September brings new Michigan record of $102.4 million in internet gaming revenue
Friday 15 de October 2021 / 08:28
⏱ 1 min read
(Michigan).- Online gaming and sports betting operators in Michigan reported $126.1 million in revenue in September, according to numbers released Thursday by the Michigan Gaming Control Board.
That total includes a state record of $102.4 million in gross receipts tied to internet gaming. The previous record, which September’s results beat by 5.3%, was recorded in August.
September’s internet gaming record saw Michigan join New Jersey and Pennsylvania as the only three states to ever produce $100 million in monthly revenue, PlayMichigan.com, which covers the gambling industry, reported.
Internet sports betting, meanwhile, generated $23.7 million in total gross receipts for the month, a 49% increase over August. The total handle, or amount wagered, for the month was $354.3 million, up 84.2% from the previous month.
“Live dealer games have pushed online casino gaming to a new level,” Eric Ramsey, an analyst for the PlayUSA.com network, said in a statement. “The state’s industry will almost certainly reach $1 billion in revenue in its first year of existence, which is a remarkable milestone for such a young market.”
Internet gaming last month generated $92.3 million in adjusted gross receipts, which are used to calculate taxes and include deductions for the monetary value of free play incentives provided to and wagered by bettors. That's 5.4% more than August's total.
By Jordyn Grzelewski
Categoría:Casino
Tags: Sin tags
País: United States
Event
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