iGaming, sports betting revenues: operators report $331, 2M in January
Tuesday 25 de February 2025 / 12:00
2 minutos de lectura
(Detroit).- Michigan commercial and tribal operators reported a combined $331.2 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in January. Gross receipts increased 25.4% compared to December.
Monthly Gross Receipts
January iGaming gross receipts totaled $248.2 million, the highest to date. The previous high was $244.0 million recorded in December 2024. January gross sports betting receipts totaled $83.0 million, which is an increase from the $20.2 million recorded in December.
Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for January were $287.9 million, including $233.1 million from iGaming and $54.8 million from internet sports betting — representing an iGaming increase of 6.1% and a sports betting increase of $54.5 million when compared to December 2024. Compared to January 2024 reported revenues, iGaming AGR was up by 42.0% and sports betting was up by $36.0 million.
Monthly Handle
Total internet sports betting handle at $555.2 million was down by 7.1% from the $597.7 million handle recorded in December 2024.
Monthly State Taxes/Payments
The operators reported submitting $46.8 million in taxes and payments to the State of Michigan during January, of which:
- iGaming taxes and fees = $43.7 million
- Internet sports betting taxes and fees = $3.1 million
Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $12.8 million in wagering taxes and municipal services fees during January, of which:
- iGaming taxes and fees = $11.8 million
- Internet sports betting taxes and fees = $1.0 million
Monthly Tribal Operators’ Payments
Tribal operators reported making $5.0 million in payments to governing bodies in January.
Additional Information
An online gaming and sports betting revenue distribution table is available on the agency’s website.
As of January 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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