After a booming January, Michigan sports betting and iGaming revenues have decreased by 18.9% in February. The total revenue declared by commercial and tribal operators reached $268.5 million, which is down from the $331.2 million reported at the start of the year.
There has been a marked decrease in revenues across the board, but some areas have been hit harder than others.
| Revenue Marker | January | February | Difference |
|---|---|---|---|
| Gross sports betting receipts | $83 million | $46 million | -45% |
| iGaming adjusted gross receipts (AGR) | $233.1 million | $209.1 million | -10.3% |
| Sports betting adjusted gross receipts (AGR) | $54.8 million | $27.2 million | -50.2% |
| Total internet sports betting handle | $555.2 million | $379.8 million | -31.6% |
From the data, it’s clear that sports betting has been most affected by the downturn in revenues. Finding an explanation for the significant downturn is difficult, especially when you consider that the Super Bowl – one of the biggest betting events of the year – took place in February.
While the decrease may seem disappointing on the surface, Michigan betting operators have actually seen a revenue increase from 2024 to 2025. iGaming adjusted gross receipts (AGR) have increased 23.6% from 2024 and sports betting AGR have nearly doubled, increasing by $14.3 million.
