MI iGaming and Sports Betting Operators Announce Revenue of $210.4 Million for September

Arsenii Anderson
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mi igaming and sports betting operators announce revenue of 210 4m for september

According to the MGCB’s recent report, in September, Michigan’s commercial and tribal operators reported gross earnings from sports betting and online gambling (iGaming) totaling $210.4 million. Gross revenues saw a 20% increase over August’s figures.

Sports betting gross revenues reached $44.0 million in September while MI legal casinos online gross receipts reached $166.4 million. Sports betting generated $23.2 million in gross revenue in August 2023, while iGaming brought in $152.2 million.

Including $149.8 million from iGaming and $18.7 million from online sports betting, the combined total adjusted gross receipts (AGR) for iGaming and online sports betting in September amounted to $168.5 million. This is a 9.2% and 17.8% increase, respectively, from August 2023. Sports betting had a decline of 31.1% while iGaming saw an increase of 29.3% in income from September 2022’s reported figures.

With a total handle of $457.7 million, online sports betting has seen a $239.2 million increase from the $218.5 million handle in August 2023.

The operators reported paying the State of Michigan $32.6 million in taxes and payments in September, which included:

  • $31.3 million in fees and taxes from online gambling;
  • $1.3 million in fees and taxes from online sports betting.

The three Detroit casinos have disclosed that they have paid the City of Detroit $7.97 million in wagering taxes and municipal services fees in August. This figure includes:

  • $7.5 million in fees and taxes for online gaming;
  • $470,071 in fees and taxes for online sports betting.

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