MI sports betting and igaming revenue continue upward trend in September

The September total was comfortably ahead of the $126.1m in combined revenue for the same month in 2021, while it was also 13.9% higher than $154.9m in August this year, figures from the Michigan Gaming Control Board (MGCB) showed.

Online gaming gross receipts were up 25.7% year-on-year to $128.7m, while internet sports betting adjusted gross receipts more than doubled from $23.7m last year to $47.8m. Sports wagering handle also edged up 2.9% to $364.5m.

Combined total adjusted gross receipts, which also account for promotional spending, were $143.0m. These included $115.8m from igaming activity and $27.2m from sports betting.

Licensed operators submitted $25.6m in taxes and payments to the state of Michigan during the month, with $24.0m coming from igaming taxes and fees and $1.6m sports wagering.

For the year-to-date, aggregate internet gaming adjusted gross receipts in the eight months to the end of September was $1.00bn, with sports betting at $131.4m.

Last week, the MGCB also reported month-on-month and year-on-year revenue growth for the three commercial casinos in Detroit, Michigan.

Total revenue for the month amounted to $103.4m, which was 2.5% lower than $106.1m in August this year and also 6.3% down from $110.4m in September of 2021.