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.