International edition
July 24, 2021

Online gaming and sportsbook operators reported $114.2M in revenues, nearly matching May

Michigan’s online sports betting handle tops $235M in June

Michigan’s online sports betting handle tops $235M in June
FanDuel and its partner casino, MotorCity, was the online sports betting market leader with a total handle of nearly $77.3 million in June.
United States | 07/21/2021

FanDuel and partner casino MotorCity was the market leader in online sports betting with a total handle of $77.3 M. BetMGM was the igaming platform leader with gross gaming revenue of over $33.7 million.

A

ccording to figures released by the Michigan Gaming Control Board on Monday, online gaming and sports betting operators in Michigan reported a total of $114.2 million in revenues for June.

Of that total, operators reported $89.2 million in gross receipts tied to internet gaming. Online sports betting operators reported a total handle of $235.1 million last month. June receipts tied to the two forms of online gambling roughly matched May.

"Summer is here, and Michigan is reopening after the pandemic restrictions so there are many entertainment opportunities," Henry Williams, the board's executive director, said in a statement. "The slight tenth of a percent decline from May to June shows internet gaming and online sports betting continues to draw Michigan residents' and visitors' interest."

Operators in Michigan paid approximately $14.6 million in taxes and payments to the state last month, $13.7 million from internet gaming, and $927,575 from internet sports betting, while operators of Michigan's tribal casinos reported $1.9 million in wagering payments to the tribes' governing bodies.

Detroit's three casinos, MGM Grand Detroit, Greektown Casino, and MotorCity Casino Hotel, reported city wagering taxes and municipal services fees of $3.6 million from online gambling revenues, and collectively generated $108.1 million in aggregate revenue.

During the month of June, 13 operators were authorized for one or both forms of online gambling while FireKeepers Casino, the 14th operator, was approved for full launch on July 12.

The state saw an increase in tax revenue tied to online sports betting but revenue from online gaming fell to its lowest level since February, reports The Detroit News.

With regards to online sports betting, operator FanDuel and its partner casino, MotorCity, was the market leader with a total handle of nearly $77.3 million in June, while on the internet gaming, MGM's BetMGM platform was the leader, with gross gaming revenue of more than $33.7 million for the month.

Michigan regulators last week reported that the three Detroit casinos collectively generated $108.1 million in aggregate revenue from table games, slots and retail sports sport betting for June.

Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.