Michigan industrial and tribal operators reported a mixed $176.1 million complete web gaming (iGaming) gross receipts and gross sports activities betting receipts in July. Gross receipts elevated 4.0% in comparison with June outcomes.
It was a report efficiency for the month. The Wolverine State launched on-line playing in January 2021.
July iGaming gross receipts totaled $153.6 million, and gross sports activities betting receipts totaled $22.5 million. In June 2023, iGaming gross receipts had been $151.0 million, and gross sports activities betting receipts had been $18.3 million.
Combined complete iGaming and web sports activities betting adjusted gross receipts (AGR) for July had been $154.6 million, together with $138.2 million from iGaming and $16.4 million from web sports activities betting — representing a 1.0% and 77.5% enhance, respectively, in comparison with June 2023. Compared to July 2022 reported revenues, iGaming AGR was up by 18.0%, and sports activities betting was up by 16.8%.
Total web sports activities betting deal with at $200.8 million was down by 11.9% from the $227.9 million deal with recorded in June 2023.
The operators reported submitting $29.8 million in taxes and funds to the State of Michigan throughout July, together with web gaming taxes and charges and $28.7 million and web sports activities betting taxes and charges of $1.1 million
The three Detroit casinos reported paying the City of Detroit $7.6 million in wagering taxes and municipal companies charges throughout July, together with web gaming taxes and charges of $7.2 million and web sports activities betting taxes and charges of $391,969.
Tribal operators reported making $3.5 million in funds to governing our bodies in July.
An on-line gaming and sports activities betting income distribution desk is out there on the company’s web site.
During July, a complete of 15 operators provided web gaming and web sports activities betting. Details for every operator’s web gaming and web sports activities betting outcomes can be found on the MGCB web site.
