Michigan commercial and tribal operators saw igaming and sports betting revenue dip slightly in August in comparison to the previous month, but it was significantly higher on a year-over-year basis.
According to data from the Michigan Gaming Control Board, the 15 online casino and sports betting operators in the Wolverine State earned a combined gross receipts of $175.4m in August, down 0.4 per cent when compared to July’s $176.1m.
However, this figure was up by 13.2 per cent YoY in comparison to August 2022’s figure of just $154.9m.
During the month, Odawa Casinos stopped offering online sports wagering, reducing the number of internet sports betting operators in the state to 14.
Total sports wagering handle in August was $218.5m, an 8.8 per cent increase over the $200.8m reported the previous month, but slightly lower than the $218.8m recorded during the same month in 2022.
Per vertical, Michigan’s igaming operations in August earned $152.2m in gross receipts (July: $153.6m, 2022: $130.9m), while online sports betting came in at $23.2m (July: $22.5m, 2022: $24m).
In terms of adjusted gross receipts, combined igaming and online sports betting AGR came in at $153.1m – $137.2m from igaming and $15.9m from online sports betting.
Igaming’s AGR was a 0.7 per cent decrease on July’s figures ($138.2m) and a 16.8 per cent increase YoY ($117.5m). Sports betting’s AGR was a 3 per cent drop on the previous month ($16.4m) and a 1.3 per cent decline YoY ($16.1m).
Michigan operators reported submitting $29.7m in taxes and payments to the state during August – online casino: $28.6m, online sports betting: $1.1m.
Detroit’s three casinos paid the City of Detroit $7.3m in wagering taxes and municipal services fees – online casino: $6.9m, online sports betting: $368,596. Tribal operators paid $3.6m to governing bodies.