Michigan Reports iGaming and Sports Betting Earnings For October 2023

Michigan commercial and tribal operators reported a total of $205.3 million in internet gaming gross revenue and sports betting gross revenue in October. Total revenue fell 2.4 percent compared to the September results.

Total iGaming receipts for October were $160.3 million and total sports betting receipts were $45 million. In September 2023, iGaming received $166.4 million and sports betting received $44 million.

Total revenue from iGaming and internet sports betting adjustments (AGR) totaled $167.7 million in October, including $144.2 million from iGaming and $23.5 million from internet sports betting, down 3.7% from September 2023 and 25.4% from sports betting. iGaming AGR is down 13.9% and sports betting is down 26.1% compared to reported revenue in October 2022.

Total internet sports betting handles stood at $533 million, up 16.5% from the $457.7 million recorded in September 2023. It is the highest internet sports betting handle to date and the first time that the total handle has exceeded $500 million.

Operators reported filing $31.9 million in taxes and payments to Michigan during October: 온라인경마

  • Internet Game Tax and Fees: $30.1 Million
  • Internet Sports Betting Taxes and Fees: $1.8 Million

Three Detroit casinos reported paying the city of Detroit $8.2 million in wage growth taxes and corrective services during October:

  • Internet Game Tax and Fees: $7.5 Million
  • – Internet sports betting taxes and fees: $663,754

Tribal operators reported paying $3.7 million to government agencies in October.

Online gaming and sports betting revenue distribution tables are available on the agency’s website.

As of October, a total of 15 commercial and tribal operators were authorized to launch iGaming and/or internet sports betting. Currently, 14 commercial and tribal operators are offering internet sports betting, and 15 are offering iGaming.

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