Michigan´s online gambling operators brought in nearly $155 M in August

That figure reflects the combined total of gross receipts tied to online casino games and internet sports betting from Michigan’s commercial and tribal operators. Results were up 4.5% month-over-month.

Gross receipts tied to internet gaming totaled $130.9 million, up 3.4% from July, while gross receipts from internet sports betting totaled $24 million — up 11% from July.

Year over year, adjusted gross receipts were up 34.2% for internet gaming and 113% for online sports betting. The handle, or amount wagered, for online sports betting came in at $218.8 million — more than July’s handle of $206.1 million. “August should be the final month of modest numbers for Michigan sportsbooks, as football season will start to take them back near the $400 million mark in September," Paul Costanzo, lead analyst for industry news site PlayMichigan, said in a statement.

Still, he noted that August's combined online and sports betting handle of $229.8 million was a 10% year-over-year improvement, "telling us the industry continues to thrive in its second full year of legal sports betting." "The state has also crossed the $7 billion mark in all-time handle," he added. "Online casinos, meanwhile, continue to be season-proof, which is a huge benefit for operators and the state.”

The operators — 15 of which are authorized for both forms of online wagering — submitted $25.3 million in taxes and payments to the state for the month, according to the gaming control board. Detroit's three casinos paid the city $6.7 million in wagering taxes and municipal services fees tied to online gambling for August, while tribal operators reported making $2.9 million in payments to governing bodies.

By Jordyn Grzelewski