Michigan online sports betting handle reaches $227.9m for June
The state saw a decline in activity when compared to figures from May.
The Michigan Gaming Control Board has published its gambling figures from June 2023. The state’s 15 sports betting and iGaming operators posted a combined gross revenue of $169.3m.
Total gross receipts reported in June reflected a decrease of 8.9% when compared to results from May.
In a breakdown of gross receipts for June, Michigan iGaming operators generated $151m, while sports betting posted $18.3m – showing the very clear difference in margin between the two products.
Adjusted gross receipts (AGR) during the month of June reached $146.1m across the board. Michigan iGaming AGR totaled $136.9m, and statewide sports betting kicked in another $9.2m.
Compared to May’s results, AGR from iGaming grew by 1% for the month of June. Numbers for online sports betting from May to June fell by 58%.
However, there is a silver lining. Last month’s figures reflect significant increases year-over-year. Online sports betting and iGaming AGR rose by 83.9% and 25.1% when compared to what the control board posted in June 2022.
Michigan’s total internet sports betting handle dropped by 21% during the month of June when compared to May’s handle. The state posted a total online sports betting handle of $227.9m.
During the month of June, operators submitted $28.9m in payments and taxes to the state. Taxes and fees from iGaming totaled $28.4m for June, while online sports betting paid out $545,632. Michigan’s Tribal operators paid $3.5m to governing bodies during the month as well.
Furthermore, Detroit’s three casinos contributed $7.4m in wagering taxes and municipal services fees to the city during June. Taxes and fees from iGaming totaled $7.1m. Another $286,569 came from online sports betting.
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