Play'n GO leadership team and sustainable business development goals for the iGaming industry.

Popular Now

ProphetX Expands Senior Leadership Team to Drive Growth

Gaming Corps Secures Alberta iGaming Licence Ahead of Market Launch

Behind the Game What Makes Products Convert


Michigan iGaming, Sports Betting Operators Report $169.3M in June Revenue

 

Michigan commercial and tribal operators reported a combined $169.3 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in June. Gross receipts decreased 8.9% compared to May results.

June iGaming gross receipts totaled $151.0 million and gross sports betting receipts totaled $18.3 million. In May 2023, iGaming gross receipts were $150.6 million and gross sports betting receipts were $35.2 million.

Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for June were $146.1 million, including $136.9 million from iGaming and $9.2 million from internet sports betting — representing a 1.0% increase and 58.0% decrease, respectively, compared to May 2023. Compared to June 2022 reported revenues, iGaming AGR was up by 25.1% and sports betting was up by 83.9%.

Total internet sports betting handle at $227.9 million was down by 21.0% from the $288.3 million handle recorded in May 2023.

The operators reported submitting $28.9 million in taxes and payments to the State of Michigan during June, including:

  • Internet gaming taxes and fees: $28.4 million
  • Internet sports betting taxes and fees: $545,632

The three Detroit casinos reported paying the City of Detroit $7.4 million in wagering taxes and municipal services fees during June, including:

  • Internet gaming taxes and fees: $7.1 million
  • Internet sports betting taxes and fees: $286,569

Tribal operators reported making $3.5 million in payments to governing bodies in June.

During June, a total of 15 operators offered internet gaming and internet sports betting.

Previous Post
Next Post