Michigan Online Gambling Sites Win $176MFigure Is A Record For The Month |
|
Michigan commercial and tribal operators reported a combined $176.1 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in July. Gross receipts increased 4.0% compared to June results.
It was a record performance for the month. The Wolverine State launched online gambling in January 2021.
July iGaming gross receipts totaled $153.6 million, and gross sports betting receipts totaled $22.5 million. In June 2023, iGaming gross receipts were $151.0 million, and gross sports betting receipts were $18.3 million.
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for July were $154.6 million, including $138.2 million from iGaming and $16.4 million from internet sports betting — representing a 1.0% and 77.5% increase, respectively, compared to June 2023. Compared to July 2022 reported revenues, iGaming AGR was up by 18.0%, and sports betting was up by 16.8%.
Total internet sports betting handle at $200.8 million was down by 11.9% from the $227.9 million handle recorded in June 2023.
The operators reported submitting $29.8 million in taxes and payments to the State of Michigan during July, including internet gaming taxes and fees and $28.7 million and internet sports betting taxes and fees of $1.1 million
The three Detroit casinos reported paying the City of Detroit $7.6 million in wagering taxes and municipal services fees during July, including internet gaming taxes and fees of $7.2 million and internet sports betting taxes and fees of $391,969.
Tribal operators reported making $3.5 million in payments to governing bodies in July.
An online gaming and sports betting revenue distribution table is available on the agency’s website.
During July, a total of 15 operators offered internet gaming and internet sports betting. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
