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Michigan internet casino gaming and sports betting operators hit $1.4 billion in 2021

18 January 2022

(PRESS RELEASE) -- Michigan commercial and tribal internet casino gaming and online sports betting operators reported a combined $1.4 billion total gross receipts and gross sports betting receipts in 2021. Internet casino gaming generated $1.1 billion in gross receipts, and internet sports betting produced $292.2 million in gross sports betting receipts.

Combined 2021 adjusted internet gaming and online sports betting adjusted gross receipts were $1.1 billion, including $1 billion from internet casino gaming and $110.6 million from online sports betting. Adjusted gross receipts include deductions for the monetary value of free play incentives provided to and wagered by bettors.

Total handle for the year was $3.7 billion.

The operators made $208.94 million in taxes and payments to the state of Michigan during 2021 including:

- Internet gaming taxes and fees: $201.67 million
- Online sports betting taxes and fees: $7.27 million

The three Detroit casinos reported paying the City of Detroit $59.35 million in wagering taxes and municipal services fees during the year including:

- Internet gaming taxes and fees: $55.28 million
- Internet sports betting taxes and fees, $4.07 million

Tribal operators reported making $22.39 million in payments to governing bodies.

December Results

During December, commercial and tribal operators reported $156.52 million in combined total gross receipts and gross sports betting receipts, which was a 3.2% decrease compared with November results.

Commercial and tribal operators reported a combined total $120.6 million in adjusted gross receipts and adjusted gross sports betting receipts during December.

Michigan commercial and tribal operators saw a Michigan monthly record $121.76 million in internet gaming gross receipts during December. The previous Michigan monthly internet gaming gross receipts record was $109.7 million set in October.

Internet gaming adjusted gross receipts were $109.7 million for December, up 13.9% from November results.

Commercial and tribal operators reported $34.76 million in gross sports betting receipts during December, and adjusted gross sports betting receipts were $10.9 million.

Total handle at $484.6 million set a Michigan monthly record and was 2.3% higher than the previous record of $473.8 million set in November.

December Taxes and Payments

The operators delivered $23.3 million in taxes and payments to the State of Michigan in December including:

- Internet gaming state taxes and payments: $22.6 million
- Internet sports betting state taxes and payments: $738,067

For internet sports betting, commercial operators pay 70% of the 8.4% tax to the state and 30% to the city of Detroit. Tribal operators make an 8.4% payment to the state on adjusted gross sports betting receipts.

The three Detroit casinos reported City of Detroit wagering taxes and municipal services fee payments of $6.26 million in December including:

- Internet gaming taxes and fees: $5.9 million
- Internet sports betting taxes and fees: $364,448

Tribal operators reported paying $2.6 million to governing bodies in December.

An online gaming and sports betting revenue distribution table is available on the agency's website.

During December, 14 operators were authorized for both forms of online wagering. Details for each operator's internet gaming and internet sports betting results are available in tables published on the MGCB website.

< Gaming News

Michigan internet casino gaming and sports betting operators hit $1.4 billion in 2021 is republished from Online.CasinoCity.com.