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.
