Michigan igaming and sports betting revenue reaches $210.4m in September
Revenue increased by 20 per cent compared to August.
US.- Michigan’s commercial and tribal operators reported a combined $210.4m in Internet gaming receipts and sports betting gross receipts in September. That’s a rise of 20 per cent compared to August’s $175.4m. Igaming gross receipts were $166.4m and gross sports betting receipts $44m.
Combined total igaming and Internet sports betting adjusted gross receipts (AGR) were $168.5m: $149.8m from igaming and $18.7m from sports betting. The figures represented 9.2 per cent and 17.8 per cent increases compared to August 2023. Compared to September 2022 igaming AGR was up by 29.3 per cent and sports betting was down by 31.1 per cent.
The Internet sports betting handle was $457.7m, up by $239.2m from the $218.5m handle recorded in August 2023. Operators reported submitting $32.6m in taxes and payments to the State of Michigan: $31.3m in Internet gaming taxes and fees and $1.3m in Internet sports betting taxes and fees.
The three Detroit casinos reported paying the City of Detroit $7.97m in wagering taxes and municipal services fees: $7.5 m in Internet gaming taxes and fees and $470,071 in Internet sports betting taxes and fees. Tribal operators reported making $4m in payments to governing bodies.
Michigan Gaming Control Board announces destruction of illegal gaming machines
Michigan Gaming Control Board (MGCB) executive director Henry Williams has announced that unlicenced illegal gaming machines were destroyed at the City Recycling junkyard in Detroit. The machines had been seized by the attorney general during MGCB investigations into illegal gambling activity.
Williams said: “Illegal gaming continues to pose a threat to Michigan citizens and their communities, as it often leads to an increase in organized criminal activity, financial exploitation, and other related social issues.
