Michigan iGaming, sports betting operators post $2.3bn in revenue for 2023

January 19, 2024
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The state generated an annual handle of $4.6bn.

The Michigan Gaming Control Board has released both its December sports betting numbers and results for the 2023 fiscal year. The Great Lake State brought in a total of $2.3bn in revenue for the year, up 18.3% year-over-year.

During December, sports betting and iGaming statewide revenue reached $242.5m, reflecting an increase of 15.9% when compared to results from November.

Gross receipts for the month were the highest to date, totaling $181.4m. December’s total surpassed the previous high from November by more than $6m.

Gross sports betting receipts for the month also topped the previous all-time high, with the total last month reaching $61.1m.

December iGaming gross receipts were $175.3m, and gross sports betting receipts reached $33.9m.

Michigan’s internet sports betting handle in December grew by 2.5% when compared to November’s results and totaled $583m.

The state posted iGaming and internet sports betting adjusted gross receipts (AGR) that reached $198.4m during December. In a breakdown of the monthly total, iGaming contributed $163.3m, and internet sports betting brought in another $35.1m.

December iGaming and internet sports betting AGR rose by 18.8% and 14.3% year-over-year respectively.

During December, operators around the state reported that they submitted $36.7m in state taxes. iGaming contributed $34.1m in taxes and fees, while internet sports betting chipped in another $2.6m.

For the fiscal year, Michigan posted an annual handle of $4.6bn. Operators paid close to $369.8m in taxes and payments to the state during 2023.

According to last month’s report, the state has authorized 15 commercial and tribal operators to launch iGaming and internet sports betting.

State-by-State

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