iGaming and Sports Betting Operators in Michigan Earn $293.5M in Revenue for March | Reports - SoloAzar International
Reports

iGaming and Sports Betting Operators in Michigan Earn $293.5M in Revenue for March

Monday 21 de April 2025 / 12:00

⏱ 2 min read

(Detroit).- Michigan’s commercial and tribal internet gaming operators reported a combined total of $293.5 million in gross receipts from internet gaming (iGaming) and internet sports betting for March. This reflects a 9.3% increase compared to February.

iGaming and Sports Betting Operators in Michigan Earn $293.5M in Revenue for March

Monthly Gross Receipts
iGaming gross receipts for March totaled $260.5 million, up from $222.5 million in February. This marks the highest monthly total since internet gaming began, surpassing the previous record of $248.2 million set in January 2025. Gross sports betting receipts were $33.0 million, down from $46.0 million recorded in the previous month.

Monthly Adjusted Gross Receipts
Combined adjusted gross receipts (AGR) for iGaming and internet sports betting reached $260.7 million in March. Of that total, $246.1 million came from iGaming, and $14.6 million came from internet sports betting. This marks a 17.7% increase in iGaming AGR and a 46.4% decrease in sports betting AGR compared to February. Year-over-year, iGaming AGR rose 26.5%, while sports betting AGR declined 45.3% compared to March 2024.

Monthly Handle
The total internet sports betting handle was $475.1 million in March, a 25.1% increase from the $379.8 million recorded in February.

Monthly State Taxes and Payments
Operators reported submitting $51.4 million in state taxes and payments in March, including:

  • iGaming taxes and fees: $50.5 million
  • Internet sports betting taxes and fees: $874,052

Monthly City of Detroit Taxes and Payments
Detroit’s three commercial casinos reported $13.4 million in wagering taxes and municipal services fees paid to the City of Detroit in March, including:

  • iGaming taxes and fees: $13.1 million
  • Internet sports betting taxes and fees: $281,974

Monthly Tribal Operator Payments
Tribal operators reported $6.0 million in payments made to their respective governing bodies in March.

Additional Information
An detailed revenue distribution table for online gaming and sports betting is available on the agency’s website.

As of March 2025, 15 commercial and tribal operators have been authorized to offer iGaming and/or internet sports betting in Michigan. Currently, 12 operators offer internet sports betting, and 15 offer iGaming. Individual operator results are published on the MGCB website.

 

Categoría:Reports

Tags: Sin tags

País: United States

Región: North America

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