[NEWS RELEASE] Michigan iGaming, sports betting operators report $234.8M in April revenue

Michigan Gaming Control Board sent this bulletin at 05/21/2024 11:12 AM EDT

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Michigan Gaming Control Board

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

Michigan iGaming, sports betting operators report $234.8M in April revenue

DETROIT, May 21, 2024 — Michigan commercial and tribal operators reported a combined $234.8 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in April. Gross receipts decreased 8.7% compared to last month.

Monthly Gross Receipts
April iGaming gross receipts totaled $192.9 million and gross sports betting receipts totaled $41.9 million. In March, gross sports betting receipts were $215.15 million and gross sports betting receipts were $41.93 million.

Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for April were $201.93 million, including $174.16 million from iGaming and $27.77 million from internet sports betting — representing an iGaming decrease of 10.4% and a sports betting increase of 4.1% when compared to last month. Compared to a year ago, in April 2023, iGaming AGR was up by 21.4% and sports betting was up by 13.3%.

Monthly Handle
Total April internet sports betting handle at $399.1 million was down by 16.9% from the $480.4 million handle recorded in March 2024.

Monthly State Taxes/Payments
The operators reported submitting $37.6 million in taxes and payments to the State of Michigan during April, of which:

  • iGaming taxes and fees = $35.8 million
  • Internet sports betting taxes and fees = $1.8 million

Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $9.82 million in wagering taxes and municipal services fees during April, of which:

  • iGaming taxes and fees = $9.1 million
  • Internet sports betting taxes and fees = $724,986

Monthly Tribal Operators’ Payments
Tribal operators reported making $4.3 million in payments to governing bodies in April.

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

As of April 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 13 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.