, although it experienced a 6.1% year-over-year decline. Its $16.8 million in AGR was also down 2.5% year-over-year.
DraftKings hit $121.5 million in handle, which was up an impressive 12.3% YoY. Its AGR did even better, beating its prior-year monthly total by 22.2% and reaching $11.3 million.
BetMGM finished third with $45.3 million in wagers and $4.5 million in AGR. Those marks were down 17.2% and 10.7% YoY, respectively.
Fanatics continued its rapid growth and made a serious challenge for the Michigan podium. The sportsbook reported $38.8 million in handle, up 26.3% YoY, and $2.9 million in AGR, beating May 2025’s total by an enormous 225.9%.
There was a drop-off from Fanatics to the next two operators, starting with Caesars. The famous gambling brand managed a $17.9 million handle, down 38.4% YoY, as well as $1.3 million in AGR, up 17.6% YoY.
theScore Bet closed out the top six operators with a $12.1 million handle, which was down 23.3% since May 2025. Revenue failed to crack $1 million and was stuck at $915,537.28, which was down a huge 48.8% YoY.
A historic milestone
As sports betting continued to grow across the state, iGaming followed suit.
The state’s iGaming industry produced $293.5 million in AGR, which was up 24.2% year-over-year and 0.8% on the April 2026 total. Gross receipts also hit $305.8 million, the third-highest monthly total in state history.
Operators paid $75.3 million in iGaming taxes and fees to the state and city of Detroit, meaning that Michigan has now collected more than $3 billion in taxes since the market launched in January 2021.