Michigan Starts the New Year with the Online Betting Handle Record

marina author e1636548259369
644
Michigan Starts the New Year with the Online Betting Handle Record

According to the MGCB, the online sports betting handle totaled $496.8m in January 2022.

It’s a 2.5% increase since December 2021, when the previous record was set in Michigan.

Online sports betting revenue amounted to $34.7m in January, while the adjusted gross online sports betting receipts generated $19.17m.

Online gaming revenue amounted to $121.2m, while the adjusted gross receipts for online gaming generated $109.2m.

The state of Michigan received $1.4m in sports betting taxes and $19.1m in online gaming taxes. The city of Detroit received $5.9m in taxes and fees from the three Detroit casinos — MGM Grand Detroit, Motor City, and Greektown.

The total revenue of both Michigan online gaming and online sports betting totaled $155.9m in January, which is a slight decrease of 0.4% when compared with the previous month, but a 282.1% rise year-to-year.

Most Recent News