Michigan internet gaming and sports betting operators report combined $148.2 million July total gross receipts









 



19 August 2022




(PRESS RELEASE) — Michigan commercial and tribal operators in July reported a combined $148.2 million total gross internet gaming receipts and gross internet sports betting receipts. Receipts increased 8.3% from June results of $136.9 million.

Internet gaming gross receipts for July were $126.6 million, up 4.2% from the $121.5 million reported in June. Gross sports betting receipts were $21.6 million compared with $15.4 million in June for a 40% increase.

Combined total adjusted internet gaming gross receipts and adjusted gross sports betting receipts were $131.2 million, including $117.2 million from internet gaming and $14 million from sports betting. Monthly internet gaming adjusted gross receipts rose 7.1%, and internet sports betting adjusted gross receipts climbed by $9 million or 179.5%.

Compared with July 2021, internet gaming adjusted gross receipts were up 41%, and internet sports betting adjusted gross receipts rose 13%.

Total internet sports betting handle at $206.1 million dropped 23.7% when compared with the June handle of $270 million.
The operators submitted $24.9 million in taxes and payments to the State of Michigan during July, including:

– Internet gaming taxes and fees: $24.1 million
– Internet sports betting taxes and fees: $815,409

The three Detroit casinos reported paying the City of Detroit $6.9 million in wagering taxes and municipal services fees during July including:

– Internet gaming taxes and fees: $6.5 million
– Internet sports betting taxes and fees: $386,187

Tribal operators reported making $2.7 million in payments to governing bodies.
During the first seven months of 2022, aggregate internet gaming adjusted gross receipts totaled $798.9 million, and aggregate internet sports betting adjusted gross receipts were $88.1 million.
An online gaming and sports betting revenue distribution table is available on the agency’s website.
During July, 15 operators were authorized for both forms of online wagering.

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