Michigan commercial and tribal operators post $175.4m in August revenue

The Michigan Gaming Control Board has published its gambling results for the month of August. Both Tribal and commercial operators reported a combined total of $175.4m in sports betting and iGaming revenue during the month.

Total gross receipts in August reflected a 0.4% decrease when compared to gambling results from July. In a breakdown of revenue results, iGaming yielded $152.2m in gross gaming receipts, while statewide sports betting brought in $23.2m in gross gaming receipts.

Sports betting adjusted gross receipts (AGR) in August reached $15.9m. Total AGR from iGaming for the month totaled $137.2m. Total iGaming AGR during August grew by 16.8% year-over-year, while sports betting AGR fell by 1.3%.

Michigan’s August sports betting handle grew by 8.8% when compared to results from July to reach $218.5m.

State operators reported that they submitted $29.7m to the state in taxes for the month. Operators contributed $28.6m in taxes from iGaming and chipped in another $1.1m in taxes and fees from internet sports betting.

Michigan has three casinos located within the city of Detroit. The state’s three Detroit casinos brought in $104.9m in monthly aggregate revenue during the month.

Retail sports betting from all three casinos contributed $322,186 to the overall revenue total. The other $104.6m came from slots and table games.

All three casinos posted that they paid $7.3m in wagering taxes and municipal services fees to the city during the month of August. Taxes from iGaming totaled $6.9m, while another $368,596 in taxes and fees came from internet sports betting from Michigan’s casinos.

Tribal operators said they contributed $3.6m in payments to governing bodies during August.

Isabella Santos

Writer

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