You are here: Home Sports Betting News Gambling Industry Michigan Bookie Operations Reach Higher Sports Betting Handle
Michigan bookie operations are enjoying an increase in sports betting handle for August. Michigan sportsbooks have a total sports betting handle of $208.6 million in wagers. This is a 1.1% increase from July’s total sports betting handle of $206.3 million. For those learning how to become a bookie, take a look at the breakdown of numbers to see that online sportsbooks are the primary preferred platform by sports bettors.
The total sports betting handle of online sportsbooks in the state are at $192.3 million. This is 2.3% higher than the previous month of $188 million. This is the second month that Michigan has an online handle that is less than $200 million since its launch back in January. Online sports betting in Michigan only started this year.
As for retail sportsbooks, the handle is at $16.3 million, 10.9% lower than July’s. Sportsbook pay per head operators tend to get more action due to the convenience of online sportsbooks, especially now that the pandemic means less access to retail stores. Meanwhile, the total adjusted sports betting gross gaming revenue, or GGR is at $9.2 million. $7.5 million of the GGR comes from online sports betting, while $1.7 million comes from retail betting. This is 32.5% lower than July’s $13.6 million.
The numbers, however, are expected to rise as football season starts in September. With so many games available this month, Michigan sportsbooks are bound to take in a lot more action on sportsbooks. In addition, September is also an exciting month for the MLB, as the regular season will be at its peak, and gearing up to the postseason on October. It would not come as a surprise to many in the industry if Michigan breaches the $200 million mark in handle again. If you are interested in getting into sports betting, here are some bookie pay per head reviews to help you find good bookie software.
Get the Best Sports Betting Software for Bookies Here!