iGaming, sports betting operators in Michigan report $253.7M in October revenue
Wednesday 20 de November 2024 / 12:00
2 minutos de lectura
(Detroit).- Michigan commercial and tribal operators reported a combined $253.7 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in October. Gross receipts decreased 2.8% compared to last month.
Monthly Gross Receipts
October iGaming gross receipts totaled $220.7 million, the highest to date. The previous high was $215.2 million recorded in March 2024. October gross sports betting receipts totaled $33.0 million. In September, iGaming gross receipts were $202.6 million and gross sports betting receipts were $58.4 million.
Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for October were $208.5 million, including $198.6 million from iGaming and $9.9 million from internet sports betting — representing an iGaming increase of 8.9% and a sports betting decrease of 64.3% when compared to last month. Compared to October 2023, iGaming AGR was up by 37.7% and sports betting was down by 58.0%.
Monthly Handle
Total October internet sports betting handle of $560.4 million was up by 11.7% from the $501.8 million handle recorded in September 2024.
Monthly State Taxes/Payments
The operators reported submitting $42.1 million in taxes and payments to the State of Michigan during October, of which:
- iGaming taxes and fees = $41.5 million
- Internet sports betting taxes and fees = $569,374
Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $10.5 million in wagering taxes and municipal services fees during October, of which:
- iGaming taxes and fees = $10.2 million
- Internet sports betting taxes and fees = $323,517
Monthly Tribal Operators’ Payments
Tribal operators reported making $5.2 million in payments to governing bodies in October.
Additional Information
An online gaming and sports betting revenue distribution table is available on the agency’s website.
As of October 2024, 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:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA Central Europe
03 de November 2025
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SiGMA Central Europe Awards 2025: BetConstruct Wins Innovative Sportsbook Solution of the Year
(Malta).- BetConstruct has been recognised at the SiGMA Central Europe Awards 2025, receiving the Innovative Sportsbook Solution of the Year award. This achievement highlights the company’s continued focus on elevating retail betting experiences and supporting operators with solutions that create measurable business value.
Wednesday 05 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.