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Michigan iGaming and sports betting figures increase in March16 April 2024(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $257.08 million total internet gaming gross receipts and gross sports betting receipts in March. Gross receipts increased 17.7% compared to February. Monthly Gross Receipts March iGaming gross receipts totaled $215.15 million, the highest to date. The previous high was $188.0 million recorded last month. Gross sports betting receipts for March totaled $41.93 million. Gross sports betting receipts for February were $30.5 million. Monthly Adjusted Gross Receipts Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for March were $221.14 million, including $194.47 million from iGaming and $26.67 million from internet sports betting — representing an iGaming increase of 14.9% and a sports betting increase of $13.8 million when compared to February 2024. Compared to March 2023 reported revenues, iGaming AGR was up by 25.8% and sports betting was down by 15.2%. Monthly Handle Total internet sports betting handle at $480.4 million was up by 19.3% from the $402.6 million handle recorded in February 2024. Monthly State Taxes/Payments The operators reported submitting $41.1 million in taxes and payments to the State of Michigan during March, of which: - iGaming taxes and fees = $39.4 million - Internet sports betting taxes and fees = $1.7 million Monthly City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $10.96 million in wagering taxes and municipal services fees during March, of which: - iGaming taxes and fees = $10.3 million - Internet sports betting taxes and fees = $663,132 Monthly Tribal Operators’ Payments Tribal operators reported making $4.7 million in payments to governing bodies in March. Additional Information An online gaming and sports betting revenue distribution table is available on the agency’s website. As of March, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 13 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.
Michigan iGaming and sports betting figures increase in March
is republished from iGamingNews.com.
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