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Michigan iGaming, sports betting operators report July revenue22 August 2023(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $176.1 million total internet gaming gross receipts and gross sports betting receipts in July. Gross receipts increased 4.0% compared to June results. 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: $28.7 million - Internet sports betting taxes and fees: $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: $7.2 million - Internet sports betting taxes and fees: $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.
Michigan iGaming, sports betting operators report July revenue
is republished from Online.CasinoCity.com.
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