Commercial and tribal gaming operators in Michigan posted a total of $176.1 million in combined gross receipts from online casino and sports betting in July. The gaming revenue jumped 4% from June’s $169.3 million, with a year-on-year increase of 18.8% from $148.2 million reported in the same month last year.
In July, Michigan’s online casino operators generated a combined $153.6 million in gross gaming receipts, outperforming June’s $151 million total by 1.7% and 21.3% up on last year.
At the same time, the gross receipts from online sports betting experienced a substantial year-on-year surge of 4.2% to reach $22.5 million, despite a 10.8% decline in handle to $200.8 million.
The uptick in both online sports betting and casino gaming gross receipts comes after Michigan operators saw a dip in revenue for three months in a row, with the highest monthly drop of 9.5% recorded in April.
Licensed online sportsbook operators remitted $989,621 in fees and taxes to the state of Michigan, while their iGaming counterparts submitted $25.3 million in gaming taxes.
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July Gross Gaming Receipts Record for the Month
With a total of $176.1 million in combined gross receipts, it was record gaming revenue for the month since Michigan launched iGaming in January 2021. In the first July, iGaming operators posted a total of $92.3 million in gross receipts and submitted $17 million in taxes and payments to the state.
Michigan internet sportsbooks won $19.55 million from bettors, with a handle of nearly $188 million, bringing the total gross gaming revenue for July 2021 to $111.85 million. In July 2022, iGaming and sports betting operators reported $148.2 million in combined gross receipts, up 32.4% from the previous year.
This past July, Michigan’s commercial and tribal online gambling operators reported a combined $176.1 million in gross receipts from internet gaming and sports betting. This marked a new monthly record for the state and represented a 4.0% increase over June’s performance.
With respect to year-on-year, the results for July 2023 were 18.8% higher, according to figures updated monthly by the Michigan Gaming Control Board. This mirrors the results seen in Illinois, which cemented its second place nationally with impressive April figures.
Adjusted Gross Receipts Rose by 17.8% in July
Michigan commercial and tribal operators of iGaming and sports betting also posted growth when it comes to adjusted gross receipts, which account for spending on player bonuses, rewards, and other promotional activities.
Combined iGaming and sports betting adjusted gross receipts ( amounted to $154.6m. This was 17.8% ahead of last year and 5.8% higher than June’s total.
Combined adjusted gross receipts (AGR) from both internet gaming and sports betting reached $154.6 million in July. This marked an increase of 5.8% from $146.1 million reported in June and up 17.8% on last year’s $131.2 million.
The figure included $138.2 million in adjusted gross receipts from online casino play, with an increase of 1% month-on-month and 18% ahead of the previous year. Meanwhile, internet sports betting accounted for $16.4 million in AGR, with a substantial uptick of 77.5% over last year. Month-on-month, sports betting AGR grew 16.8%.
Operators Generate Over $29 Million in Taxes for Michigan
Gross receipts from internet gaming alone totaled $153.6 million for July. This compares to $151 million generated from online casino games in June. Since launching online gambling in January 2021, Michigan has seen steady growth in this segment.
Gross sports betting receipts came in at $22.5 million for the month. While lower than internet gaming, this was still up significantly from the $18.3 million reported in June.
Of the adjusted gross receipts, the 15 participating operators reported paying $29.8 million in taxes and fees to the state of Michigan in July. This comprised $28.7 million from iGaming and $1.1 million from sports betting.
In addition to that, the three Detroit casinos contributed $7.6 million in municipal taxes, with $7.2 million from online casinos, while tribal operators paid $3.5 million.
Detroit Casinos’ Revenue Remains Steady Year-Over-Year
According to the latest monthly figures released by the Michigan Gaming Control Board, Detroit’s three commercial casinos generated $107.2 million in aggregate revenue during July 2022. This total matched what they produced in the comparable period last year.
A more granular examination of the data indicates revenue from slot machines and table games came in at $106.7 million for July. This represented a modest year-over-year increase of 0.7% compared to 2022.
Sports betting generated $485,763 in qualified adjusted gross receipts for the Detroit casinos. However, this figure reflected a sizable decline of 62.0% from the previous July, while the total sports betting handle for the month reached $8.0 million.
The three Detroit casinos have already made an economic impact of upwards of $2.9 billion, according to the American Gaming Association (AMA).
Michigan Online Gambling Revenue Almost Steady in August
Michigan Gaming Control Board has already released August figures, showing that the combined online sports betting and iGaming revenue in the state increased 13.2% year-over-year to $175.4 million during the month. This total represented near parity with July’s figure of $176.1 million.
Online casino play generated $152.2 million in August, growing 16.3% annually but declining slightly from July’s total of $153.9 million. Sports betting gross receipts fell 3.3% to $23.2 million compared to last August but increased 3.1% over July.
Accounting for promotional spending, adjusted gross receipts from both activities combined reached $153.1 million. This reflected an improvement of 14.6% year-over-year but a modest 1.0% decrease month-over-month.
Online casino-adjusted receipts rose 16.8% to $137.2 million versus August 2022, while sports betting-adjusted receipts dipped 1.2% to $15.9 million. The online gambling operators paid $28.6 million in iGaming taxes and $1.1 million from sports betting taxes to Michigan in August.
Wrapping Up
Michigan’s online gambling market demonstrated continued growth in July, with revenue rising 18.8% year-over-year to surpass $176 million for the month. This was driven by a 21.3% increase in iGaming receipts as well as steady expansion of the sports betting segment.
