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Sports betting, iGaming bring in over $224M in revenue in August

Gross receipts saw an increase of nearly 1.5%
20230302fordfield
File photo. Fans pack Ford Field for a 2022 NFL regular season game between the Detroit Lions and Miami Dolphins.

NEWS RELEASE
MICHIGAN GAMING CONTROL BOARD
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Michigan commercial and tribal operators reported a combined $224.02 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in August. Gross receipts increased 1.4 per cent compared to last month.

Monthly Gross Receipts
August iGaming gross receipts totaled $196.66 million and gross sports betting receipts totaled $27.36 million. In July, iGaming gross receipts were $191.44 million and gross sports betting receipts were $29.42 million.

Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for August were $193.2 million, including $176.9 million from iGaming and $16.3 million from internet sports betting — representing an iGaming increase of 2.7 per cent and a sports betting decrease of 5.2 per cent when compared to last month. Compared to August 2023, iGaming AGR was up by 28.9 per cent and sports betting was up by 2.8 per cent.

Monthly Handle
Total August internet sports betting handle of $280.1 million was up by 11.9 per cent from the $250.2 million handle recorded in July 2024.

Monthly State Taxes/Payments
The operators reported submitting $37.77 million in taxes and payments to the State of Michigan during August, of which:

  • iGaming taxes and fees = $36.9 million
  • Internet sports betting taxes and fees = $874,501

Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $9.39 million in wagering taxes and municipal services fees during August, of which:

  • iGaming taxes and fees = $9.1 million
  • Internet sports betting taxes and fees = $287,107

Monthly Tribal Operators’ Payments
Tribal operators reported making $4.6 million in payments to governing bodies in August.

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

As of August 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 12 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.

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