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Michigan releases December 2023 sports betting figures18 January 2024(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $242.5 million total internet gaming gross receipts and gross sports betting receipts in December. Gross receipts increased 15.9% compared to November. Monthly Gross Receipts December iGaming gross receipts totaled $181.4 million, the highest to date. The previous high was $175.3 million recorded in November 2023. Gross sports betting receipts for December totaled $61.1 million, also the highest to date. The previous high was $54.1 million achieved in November 2021. Last month, iGaming gross receipts were $175.3 million and gross sports betting receipts were $33.9 million. Monthly Adjusted Gross Receipts Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for December were $198.4 million, including $163.3 million from iGaming and $35.1 million from internet sports betting — representing an iGaming increase of 3.5% and a $34.9 million increase for sports betting when compared to November 2023. Compared to December 2022 reported revenues, iGaming AGR was up by 18.8% and sports betting was up by 14.3%. Monthly Handle Total internet sports betting handle at $583.0 million was up by 2.5% from the $568.8 million handle recorded in November 2023. This is the highest internet sports betting handle to date. Monthly State Taxes/Payments The operators reported submitting $36.7 million in taxes and payments to the State of Michigan during December, of which: - iGaming taxes and fees = $34.1 million - Internet sports betting taxes and fees = $2.6 million Monthly City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $9.4 million in wagering taxes and municipal services fees during December, of which: - iGaming taxes and fees = $8.4 million - Internet sports betting taxes and fees = $1.0 million Monthly Tribal Operators’ Payments Tribal operators reported making $4.3 million in payments to governing bodies in December. Annual Gross Receipts In 2023, Michigan commercial and tribal operators reported a combined $2.3 billion total iGaming gross receipts and gross sports betting receipts — $1.9 billion from iGaming and $420.4 million from internet sports betting — an 18.3% increase over 2022. Annual Adjusted Gross Receipts In 2023, Michigan commercial and tribal operators reported a combined $1.956 billion total iGaming adjusted gross receipts and adjusted gross sports betting receipts — $1.733 billion from iGaming and $223.451 million from internet sports betting — an 18.8% increase over 2022. Annual Handle Total handle for 2023 was $4.6 billion. Annual State Taxes/Payments The operators paid $369.8 million in taxes and payments to the State of Michigan in 2023, of which: - iGaming taxes and fees = $354.0 million - Internet sports betting taxes and fees = $15.8 million Annual City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $95.8 million in wagering taxes and municipal services fees in 2023, of which: - iGaming taxes and fees = $89.4 million - Internet sports betting taxes and fees = $6.4 million Annual Tribal Operators’ Payments Tribal operators reported making $43.1 million in payments to governing bodies in 2023. An online gaming and sports betting revenue distribution table is available on the agency’s website. As of December, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 14 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.
Michigan releases December 2023 sports betting figures
is republished from Online.CasinoCity.com.
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