MI iGaming and Sports Betting Operators Announce Revenue of $209.2 Million for November
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In November, Michigan’s commercial and tribal operators reported gross earnings from sports betting and online gambling (including casino websites in MI) totaling $209.2 million. Gross revenues rose 1.9% above October’s figures.
The highest-ever gross revenues for iGaming were $175.3 million in November. The previous peak, which was reached in March 2023, was $171.8 million. November’s gross earnings from sports betting came to $33.9 million. Sports betting brought in $45 million and iGaming brought in $160.3 million in revenue last month.
When compared to October 2023, the combined adjusted gross receipts (AGR) for online sports betting and iGaming for November were $158.1 million, or $157.8 million for iGaming and $294,810 for online sports betting. This represents a 9.4% increase in iGaming and a 98.7% decrease in sports betting. Sports betting had a 98.9% decline in income, while iGaming saw a 20.5% increase in revenue from November 2022’s reported figures.
With a total handle of $568.8 million, online sports betting has seen a 6.7% increase over the $533 million handled in October 2023. This is now the highest handle for online sports betting in MI.
The operators said that in November, they paid the State of Michigan $33.6 million in taxes and other fees, which included:
- Taxes and fees related to online gaming: $32.9 million;
- Taxes and expenses for online sports betting: $740,056.
In November, the three casinos in Detroit said that they had paid the City of Detroit $8.4 million in municipal services fees and wagering taxes. This amount included:
- Taxes and fees related to online gambling: $8.2 million;
- Taxes and expenses for online sports betting: $180,872.
In November, tribal operators submitted reports to regulatory authorities showing payments of $4.1 million.
