Michigan Sports Betting Gets $115M in Handle in 10 Days
The numbers are in for the first 10 days of the Michigan sports betting market. The Michigan Gaming Control Board (MGCB) has released the gaming report for January 22-21. According to the report, the state will be collecting $4.4 million in taxes and payments. As for the betting handle, we have $115.2 million in betting handle for Michigan. Let’s look at the state’s first few days with a sports betting market.
The use of gambling software is big factor in having such good numbers. As what we have been seeing a lot in US states, betting markets that offer online betting perform well within, and even beyond expectations. Meanwhile, those who do not offer online wagering do not. Even those who impose requirements for online betting, do not earn as much.
Michigan Sports Betting Opening
Many bookies who use a sportsbook pay per head can attest to how much wagers can be made in just 10 days. In the case of Michigan, their beginning handle records higher than other states who are opening sports betting markets this year. Tennessee has a $27.4 million handle in its opening week. Of course, factors like the pandemic, as well as betting events will affect the numbers. But Michigan is doing quite well, considering that their first week was the bye week for the NFL, so there was no game to bet on. Unless of course, people were betting on the Super Bowl.
The first gaming and betting report for the year is a good indicator on what Michigan can expect to see. With gambling solutions software available, it is easier for people to bet on sportsbooks online. Now, Michigan residents can bet on various sports games, Daily Fantasy Sports (DFS), and even play their favorite casino games online.
