iGaming, sports betting operators report $268.5M in February revenue in Michigan
Wednesday 19 de March 2025 / 12:00
2 minutos de lectura
(Detroit).- Michigan commercial and tribal operators reported a combined $268.5 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in February. Gross receipts decreased 18.9% compared to January.
Monthly Gross Receipts
February iGaming gross receipts totaled $222.5 million and gross sports betting receipts totaled $46.0 million, which is a decrease from the $83.0 million recorded in January.
Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for February were $236.3 million, including $209.1 million from iGaming and $27.2 million from internet sports betting — representing an iGaming decrease of 10.3% and a sports betting decrease of 50.2% when compared to January. Compared to February 2024 reported revenues, iGaming AGR was up by 23.6% and sports betting AGR increased by $14.3 million.
Monthly Handle
Total internet sports betting handle at $379.8 million was down by 31.6% from the $555.2 million handle recorded in January.
Monthly State Taxes/Payments
The operators reported submitting $43.8 million in taxes and payments to the State of Michigan during February, of which:
- iGaming taxes and fees = $42.3 million
- Internet sports betting taxes and fees = $1.5 million
Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $12.1 million in wagering taxes and municipal services fees during February, of which:
- iGaming taxes and fees = $11.5 million
- Internet sports betting taxes and fees = $640,249
Monthly Tribal Operators’ Payments
Tribal operators reported making $4.7 million in payments to governing bodies in February.
Additional Information
An online gaming and sports betting revenue distribution table is available on the agency’s website.
As of February 2025, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 12 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website.
Categoría:Reports
Tags: Sin tags
País: United States
Región: North America
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