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Michigan operators report $169.3 million in June revenue7 July 2023(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $169.3 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in June. Gross receipts decreased 8.9% compared to May results. June iGaming gross receipts totaled $151.0 million and gross sports betting receipts totaled $18.3 million. In May 2023, iGaming gross receipts were $150.6 million and gross sports betting receipts were $35.2 million. Combined total iGaming and internet sports betting Adjusted Gross Receipts (AGR) for June were $146.1 million, including $136.9 million from iGaming and $9.2 million from internet sports betting — representing a 1.0% increase and 58.0% decrease, respectively, compared to May 2023. Compared to June 2022 reported revenues, iGaming AGR was up by 25.1% and sports betting was up by 83.9%. Total internet sports betting handle at $227.9 million was down by 21.0% from the $288.3 million handle recorded in May 2023. The operators reported submitting $28.9 million in taxes and payments to the State of Michigan during June, including:
An online gaming and sports betting revenue distribution table is available on the agency’s website. During June, 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 operators report $169.3 million in June revenue
is republished from iGamingNews.com.
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