Michigan Online Casinos and Sportsbooks Report Revenue of $169.3 Million for June
In June, commercial and tribal operators in Michigan reported total gross gaming and sports betting revenue of $169.3 million. In comparison to May’s figures, gross revenue dropped by 8.9%.
Gross iGaming revenue for June came to $151.0 million, while sports betting revenue came to $18.3 million. Gross sports betting revenue amounted to $35.2 million and iGaming gross revenue amounted to $150.6 million in May 2023.
Total adjusted gross revenues (AGR) from iGaming and online sportsbooks came to $146.1 million in June, comprising $136.9 million from MI online casinos and $9.2 million from online sportsbooks. These figures reflect a 1.0% increase and a 58.0% decline, respectively, from May 2023. Sports betting saw an increase of 83.9%, while the iGaming AGR increased by 25.1% when compared to reported revenues for June 2022.
The $227.9 million total handle for online sports betting was a 21.0% decrease from the $288.3 million handle seen in May 2023.
Online gaming taxes and fees totaled $28.4 million, according to the operators, who reported paying $28.9 million in taxes and payments to the State of Michigan in June. Sportsbooks reported paying $545,632 in taxes and fees to the state.
The three casinos in Detroit reported paying the City of Detroit $7.4 million in June in the form of bet taxes and fees for municipal services, which included:
- $7.1 million in taxes and fees related to online gaming;
- $286,569 in taxes and fees for online sports betting.
Tribal MI operators reported paying governing bodies $3.5 million in June.
A total of 15 companies provided online gaming and sports betting in June. The MGCB website provides information on each operator’s online gaming and sports betting revenues.