Michigan’s July Online Casino and Sports Betting Revenues In
Michigan’s online gambling sector has witnessed a significant surge this summer, with online casino and sports betting revenues exceeding expectations.
The combined online sports betting and casino revenue in Michigan rose by 18.8% year-on-year in July, reaching $176.1 million, according to the latest figures from the Michigan Gaming Control Board.
This growth also marked a 4% increase compared to the previous month, June 2023.
The only fall for the month was in overall sports betting handle. Michigan bettors wagered a total of $200.8 million for the month, down 11% on June. However, sportsbooks kept a much better handle compared to June. Total revenues were up 30%, despite the handle being down, at $22.5 million.
Operator-wise, BetMGM, the online arm of MGM Resorts International, dominated the online casino space with $48 million in revenues. MGM Grand Detroit is the most popular Michigan brick and mortar casino venue each month, although those stats are released separately.
Operators also paid a significant $29.8 million in taxes and arranged payments over the month.
Online Casinos Growing
Michigan online casinos have been a major contributor to this growth.
In July, online casino gaming gross receipts amounted to $153.6 million, marking a 21.3% increase over the previous year and a 1.7% rise from June 2023’s total of $151.0 million.
This growth halted a three-month decline that the state had been experiencing. The adjusted gross receipts for online casinos reached $138.2 million, reflecting an 18.0% year-on-year increase and a 1.0% rise from June.
Despite the impressive performance of casinos, sports betting in Michigan also held its ground.
Gross sports betting receipts for July stood at $22.5 million, a 4.2% year-on-year increase and a significant 23.0% rise from June’s $18.3 million.
The adjusted gross receipts for sports betting amounted to $16.4 million, showcasing a whopping 77.5% increase from the previous year and a 16.8% rise from June. This growth comes despite a decrease in the handle and spend compared to the previous month.
The most popular operator for Michigan sports bettors was FanDuel, who is partnered with MotorCity Casino. It pulled in $73.4 million in handle. It was closely followed by DraftKings and the Bay Mills Indian Community.
The least popular Michigan online sports betting provider in July was 888 Holding’s SI Sportsbook, partnered with the Hannahville Indian Community. It pulled in $360,000 in handle for the month and made just $17,417 in revenues.
Economic Impact and Contributions
The thriving online gambling sector also contributed significantly to Michigan’s state coffers for the month.
Operators reported submitting a total of $29.8 million in taxes and payments to Michigan for July. This included $28.7 million from internet gaming taxes and fees, and $1.1 million from internet sports betting taxes and fees.
Furthermore, Detroit’s three commercial casinos contributed $7.6 million in wagering taxes and municipal services fees during July.
That was split between $7.2 million from internet gaming taxes and fees, and $391,969 from internet sports betting taxes and fees.
Michigan’s tribal operators also made notable contributions, with reported payments to governing bodies amounting to $3.5 million in July.
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