The combined $218.5m in icasino gross receipts and sports betting handle was down 4.8% compared to January. The $188m taken in by online casino was the highest in state history. This broke the January record of $181.9m in gross receipts.
Combined adjusted gross revenue (AGR) for February was $182.1m. Online casino operators took in $169.2m in AGR, a 3.1% increase compared to January, and digital sports betting had AGR of $12.9m, a 31.3% decline compared to January.
A total of 15 operators were live for online casino in February, along with 13 sports betting platforms.
Tribal operators made $3.9m in payments to governing bodies for February.
Sports betting handle was $402.6m, compared to $577.4m in January. The swoon is not unusual, as February may feature the Super Bowl, but it does not have a full slate of NFL games every weekend. Additionally, NCAA college basketball is reaching the end of its season, but conference championships and the tournament have not yet started.
Handle was up 52.7% compared to February 2023, when Michigan sportsbooks took $357.2m in wagers.
MGM Grand the leader in online casino
Online sports betting operators paid the state $922,324 in taxes and paid the city of Detroit $356,663 in taxes and fees. There are three brick-and-mortar casinos in Detroit, each with a tethered digital gaming platform. The city charges an additional tax above what the state charges.
Bettors wagered a total of $13.2m in person in Detroit in February, and the retail sportsbooks paid the state $5,591 in taxes.
On the online casino side, operators paid the state $33.7m in taxes, and paid the city of Detroit $8.9m. MGM Grand continued to lead the three Detroit casinos, with $49.3m in adjusted revenue. Motor City Casino was second with $31.6m, and Greektown Casino was third at $23.8m.
Original article: https://igamingbusiness.com/casino/michighan-online-gaming-feburary-2024/
