May Revenue Insights
💸 $395M in May Handle
🧾 $36.9M in Revenue
📈 9.33% Hold Rate
💰 $3.1M in Taxes
DETROIT, MI
Michigan’s sports betting market posted a total handle of $395.3 million in May 2025, according to data from the Michigan Gaming Control Board. This figure represents an 11.4% increase over May 2024, marking a strong rebound from a slight April dip and reaffirming the state’s position as one of the most robust betting markets in the U.S.
With 13 online sportsbooks currently operating, Michigan maintains the third-largest roster of legal digital operators in the country, following only New Jersey and Colorado. That density has continued to translate into consistent month-to-month engagement, even as national trends plateau.
May 2025 by the Numbers
| Metric | Total |
|---|---|
| Handle | $395,296,514.00 |
| Gross Revenue | $36,873,130.30 |
| Hold % | 9.33% |
| Tax Revenue | $3,097,342.95 |
Operators recorded $36.9 million in gross revenue, with a hold percentage of 9.33%, falling in line with industry expectations and slightly below January’s peak hold of nearly 15%. Tax contributions from May totaled $3.1 million, supporting the state’s general fund and regulatory infrastructure.
