MI iGaming and Sportsbook Operators Reported Revenue of $175.4 Million for August
According to the MGCB, in August, commercial and tribal operators in MI reported total gross online gaming and sportsbook revenue of $175.4 million. In comparison to July’s figures, gross revenue dropped by 0.4%.
Gross iGaming revenue for August came to $152.2 million, while gross sportsbook revenue came to $23.2 million. Gross sportsbook revenue amounted to $22.5 million and iGaming gross revenue amounted to $153.6 million in July 2023.
With $137.2 million from MI online casino operators and $15.9 million from online sportsbooks, the combined total for iGaming and online sportsbook adjusted gross revenues (AGR) for August was $153.1 million, down 0.7% and 3.0%, respectively, from July 2023. iGaming AGR increased by 16.8% compared to reported revenues for August 2022, while sportsbooks AGR decreased by 1.3%.
$218.5 million was the total amount wagered on sports via the internet, an increase of 8.8% over the $200.8 million wagered in July 2023.
The operators reported paying the State of Michigan $29.7 million in taxes and payments in August, which included $28.6 million in online gaming taxes and fees, and taxes and fees for online sportsbooks totaling $1.1 million.
In August, the three casinos in Detroit reported paying the City of Detroit $7.3 million in gambling taxes and municipal service costs, including $6.9 million in online gaming taxes and fees, and taxes and fees on online sports betting totaling $368,596.
Tribal MI operators reported paying governing bodies $3.6 million in August.
You can find an income allocation table for online gambling and sportsbooks on the agency’s website.