Michigan iGaming and sports betting revenue rises to $224 million in August

Michigan's commercial and tribal operators reported a total of $224.02 million in combined internet gaming (iGaming) and sports betting gross receipts for August, marking a 1.4% increase from the previous month.

This figure includes $196.66 million from iGaming and $27.36 million from sports betting. In July, the gross receipts stood at $191.44 million for iGaming and $29.42 million for sports betting.

When adjusted for gross receipts, August's combined total for iGaming and sports betting was $193.2 million. This total includes $176.9 million from iGaming and $16.3 million from sports betting.

The adjusted gross receipts for iGaming saw a 2.7% increase compared to July, while sports betting experienced a 5.2% decrease. Compared to August 2023, iGaming adjusted gross receipts were up by 28.9%, and sports betting adjusted gross receipts increased by 2.8%.

The total handle for internet sports betting in August reached $280.1 million, an 11.9% rise from the $250.2 million handle reported in July.

Operators reported contributing $37.77 million in taxes and payments to the State of Michigan in August. Of this, $36.9 million was attributed to iGaming taxes and fees, while $874,501 was from internet sports betting taxes and fees.

In the City of Detroit, the three casinos paid $9.39 million in wagering taxes and municipal services fees, with $9.1 million from iGaming and $287,107 from sports betting. Tribal operators contributed $4.6 million to governing bodies.

A detailed revenue distribution table for online gaming and sports betting is available on the Michigan Gaming Control Board (MGCB) website. As of August 2024, there are 15 authorized commercial and tribal operators for iGaming and/or internet sports betting, with 12 offering sports betting and 15 providing iGaming services. More detailed results for each operator are also accessible on the MGCB website.