iGaming and Sports Betting Operators in Michigan Reported June’s Total Gross Receipts of $136.9 Million
In June, commercial and tribal operators in Michigan reported total gross internet and gross sports betting receipts of $136.9 million. In comparison to May’s results of $160.9 million, receipts decreased by 14.9%.
Gross gaming revenue via the internet gambling MI decreased by 4.6% to $121.5 million in June from $127.4 million in May. Gross sports betting revenues decreased by 54.2% to $15.4 million from $33.5 million in May.
There were $114.4 million in total adjusted gross receipts and adjusted gross sports betting receipts, of which $109.4 million came from online gaming and $5 million from online sports betting. Online sports betting adjusted gross receipts fell by 76.6%, while monthly internet gaming adjusted gross receipts fell by 4.6% from May.
When compared to May’s handle of $333.4 million, the total online sports betting handle stood at $270 million, a decrease of 19%.
In June, the operators paid $22.8 million in taxes and other obligations to the State of Michigan, which included:
- Taxes and fees related to online gaming: $22.5 million;
- Taxes and expenses on online sports wagering: $328,954.
The three casinos in Detroit reported paying the City of Detroit $6.3 million in June in the form of gambling taxes and fees for municipal services, including:
- Taxes and fees related to online gaming: $6.1 million;
- Taxes and expenses on online sports betting: $201,320.
Tribal operators reported paying governing bodies $2.5 million.
Internet gambling and sports betting combined for aggregate adjusted gross revenues of $681.7 million and $74.1 million, respectively, in the first half of 2022.