Michigan records online gaming and sports betting sales of $227 million in January, iGaming sets new record

Michigan commercial and tribal operators reported gross revenue from iGaming and sports betting totaling $229.6 million in JanuaryThis represents a decrease of 5.4% compared to December. However, when it comes to iGaming in particular, January marks the third consecutive month in which operators set a new monthly revenue record.

The January total was driven by iGaming, which reported total gross revenues of $181.9 million, a slight increase of 0.3% from the previous month and a new all-time high, according to the latest report from the Michigan Gaming Control Board. In the meantime, Gross sports betting revenue totaled $47.7 million in December, This represents a 21.9% decrease from $61.1 million in December 2023.

In January, iGaming and Internet sports betting operators in Michigan reported combined adjusted gross revenue (AGR) of $183 million. iGaming rose 05% to reach $164.2 million, while sports betting saw a 46.5% decline compared to December 2023 to $18.8 million. Year-over-year, iGaming AGR increased 18.7% and sports betting increased 5.4%.

Additionally, Michigan’s total Internet sports betting revenue was $577.4 million in January, a decrease of 1.0% from the $583 million recorded in December. Those were them The three best performing operators in January based on bet processing and sales figures:

  1. FanDuel: $213.97 million AUM with $13.70 million AGR
  2. DraftKings: $166.77 million in sales and $2.90 million in revenue
  3. BetMGM: $73.20 million in handles and $2.60 million in AGR

The state of Michigan recorded $31.3 million in taxes and payments from operators in January, with iGaming accounting for the lion’s share of $30 million. Sports betting contributed $1.3 million in January.

Detroit’s three casinos played a significant role, paying the city a total of $8.5 million in betting taxes and municipal service fees from online gambling. Additionally, tribal operators said they made $3.6 million in payments to governing bodies in January.

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