The handle total was a 2.5% improvement on the previous record set in December 2021.
Online sports betting revenue for the month came to $34.7m. Adjusted gross sports betting receipts, which account for deductions for the monetary value of free play incentives, totaled $19.17 million for internet sports betting.
Operators also paid $1.4m in sports betting taxes during the month.
Online gaming revenue came to $121.2m in January. Adjusted gross receipts for online gaming were $109.2m. Internet gaming taxes and fees totaled $19.1m.
Combined, operators paid tax fees of $20.5m to the state during the month while combined revenue for online sports betting and igaming was $155.9m. This was a 0.4% decrease on December 2021, and a 282.1% increase from January 2021, the first month of activity for online operators in Michigan.
Combined adjusted gross receipts for both markets came to $128.4 million for the month.
Detroit’s three casinos – MGM Grand Detroit, MotorCity Casino and Penn National’s Greektown Casino Hotel – paid $5.9m in taxes to the city during January.
Michigan recently reported revenue figures of $1.40bn for the entirety of 2021.
Original article: https://igamingbusiness.com/michigan-becomes-latest-state-to-set-online-betting-handle-record-in-january/
