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Michigan completes record month for internet gaming18 April 2023(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $216.4 million total internet casino gaming gross receipts and gross sports betting receipts in March. Gross receipts increased 26.7% compared with February results. March internet gaming gross receipts were a Michigan record $171.8 million, surpassing the previous total gross receipts record of $153.7 million set in January. Gross sports betting receipts totaled $44.6 million. In March 2022, internet gaming gross receipts were $131.67 million, and gross sports betting receipts were $30.48 million. Combined total internet gaming and internet sports betting adjusted gross receipts were $186.09 million, including $154.65 million from internet casino gaming and $31.44 million from internet sports betting. Internet gaming adjusted gross receipts increased 30.4% from the $118.58 million recorded in March 2022, and internet sports betting adjusted gross receipts improved 114.5% from the $14.66 million total recorded in March a year ago. March 2023 combined adjusted gross receipts were 31.3% higher than the $141.73 million in total adjusted gross receipts logged in February 2023. For the first quarter of 2023, internet gaming adjusted gross receipts totaled $426.3 million, and internet sports betting adjusted gross receipts were $57.7 million. Michigan operators reported $338.3 million in internet gaming adjusted gross receipts and $29.9 million in internet sports betting adjusted gross receipts during the first quarter of 2022. Total internet sports betting handle at $407.7 million was down 9.7% from the $451.6 million handle recorded in March 2022. March 2023 handle was up 18.2% from the February 2023 handle of $344.9 million. The operators reported submitting $33.2 million in taxes and payments to the State of Michigan during March including:
An online gaming and sports betting revenue distribution table is available on the agency’s website. During March, 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 at https://www.michigan.gov/mgcb/detroit-casinos/resources/revenues-and-wagering-tax-information.
Michigan completes record month for internet gaming
is republished from iGamingNews.com.
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