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Michigan iGaming and sports betting operators release September 2024 revenue report

Michigan commercial and tribal operators reported a combined $261.0 million total internet gaming gross receipts and gross sports betting receipts in September. Gross receipts increased 16.5% compared to last month.

Monthly Gross Receipts
September iGaming gross receipts totaled $202.6 million and gross sports betting receipts totaled $58.4 million. In August, iGaming gross receipts were $196.66 million and gross sports betting receipts were $27.36 million.

Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts for September were $209.9 million, including $182.3 million from iGaming and $27.6 million from internet sports betting — representing an iGaming increase of 3.1% and a sports betting increase of 68.7% when compared to last month. Compared to September 2023, iGaming AGR was up by 21.8% and sports betting was up by 47.2%.

Monthly Handle
Total September internet sports betting handle of $501.8 million was up by 79.2% from the $280.1 million handle recorded in August 2024.

Monthly State Taxes/Payments
The operators reported submitting $39.5 million in taxes and payments to the State of Michigan during September, of which:

– iGaming taxes and fees = $38.1 million
– Internet sports betting taxes and fees = $1.4 million

Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $9.84 million in wagering taxes and municipal services fees during September, of which:

– iGaming taxes and fees = $9.3 million
– Internet sports betting taxes and fees = $535,504

Monthly Tribal Operators’ Payments
Tribal operators reported making $4.8 million in payments to governing bodies in September.

Additional Information
An online gaming and sports betting revenue distribution table is available on the agency’s website.
As of September 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 12 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.

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