Michigan’s commercial and tribal operators reported a total of $253.7 million in combined iGaming and sports betting gross receipts for October, marking a 2.8% decrease compared to last month.
This figure includes $220.7 million from iGaming, the highest to date, and $33 million from sports betting. In September, gross receipts stood at $202.6 million for iGaming and $58.4 million for sports betting.
As for adjusted gross receipts (AGR), October’s combined total for iGaming and sports betting was $208.5 million. This total includes $198.6 million from iGaming and $9.9 million from sports betting.
The adjusted gross receipts for iGaming saw an 8.9% increase compared to August, while sports betting experienced a 64.3% decrease. Compared to October 2023, iGaming AGR was up by 37.7% and sports betting was down by 58.0%.
The total handle for internet sports betting in October reached $560.4 million, an 11.7% rise from the $501.8 million handle reported in September.
Operators reported contributing $42.1 million in taxes and payments to the State of Michigan in October. Of this, $41.5 million was attributed to iGaming taxes and fees, while $569,374 was from internet sports betting taxes and fees.
In the City of Detroit, the three casinos paid $10.5 million in wagering taxes and municipal services fees, with $10.2 million from iGaming and $323,517 from sports betting. Tribal operators contributed $5.2 million to governing bodies.
A detailed revenue distribution table for online gaming and sports betting is available on the Michigan Gaming Control Board (MGCB) website. As of October 2024, there are 15 authorized commercial and tribal operators for iGaming and/or internet sports betting, with 12 offering sports betting and 15 providing iGaming services. More detailed results for each operator are also accessible on the MGCB website.
Original article: https://www.yogonet.com/international/noticias/2024/11/21/86071-michigan-igaming-and-sports-betting-revenue-rises-to-2537-million-in-october
