Key points:
- Online gaming gross receipts up, while sports betting experiences a decline
- AGR was up from last year, driven by iGaming; internet sports betting handle grows
The Michigan Gaming Control Board (MGCB) has released financial figures for the month of October related to iGaming and sports betting in the state.
In total, the Wolverine State’s commercial and Tribal operators brought in $253.7m in iGaming and sports betting gross receipts, representing a 23.6% increase year-over-year, though a slight decrease of 2.8% when compared to September 2024.
However, looking individually, iGaming brought in its highest figure in terms of gross receipts to date, with $220.7m, up 37.7% when compared to the same period last year, beating the previous high of $215.2m set in March 2024. Sports betting gross receipts made up the remaining $33m, which was down 25%.
Looking at adjusted gross receipts (AGR), the total across the board was $208.5m, a rise of 24.3% when compared to October 2023.
Good to know: This week has seen the MGCB and Michigan Department of Attorney General report that five individuals pleaded guilty to activity connected to an illegal gambling operation
In total, $198.6m of this came from iGaming, which was 37.7% higher than the same period last year, while $9.9m came from internet sports betting, down from the $23.5m figure posted in last year’s October report.
On the other hand, online sports betting handle did experience an increase year-over-year, by 5.1%, to $560.4m.
In other state results news, the New Hampshire Lottery has published its October sports betting results, showing $79.3m in handle and close to $5.8m in gross gaming revenue (GGR).
