Michigan iGaming, Sports Betting Operators Report $169.3M in June Revenue

Michigan commercial and tribal operators reported a combined $169.3 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in June. Gross receipts decreased 8.9% compared to May results.

June iGaming gross receipts totaled $151.0 million and gross sports betting receipts totaled $18.3 million. In May 2023, iGaming gross receipts were $150.6 million and gross sports betting receipts were $35.2 million.

Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for June were $146.1 million, including $136.9 million from iGaming and $9.2 million from internet sports betting — representing a 1.0% increase and 58.0% decrease, respectively, compared to May 2023. Compared to June 2022 reported revenues, iGaming AGR was up by 25.1% and sports betting was up by 83.9%.

Total internet sports betting handle at $227.9 million was down by 21.0% from the $288.3 million handle recorded in May 2023.

The operators reported submitting $28.9 million in taxes and payments to the State of Michigan during June, including:

• Internet gaming taxes and fees: $28.4 million
• Internet sports betting taxes and fees: $545,632

The three Detroit casinos reported paying the City of Detroit $7.4 million in wagering taxes and municipal services fees during June, including:

• Internet gaming taxes and fees: $7.1 million
• Internet sports betting taxes and fees: $286,569

Tribal operators reported making $3.5 million in payments to governing bodies in June.

During June, a total of 15 operators offered internet gaming and internet sports betting.