In August of this year, the combined online gambling and sports betting revenue for Michigan was $175.4m. (PS141.5m/EUR164.2m). This total is almost at a level monthly.
In August 2022, gross internet gaming and sport betting revenues from commercial and tribe operators will be above $154.9m. The online gambling revenues in Michigan for July of this year were also just a little below the $176.1m mark.
The gross gaming revenue from online casinos reached $152,2m in July, an increase of 16.3% over the previous year. However, this is still behind the $153.9m figure for July.
While gross receipts from sports betting fell 3.3% on an annual basis, they were still 3.1% higher than in July. Handle in August was nearly the same as it was last year at $218.5m.
Gross receipts in Michigan surpass $153m
If you look at the adjusted gross receipts which include promotional expenditure, igaming, sports betting and their combined total reached $153.1m. It was 14.6% higher than the $133.6m of August 2022, but only 1.0% below July.
The adjusted gross receipts from igaming increased by 16.8%, to $137.2m. However, the adjusted receipts for sports betting fell 1.2% to 15.9m.
Internet sports betting taxes amounted $1.1m, and $28.6m in internet gaming tax. Detroit’s commercial casinos collected an additional $7.3m, including $6.9m of igaming taxes and $368.596 in sports betting taxes.
In August, 15 operators provided online gambling. Odawa Casinos, however, removed internet sports betting from 1 August. This reduced the number of Michigan’s sports operators down to 14.
Detroit Casino revenue down by 1.1% in August
The online casino statistics will be published shortly after the data on land-based casinos.
The revenue from Detroit’s three commercial casinos fell by 1.1% on an annual basis to $104.9m. Detroit, Michigan also saw a drop month-onmonth.
The monthly revenue is lower than the $106.1m reported in August 2022. Monthly total revenue was 2.2% lower than the $107.2m in Detroit reported in July of this year.
Table games and slot machines accounted for $104.6m, an increase of 0.1% over last year. The QAGR for sports betting was $322,186 with a handle of $10.0m.
MGM is the leader of the casino market with 47%, followed by MotorCity with 30% and Hollywood Casino in Greektown at 23%.
