SPORTS BETTING
US – Michigan sports betting and online gaming see four per cent increase in July
By Phil - 23 August 2023
Michigan commercial and tribal operators reported a combined $176.1m total internet gaming gross receipts and gross sports betting receipts in July. Gross receipts increased four per cent compared to June results.
July iGaming gross receipts totaled $153.6m and gross sports betting receipts totaled $22.5m. In June 2023, iGaming gross receipts were $151m and gross sports betting receipts were $18.3m.
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for July were $154.6m, including $138.2m from iGaming and $16.4m from internet sports betting — representing a one per cent and 77.5 per cent increase, respectively, compared to June 2023. Compared to July 2022 reported revenues, iGaming AGR was up by 18 per cent and sports betting was up by 16.8 per cent.
Total internet sports betting handle at $200.8m was down by 11.9 per cent from the $227.9m handle recorded in June 2023.
The operators reported submitting $29.8m in taxes and payments to the State of Michigan during July, including internet gaming taxes and fees of $28.7m and internet sports betting taxes and fees of $1.1m.
The three Detroit casinos reported paying the City of Detroit $7.6m in wagering taxes and municipal services fees during July, including internet gaming taxes and fees of $7.2m and internet sports betting taxes and fees of $391,969. Tribal operators reported making $3.5m in payments to governing bodies in July. During July, a total of 15 operators offered internet gaming and internet sports betting.
