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Michigan reports February 2023 internet gaming and sports betting figures20 March 2023(PRESS RELEASE) -- Michigan commercial and tribal operators reported combined total internet gaming gross receipts and internet sports betting gross receipts of $170.83 million during February. Receipts fell 8.8% compared with January results of $187.33 million. Internet gaming gross receipts for February were $148.17 million. Internet gaming declined 3.6% compared with the Michigan record gross receipts of $153.69 million reported in January. Gross sports betting receipts were $22.66 million compared with $33.64 million reported in January for a 32.6% decrease. Combined total adjusted internet gaming gross receipts and adjusted internet sports betting gross receipts were $141.73 million, falling 9.2% from January receipts of $156.17 million. Internet gaming adjusted gross receipts were $133.28 million, falling 3.7% from January’s $138.32 million in receipts. Monthly internet gaming adjusted gross receipts were 20.6% higher than February 2022’s adjusted gross receipts of $110.56 million. Commercial and tribal operators reported a combined total of $8.45 million in internet sports betting adjusted gross receipts. This was a 52.6% decline from January’s total of $17.85 million. Internet sports betting adjusted gross receipts increased by $12.4 million compared with the $3.95 million loss recorded in February 2022. For the first two months of 2023, internet gaming adjusted gross receipts totaled $271.6 million, and internet sports betting adjusted gross receipts were $26.3 million. Michigan operators reported $219.7 million in internet gaming adjusted gross receipts and $15.2 million in internet sports betting adjusted gross receipts in the first two months of 2022. Total handle of $344.9 million declined 27.5% from January 2023’s total handle of $475.6 million. Total handle was down 13.4% from the $398.4 million handle reported in February 2022. February taxes and payments The operators submitted $26.9 million in taxes and payments to the State of Michigan during February including: - Internet gaming taxes and fees: $26.3 million - Internet sports betting taxes and fees: $583,263 The three Detroit casinos reported paying the City of Detroit $7.3 million in wagering taxes and municipal services fees during February including: - Internet gaming taxes and fees: $7 million - Internet sports betting taxes and fees: $337,534 Tribal operators reported making $3 million in payments to governing bodies in February. An online gaming and sports betting revenue distribution table is available on the agency’s website. During February, a total of 15 operators offered internet gaming and internet sports betting. |