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Michigan Internet Gaming and Sports Betting Operators Report Combined $216.4M in March Total Gross Receipts
Michigan commercial and tribal operators reported a combined $216.4 million total internet casino gaming gross receipts and gross sports betting receipts in March. Gross receipts increased 26.7% compared with February results.
March internet gaming gross receipts were a Michigan record $171.8 million, surpassing the previous total gross receipts record of $153.7 million set in January. Gross sports betting receipts totaled $44.6 million. In March 2022, internet gaming gross receipts were $131.67 million, and gross sports betting receipts were $30.48 million.
Combined total internet gaming and internet sports betting adjusted gross receipts were $186.09 million, including $154.65 million from internet casino gaming and $31.44 million from internet sports betting. Internet gaming adjusted gross receipts increased 30.4% from the $118.58 million recorded in March 2022, and internet sports betting adjusted gross receipts improved 114.5% from the $14.66 million total recorded in March a year ago.
March 2023 combined adjusted gross receipts were 31.3% higher than the $141.73 million in total adjusted gross receipts logged in February 2023.
For the first quarter of 2023, internet gaming adjusted gross receipts totaled $426.3 million, and internet sports betting adjusted gross receipts were $57.7 million. Michigan operators reported $338.3 million in internet gaming adjusted gross receipts and $29.9 million in internet sports betting adjusted gross receipts during the first quarter of 2022.
Total internet sports betting handle at $407.7 million was down 9.7% from the $451.6 million handle recorded in March 2022. March 2023 handle was up 18.2% from the February 2023 handle of $344.9 million.
The operators reported submitting $33.2 million in taxes and payments to the State of Michigan during March including:
- Internet gaming taxes and fees: $31.3 million.
- Internet sports betting taxes and fees: $1.9 million
The three Detroit casinos reported paying the City of Detroit $9.1 million in wagering taxes and municipal services fees during March including:
- Internet gaming taxes and fees: $8.2 million
- Internet sports betting taxes and fees: $865,916
Tribal operators reported making $3.7 million in payments to governing bodies in March.
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