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Michigan releases August 2024 iGaming revenue figures18 September 2024(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $224.02 million total internet gaming gross receipts and gross sports betting receipts in August. Gross receipts increased 1.4% compared to last month. Monthly Gross Receipts August iGaming gross receipts totaled $196.66 million and gross sports betting receipts totaled $27.36 million. In July, iGaming gross receipts were $191.44 million and gross sports betting receipts were $29.42 million. Monthly Adjusted Gross Receipts Combined total iGaming and internet sports betting adjusted gross receipts for August were $193.2 million, including $176.9 million from iGaming and $16.3 million from internet sports betting — representing an iGaming increase of 2.7% and a sports betting decrease of 5.2% when compared to last month. Compared to August 2023, iGaming AGR was up by 28.9% and sports betting was up by 2.8%. Monthly Handle Total August internet sports betting handle of $280.1 million was up by 11.9% from the $250.2 million handle recorded in July 2024. Monthly State Taxes/Payments The operators reported submitting $37.77 million in taxes and payments to the State of Michigan during August, of which: - iGaming taxes and fees = $36.9 million - Internet sports betting taxes and fees = $874,501 Monthly City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $9.39 million in wagering taxes and municipal services fees during August, of which: - iGaming taxes and fees = $9.1 million - Internet sports betting taxes and fees = $287,107 Monthly Tribal Operators’ Payments Tribal operators reported making $4.6 million in payments to governing bodies in August. Additional Information An online gaming and sports betting revenue distribution table is available on the agency’s website. As of August 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 releases August 2024 iGaming revenue figures
is republished from Online.CasinoCity.com.
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