Michigan Bookie Industry Sets Record in September
The Michigan bookie industry enjoys a great month as the state reaches the highest ever betting handle in a month. Those who are in the process of becoming a bookie are in perfect timing, as football season is in full swing. Michigan joins Illinois and Indiana in reporting record-breaking monthly sports betting handles, while other states are also recording a large increase in betting handle for September.
Many bookie pay per head sportsbooks are showing substantial increases in both revenue and handle as September brings in football season. With both college football and the NFL in their regular seasons, football bettors have a lot of betting options each week. Proof of which, is Michigan, among others.
Michigan Bookie Industry in September
The Michigan sports betting industry in September logs in a total monthly sports betting handle of $386.8 million. This is a huge jump, by around 85.4%, from August’s handle of $208.6 million. The previous highest monthly handle of the state was back in March of this year, with a total handle of $383.7 million. Meanwhile the total adjusted sports betting gross gaming revenue, or GGR, for September is at $3.5 million. This is significantly lower than Augusts GGR of $9.2 million.
The online sports betting handle for Michigan for September is at $354.3 million. This is 84.2% higher than August’s $192.3 million. Meanwhile, the retail sportsbooks in Detroit have a handle of $32.5 million. This is 99.7% higher than August’s 163 million. Given the boom in sports betting, now is the perfect time to get started on your very own sportsbook. Here an idea of how much money do I need to be a bookie, in case you are wondering. If anything, getting started as early as now gives you the chance to earn from games early on into the season.
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