Michigan operators report $145.3m in gross receipts for February
Gross receipt totals from last month reflected a slight drop from January results.
Michigan commercial and tribal internet casino gaming and sports betting operators have published their results for February. Gross receipts from both internet gaming and sports betting raked in a combined total of $145.3m.
The total was a 6.8% decrease, compared to January’s results.
A breakdown of the combined total reflected $122.8m in gross receipts from internet gaming and $22.5m in gross receipts from sports betting.
Michigan’s total handle fell 19.8% from January’s results, yielding $398.4m.
Monthly internet gaming adjusted gross receipts rose by 47% and internet sports betting adjusted gross receipts rose by 63.4% compared to the same time last year. Monthly internet gaming adjusted gross receipts rose by 1.3% compared to January.
Internet gaming adjusted gross receipts reached $219.7m and aggregate internet sports betting adjusted gross sports betting receipts reached $15.2m during the first two months of this year.
During the month of January, operators submitted $22m in taxes and payments to the state. To break it down, internet gaming submitted $21.6m in taxes and fees and internet sports betting submitted $360,354 in taxes and fees.
Detroit’s three casinos reported paying more than $6.2m in wagering taxes and municipal services fees to the city during the month of February. Internet gaming’s taxes and fees were $6m, while internet sports betting was responsible for paying $221,194 in taxes and fees.
Tribal operators paid a total of $2.3m to its governing bodies.
According to the Michigan Gaming Control Board, 14 operators were authorized for both forms of online wagering during the month of February.
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