Gross internet gaming and sports betting receipts from commercial and tribal operators hit $210.4m in September. This is 19.2% higher than $176.5m in Michigan last year and also 20.0% ahead of $175.4m in August this year.
Online casino remains the primary source of igaming revenue in Michigan. Gross receipts in this segment amounted to $166.4m, up 29.3% on last year.
In contrast, sports betting gross receipts slipped 8.0% to $44.0m for the month. This is despite handle increasing by 25.6% to $457.7m.
Michigan adjusted gross gaming receipts exceed $168m in September
When accounting for promotional spending, adjusted gross receipts from igaming and sports betting combined was $168.5m. This is 17.8% more than September 2022 and 10.1% ahead of August this year.
Online casino adjusted gross receipts in Michigan in September reached $149.8m, up 29.3% year-on-year. However, adjusted gross receipts from sports betting slipped 31.1% to $18.7m.
Turning to tax payments, internet gaming tax hit $31.3m and sports betting tax $1.3m. An additional $8.0m was paid by Detroit’s three commercial casinos, including $7.5m in online gaming tax and $470,071 in sport betting tax.
A total of 15 operators offered online gambling in August. However, after Odawa Casinos withdrew internet sports betting in August, only 15 of these operators offer sports wagering.
Original article: https://igamingbusiness.com/sports-betting/michigan-online-casino-jump-offsets-sports-betting-dip-in-september/
