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Michigan iGaming, sports betting operators report July revenue21 August 2024(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $220.86 million total internet gaming gross receipts and gross sports betting receipts in July. Gross receipts increased 3.2% compared to last month. Monthly Gross Receipts July iGaming gross receipts totaled $191.44 million and gross sports betting receipts totaled $29.42 million. In June, iGaming gross receipts were $183.2 million and gross sports betting receipts were $30.9 million. Monthly Adjusted Gross Receipts Combined total iGaming and internet sports betting adjusted gross receipts for July were $189.5 million, including $172.3 million from iGaming and $17.2 million from internet sports betting — representing an iGaming increase of 4.7% and a sports betting increase of $45.4 million when compared to last month. Compared to July 2023, iGaming AGR was up by 24.7% and sports betting was up by 5.2%. Monthly Handle Total July internet sports betting handle of $250.2 million was down by 9.6% from the $276.8 million handle recorded in June 2024. Monthly State Taxes/Payments The operators reported submitting $37.1 million in taxes and payments to the State of Michigan during July, of which: - iGaming taxes and fees = $36.0 million - Internet sports betting taxes and fees = $1.1 million Monthly City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $9.11 million in wagering taxes and municipal services fees during July, of which: - iGaming taxes and fees = $8.8 million - Internet sports betting taxes and fees = $311,475 Monthly Tribal Operators’ Payments Tribal operators reported making $4.5 million in payments to governing bodies in July. Additional Information An online gaming and sports betting revenue distribution table is available on the agency’s website. As of July 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 12 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.
Michigan iGaming, sports betting operators report July revenue
is republished from Online.CasinoCity.com.
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