New addition to the Michigan sportsbook scene bet365 took the third-most bets in the state in the month of May, helping to drive an 18.5% year-over-year increase in statewide handle, the Michigan Gaming Control Board reported Tuesday. FanDuel and DraftKings remained the top two sportsbooks, while BetMGM dropped out of the top three for handle.
May was the first full month that bet365 was available in Michigan, following its April 17 launch. The company reported $66.8 million in handle — and a $16 million loss in adjusted gross revenue (AGR) after accounting for promotions.
In total, Michigan’s 13 online sports betting platforms took $457.6 million in bets, down just under 1% against April, but up against the $386.1 million bet in May 2025. FanDuel accounted for $131 million of handle while DraftKings took $121 million in wagers. BetMGM took $45.3 million in wagers. Though handle was up, operators reported $23.3 million in AGR, down significantly from last May’s $35.6 million.
For AGR, the top three were FanDuel at $16.8 million, DraftKings at $11.3 million, and BetMGM at $4.5 million.
Operators paid a combined $2.7 million in taxes, the highest this year. Michigan taxes operators at 8.4% of AGR.
In other states …
New Jersey: Garden State operators reported May year-over-year declines in handle and revenue, the Division of Gaming Enforcement (DGE) announced Tuesday. Operators took $912.9 million in bets, off 9.67% compared to last year, and made $82.2 million in gross gaming revenue, down 16.9% against last May. Due to an increase in the tax rate (effective July 1, 2025) from 13% to 19.75%, operators sent the state about $18 million in taxes, up about 23% from May 2025.
FanDuel and DraftKings continued to lead all operators in revenue, per the report, with FanDuel reporting $34.5 million and DraftKings reporting $21.7 million. Bet365 had the third-highest revenue at $7 million, followed by BetMGM at $6.1 million.
Pennsylvania: Sports betting operators took $595.5 million in wagers and reported $52.6 million in adjusted gross revenue, according to a Wednesday Pennsylvania Gaming Control Board (PGCB) release. FanDuel led all online operators with $199.2 million in handle and $21.7 million in taxable revenue. DraftKings was second with $188 in handle and $15 million in taxable revenue. In third place was Fanatics Sportsbook with $44.1 million in handle and $3.1 million in taxable revenue.
Handle was down year-over-year compared to $655.4 million in May 2025.
According to the PGCB, revenue was down 11.4% against May 2025, driven in large part by a 24% decrease in revenue at FanDuel against last year. DraftKings also had a decline, though much less steep — 3.8%.
Operators paid a total of $18.9 million in taxes on a 36% combined state and local rate.
