Michigan commercial and tribal operators reported a combined $216.4 million total internet casino gaming gross receipts and gross sports betting receipts in March 2023, according to the latest report from the state’s Gaming Control Board. Gross receipts rose by a whopping 26.7% compared with February results.
March internet gaming gross receipts were a Michigan record $171.8 million, surpassing the previous total gross receipts record of $153.7 million set in January. Gross sports betting receipts totaled $44.6 million. In March 2022, internet gaming gross receipts were $131.67 million, and gross sports betting receipts were $30.48 million.
Combined total internet gaming and internet sports betting adjusted gross receipts were $186.09 million, including $154.65 million from internet casino gaming and $31.44 million from internet sports betting. Combined adjusted gross receipts for the month were 31.3% higher than the $141.73 million total adjusted gross receipts logged in February 2023.
Internet gaming-adjusted gross receipts increased 30.4% from the $118.58 million recorded in March 2022. Internet sports betting adjusted gross receipts improved 114.5% from the $14.66 million total recorded in the same period last year.
For the first quarter of 2023, internet gaming adjusted gross receipts totaled $426.3 million, and internet sports betting adjusted gross receipts were $57.7 million.
Total internet sports betting handle at $407.7 million was down 9.7% from the $451.6 million handle recorded in March 2022. However, March 2023 handle was up 18.2% from last month of $344.9 million.
Operators delivered $33.2 million in taxes and payments to the State of Michigan in March, including internet gaming taxes and payments reaching $31.3 million and internet sports betting taxes and payments accounting for $1.9 million.
The three Detroit casinos reported to the City of Detroit wagering taxes and municipal services fee payments of $9.1 million in March, including internet gaming taxes and fees of $8.2 million, plus internet sports betting taxes and fees, accounting for $865,916.
Tribal operators reported paying $3.7 million to the governing bodies in March. During the month, a total of 15 operators offered internet gaming and internet sports betting.
Original article: https://www.yogonet.com/international/news/2023/04/20/66887-michigan-online-gaming-and-sports-betting-gross-receipts-reach-2164m-in-march
