Michigan iGaming and sports betting operators post in $261m in September revenue
The state reported a $50m boost in revenue year-over-year.
Key Points
- Michigan’s sports betting handle increased year-over-year
- Revenue from iGaming and sports betting rose month-to-month and year-over-year
The Michigan Gaming Control Board has published its statewide gambling results for the month of September. Its report includes both sports betting and iGaming revenue results.
During the month, commercial and Tribal operators posted a combined total of $261m in revenue. Last month’s total iGaming and sports wagering revenue reflected a nearly $50m increase when compared to results from one year ago.
In a breakdown of last month’s revenue, $202.6m came from iGaming, while Michigan sports betting contributed another $58.4m.
The Great Lakes State posted a total internet sports betting handle of $501.8m, close to $45m more than the state reported during September 2023.
Last month’s iGaming and internet sports betting adjusted gross receipts (AGR) reached $209.9m.
Close to $182.3m of the state’s total AGR came from iGaming, while sports betting chipped in another $27.6m.
Last month, operators around the state reported that they submitted $39.5m in state taxes. iGaming contributed $38.1m in taxes and fees, while internet sports betting paid nearly $1.4m.
Good to know: Michigan is one of seven US states with legal online casino
Other states with access to iGaming include Pennsylvania, Delaware, Nevada, New Jersey, Rhode Island, West Virginia and Connecticut.
Since the Supreme court repealed its federal ban on sports betting in 2018, nearly 40 states along with the District of Columbia have opened legal sports betting markets.
In other state news, the MGCB recently brought eight felony charges against a Southfield man named Jeffrey Saco for gambling violations.
The 38-year-old was brought up on charges following a joint investigation by the MGCB and Michigan Department of Attorney General.
Saco allegedly “made more than $2m in fictitious deposits into his Caesars sportsbook account by exploiting a system vulnerability” in April 2023, the control board said.
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