Gaming

Michigan iGaming, sports betting operators report $220.86M in July revenue

Friday 23 de August 2024 / 12:00

⏱ 2 min read

(Detroit).- Michigan commercial and tribal operators reported a combined $220.86 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in July. Gross receipts increased 3.2% compared to last month.

Michigan iGaming, sports betting operators report $220.86M in July revenue

Monthly Gross Receipts 
July iGaming gross receipts totaled $191.44 million and gross sports betting receipts totaled $29.42 million. In June, iGaming gross receipts were $183.2 million and gross sports betting receipts were $30.9 million.

Monthly Adjusted Gross Receipts 
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for July were $189.5 million, including $172.3 million from iGaming and $17.2 million from internet sports betting — representing an iGaming increase of 4.7% and a sports betting increase of $45.4 million when compared to last month. Compared to July 2023, iGaming AGR was up by 24.7% and sports betting was up by 5.2%.

Monthly Handle 
Total July internet sports betting handle of $250.2 million was down by 9.6% from the $276.8 million handle recorded in June 2024.

Monthly State Taxes/Payments 
The operators reported submitting $37.1 million in taxes and payments to the State of Michigan during July, of which: 

  • iGaming taxes and fees = $36.0 million
  • Internet sports betting taxes and fees = $1.1 million 

Monthly City of Detroit Taxes/Payments 
The three Detroit casinos reported paying the City of Detroit $9.11 million in wagering taxes and municipal services fees during July, of which: 

  • iGaming taxes and fees = $8.8 million
  • Internet sports betting taxes and fees = $311,475 

Monthly Tribal Operators’ Payments 
Tribal operators reported making $4.5 million in payments to governing bodies in July. 

Additional Information 
An online gaming and sports betting revenue distribution table is available on the agency’s website. 

As of July 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 12 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website

Categoría:Gaming

Tags: Sin tags

País: United States

Región: North America

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