Michigan online betting achieves $148.2m in gross receipts in July

The Michigan Gaming Control Board has published the state's July online betting financial figures, reporting $148.2m in combined total gross receipts.
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The Michigan Gaming Control Board (MGCB) has published the July financial figures for the state’s online sports betting and igaming operators, reporting $148.2m in combined total gross receipts, an 8.3% improvement on June’s $136.9m.

Broken down, $126.6m of the Wolverine State’s total gross receipts for the month came from igaming, a 4.2% increase on the previous month (June: $121.5m). $21.6m came from internet sports wagering, a 40% uptick compared to last month (June: $15.4m).

The MGCB noted that Michigan online betting’s combined total adjusted gross receipts for July came in at $131.2m (igaming – $117.2m, sports betting – $14m). Igaming adjusted gross receipts rose by 7.1%, while online sports betting adjusted gross receipts improved by 179.5%.

Compared to the same month the previous year, igaming adjusted gross receipts have increased by 41% year-over-year, while internet sports wagering adjusted gross receipts have grown by 13% YoY.

The MGCB added that the total online sports betting handle for July came in at $206.1m, a 23.7% decline when compared with the previous month (June: $270m).

Michigan online betting operators sent $24.9m to the state in taxes and payments during July. Broken down, igaming submitted $24.1m in taxes and fees, while internet sports wagering submitted $815,409.

During the month, Detroit’s three casinos – MGM, MotorCity, and Hollywood Casino at Greektown – paid $6.9m in wagering taxes and municipal services fees to the City of Detroit. Per vertical, igaming sent $6.5m in taxes and fees, while online sports betting paid $386,187. Tribal operators sent $2.7m in payments to governing bodies.

Per vertical for the first seven months of the year, aggregate adjusted gross receipts stand at $798.9m for igaming and $88.1m for internet sports wagering.

Earlier this month, the MGCB reported that Detroit casinos achieved a July monthly aggregate revenue of $107.2m, an 8.72% improvement on the previous month (June: $98.6m) but an 8.29% decline YoY (2021: $116.9m).