Michigan iGaming and Sports Betting Revenues Surge in March

This achievement surpasses the previous high of $188.0 million from February, marking an increase in online gaming activities.

The total gross receipts for both iGaming and sports betting reached $257.08 million, showing a 17.7% growth compared to February.

Sports Betting Performance

Sports betting also showed impressive gains, with March gross receipts totaling $41.93 million, up from February’s $30.5 million.

The combined adjusted gross receipts (AGR) from iGaming and internet sports betting were $221.14 million for the month. The breakdown includes $194.47 million from iGaming, up 14.9% from February, and $26.67 million from sports betting, which notably increased by $13.8 million.

Year-over-year comparisons show a 25.8% increase in iGaming AGR from March 2023, although sports betting receipts saw a 15.2% decrease.

The total handle for internet sports betting in March was $480.4 million, marking a 19.3% increase from February’s $402.6 million. This upward trend indicates a growing enthusiasm for online sports betting among Michigan residents.

Tax Contributions and Payments

In March, operators contributed $41.1 million in taxes and payments to the State of Michigan. This amount comprised $39.4 million from iGaming and $1.7 million from internet sports betting.

Additionally, the three Detroit casinos reported paying $10.96 million in wagering taxes and municipal services fees to the City of Detroit, with iGaming contributing $10.3 million and sports betting $663,132.

Tribal operators also made significant payments, contributing $4.7 million to governing bodies.

As of March, Michigan has 15 commercial and tribal operators authorized for iGaming and/or internet sports betting, with 13 offering internet sports betting and all 15 providing iGaming services.