[NEWS RELEASE] Michigan iGaming, sports betting operators report $229.6M in January revenue

Michigan Gaming Control Board sent this bulletin at 02/20/2024 11:36 AM EST

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Michigan Gaming Control Board

FOR IMMEDIATE RELEASE
Contact: MGCB-Media@michigan.gov

Michigan iGaming, sports betting operators report $229.6M in January revenue

DETROIT, Feb. 20, 2024 — Michigan commercial and tribal operators reported a combined $229.6 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in January. Gross receipts decreased 5.4% compared to December.

Monthly Gross Receipts
January iGaming gross receipts totaled $181.9 million, the highest to date. The previous high was $181.4 million recorded in December 2023. Gross sports betting receipts for January totaled $47.7 million. Last month, gross sports betting receipts were $61.1 million.

Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for January were $183.0 million, including $164.2 million from iGaming and $18.8 million from internet sports betting — representing an iGaming increase of 0.5% and a sports betting decrease of 46.5% when compared to December 2023. Compared to January 2023 reported revenues, iGaming AGR was up by 18.7% and sports betting was up by 5.4%.

Monthly Handle
Total internet sports betting handle at $577.4 million was down by 1.0% from the $583.0 million handle recorded in December 2023.

Monthly State Taxes/Payments
The operators reported submitting $31.3 million in taxes and payments to the State of Michigan during January, of which:

  • iGaming taxes and fees = $30.0 million
  • Internet sports betting taxes and fees = $1.3 million

Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $8.5 million in wagering taxes and municipal services fees during January, of which:

  • iGaming taxes and fees = $7.9 million
  • Internet sports betting taxes and fees = $614,400

Monthly Tribal Operators’ Payments
Tribal operators reported making $3.6 million in payments to governing bodies in January.

Additional Information
An online gaming and sports betting revenue distribution table is available on the agency’s website.

As of January, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 14 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website.

Gambling in any form is for entertainment purposes only. If you or someone you know may have a gambling problem, contact the National Problem Gambling Helpline, which offers hope and help without stigma or shame. Call 1-800-GAMBLER, text 800GAM, or visit www.1800gamblerchat.org. Help is available 24/7 and is free and confidential. Michigan citizens can also visit the Responsible Gaming page of the MGCB website for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database, and DontRegretTheBet.org for additional tools to game responsibly.

The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the state of Michigan. Learn more at Michigan.gov/MGCB.

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