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Reports

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.

iGaming, sports betting operators report $268.5M in February revenue in Michigan

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

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia

(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.

Wednesday 30 Apr 2025 / 12:00

GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena

(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.

Wednesday 30 Apr 2025 / 12:00

Successful Start to GAT Expo Cartagena 2025, Which Continues with Two Days of Gaming Sector Exhibitions

(Cartagena, SoloAzar Exclusive).- Perfect attendance and strong performance were the highlights yesterday at the GAT Academy conference series at the start of GAT EXPO Cartagena, which continues today and tomorrow with the exhibition of products and services from important companies in the gaming sector, both traditional and online.

Tuesday 29 Apr 2025 / 12:00

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