Michigan Releases iGaming and Sports Betting Revenue Report

Michigan released its January sales report. Accordingly, the total revenue of online casinos operated by commercial and tribal operators was $229.6 million. The figures refer to gross revenue from online gambling and sports betting.

iGaming hits records, sports betting declines:

Compared to December 2023, a decrease of 5.4% was recorded.

In January, the state registered Gross revenue of $181.9 million, and this result was record-breaking. The previous record was set in December 2023, and it was $181.4 million. However, in terms of gross revenue from sports betting, December was significantly more successful than January with sales of $61.1 millionwhile this number was in January $47.7 million.

In total, the adjusted gross revenue (AGR) in the previous month they were $183.0 million. From this amount $164.2 million was generated through iGaming and $18.8 million was generated through online betting. iGaming recorded an increase of 0.5%while sports betting fell 46.5%.

However, in January 2023, these numbers were lower, and AGR in the iGaming sector was 18.7% lower, while sports betting increased by 5.4% in 2024.

When it comes to handles, the online sports betting handle was the one $577.4 million in January, that is 1.0% less when it was recorded in December when the handle was $583.0 million.

State revenue:

According to the operators, the state has earned money $31.3 million in taxes and fees from January receipts. Taxes and fees collected from iGaming were higher, and the state earned $30.0 million while generating online sports betting $1.3 million in sales for the state.

Detroitwhich has three casinos Total $8.5 million from taxes and municipal charges in the previous month. Taxes and fees brought in from the iGaming sector $7.9 millionand online sports betting generated $614,400. Detroit customers appear to prefer online gambling and sports betting over land-based betting, according to land-based operators a decline in sales of 8.8% compared to the previous year.

According to the official press release, the Michigan tribal operators paid $3.6 million in taxes and fees to the state.

When it comes to Online gaming and sports betting industry In Michigan, the state decided to focus on expanding the business and so this was decided in January Allow 15 operators, both commercially and tribally, to launch their online sports betting and gambling activities. Among them, all 15 operators decided to launch iGaming operations, while 14 also launched sports betting.

Michigan casinos have had a successful year and according to new results from the iGaming industry, the winning streak is about to continue.

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