The Michigan Gaming Control Board has reported a combined $210.4m in revenue from online sports betting and iGaming. This shows a healthy increase from September 2022’s $176.5m combined result.
Online sports betting slightly declined year-on-year from $47.8m in September 2022 to $44m this year, but iGaming rose 29.3% year-on-year to $166.4m. When compared with the results for the other months of the quarter, September shows a steady rise in revenue for each sector.
The total online sports betting handle reached $457.7m, a 25.6% increase year-on-year, as well as 66.6% increase from the previous month’s handle. Online sports betting operators submitted $1.3m in taxes and payments to the state.
In September, 15 operators were authorized to offer iGaming, while 14 were authorized to offer sports betting. This represents a combination of commercial and Tribal operators.
Recently in Michigan, the iGaming landscape has also changed with the launches of: Light & Wonder’s Premium Live Dealer, an exclusive Godfather slot from BetMGM Online Casino, FanDuel Casino’s Fort Knox Cleopatra slot premiere, Bragg Gaming Group’s Lady Luck Egyptian Casino Magic and Caesars Palace Online Casino from August to October this year. 1x2 Network was also approved for a full iGaming supplier license in August.
iGaming operators submitted a much higher tax of $31.3m. By comparison, Detroit’s three casinos submitted $7.97 in wagering taxes and municipal service fees, divided into $7.5m for iGaming and $470,071 for online sports betting.
Detroit’s September land-based casino revenues were not yet posted at the time of writing, but in August the casinos generated $104.6m, which iGaming had solidly overtaken both that month and in September.
