Operator News
US – Michigan generates $1.98bn in betting and casino revenue in 2022
By Phil - 24 January 2023
Michigan’s commercial and tribal internet casino gaming and internet sports betting operators reported a combined $1.98bn total gross receipts in 2022.
Gross receipts rose 41 per cent compared with $1.4bn in receipts reported in 2021. Internet casino gaming generated $1.58bn in gross receipts, and internet sports betting produced $399.58 million in gross receipts.
Combined 2022 adjusted internet gaming and internet sports betting adjusted gross receipts were $1.65bn, which was 47.8 per cent higher than the $1.1bn in adjusted gross receipts recorded in 2021. The 2022 results included $1.43bn from adjusted gross internet gaming receipts and $219.58m from adjusted gross sports betting receipts. Adjusted gross receipts include deductions for the monetary value of free play incentives provided to and waged by bettors.
Total handle for the year was $4.6bn compared with $3.7bn recorded in 2021. The tribal and commercial operators made $302.98m in taxes and payments to the State of Michigan during 2022.
The three Detroit commercial operators reported paying the City of Detroit $84.57m in wagering taxes and municipal services fees during the year.
During December, commercial and tribal operators reported $201.6m in combined total gross internet gaming and internet sports betting receipts, which was an 8.2 per cent increase from November results of $186.27m.
Commercial and tribal operators in December reported combined $168.23m total adjusted gross internet gaming receipts and adjusted gross sports betting receipts. In December 2021, the combined total adjusted gross receipts were $120.6m for a nearly 40 per cent year-over-year increase.
During December, internet gaming gross receipts set a Michigan record of $152.8m, exceeding by five per cent the previous monthly record of $145.43m reported in November.
Internet gaming adjusted gross receipts in December were $137.47m compared with $130.9m reported in November. Monthly internet gaming adjusted gross receipts jumped 25.3 per cent from the $109.7m in internet gaming adjusted gross receipts recorded in December 2021.
Commercial and tribal operators reported combined total $30.76m in internet sports betting adjusted gross receipts for a 19.9 per cent increase from $25.66m reported in November. Compared with December 2021 results of $10.9m, internet sports betting adjusted gross receipts rose by $19.8m or 182 per cent.
Total handle at $478.7m declined a fractional 0.3 per cent from the $480m total handle reported in November. The operators delivered $30.4m in taxes and payments to the State of Michigan in December.
For internet sports betting, commercial operators pay 70 per cent of the 8.4 per cent tax to the state and 30 per cent to the City of Detroit. Tribal operators make an 8.4 per cent payment to the state on adjusted gross sports betting receipts.
The three Detroit casinos reported City of Detroit wagering taxes and municipal services fee payments of $8.4m in December. Tribal operators reported paying $3.3m to governing bodies in December.
An online gaming and sports betting revenue distribution table is available on the agency’s website.
During November, a total of 14 operators offered internet gaming as one tribal operator ceased offering internet gaming during 2022. A total of 15 commercial and tribal operators offered internet sports betting. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website.
