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Michigan's internet gaming and sports betting on the rise

20 September 2022

(PRESS RELEASE) -- Michigan commercial and tribal operators reported combined total gross internet gaming receipts and gross internet sports betting receipts of $154.9 million during August. Receipts increased 4.5% when compared with July results of $148.2 million.

Internet gaming gross receipts for 31 August were $130.9 million, up 3.4% from July receipts of $126.6 million. Gross sports betting receipts were $24 million compared with $21.6 million in July for an 11% increase.

Combined total adjusted internet gaming gross receipts and adjusted internet gross sports betting receipts were $133.6 million, including $117.5 million from internet gaming and $16.1 million from internet sports betting. Monthly internet gaming adjusted gross receipts rose by $307,000 or a fractional 0.3%, and internet sports betting adjusted gross receipts increased by $2.1 million or 14.7% compared with July results.

Compared with August 2021, internet gaming adjusted gross receipts were up 34.2%, and internet sports betting adjusted gross receipts increased by $8.5 million or 113%.

Total internet sports betting handle at $218.8 million rose 6.2% when compared with the July handle of $206.1 million.

The operators submitted $25.3 million in taxes and payments to the state of Michigan during August including:
  • Internet gaming taxes and fees: $24.3 million
  • Internet sports betting taxes and fees: $989,621

The three Detroit casinos reported paying the City of Detroit $6.7 million in wagering taxes and municipal services fees during August including:
  • Internet gaming taxes and fees: $6.3 million
  • Internet sports betting taxes and fees: $360,923.

Tribal operators reported making $2.9 million in payments to governing bodies.

During the first eight months of 2022, aggregate internet gaming adjusted gross receipts totaled $916.4 million, and aggregate internet sports betting adjusted gross receipts were $104.2 million.

An online gaming and sports betting revenue distribution table is available on the Michigan Gaming Control Board website.

During August, 15 operators were authorized for both forms of online wagering. Details for each operator’s internet gaming and internet sports betting results are available the board’s website.

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Michigan's internet gaming and sports betting on the rise is republished from Online.CasinoCity.com.