Michigan’s gaming trade reached unprecedented heights in November 2024, with a file $284.3 million in mixed web gaming (iGaming) and sports activities betting gross receipts. This determine, reflecting a 12.1% improve from October, was introduced by the Michigan Gaming Control Board (MGCB). The robust efficiency highlights the continued development of Michigan’s regulated gaming sector.
iGaming gross receipts for November totaled $226.0 million, surpassing the earlier excessive of $220.7 million recorded in October. Internet sports activities betting gross receipts additionally noticed a major leap to $58.3 million, in comparison with $33.0 million within the prior month. The whole sports activities betting deal with for November reached $650.2 million, the best reported so far, reflecting a 16% improve over October.
Adjusted gross receipts (AGR) for November present the sector’s momentum, with $240.4 million reported throughout iGaming and sports activities betting actions. iGaming AGR rose to $203.3 million, marking a 2.4% month-over-month improve, whereas web sports activities betting AGR climbed to $37.1 million, up $27.2 million from October. Compared to the identical interval final yr, iGaming AGR grew by 28.9%, with web sports activities betting receipts rising by $36.8 million.
Contributions to State and Local Economies
The gaming trade’s success continues to bolster Michigan’s economic system. In November, operators paid $44.4 million in taxes and costs to the state, with $42.5 million stemming from iGaming and $1.9 million from web sports activities betting. The three Detroit casinos contributed a further $11.2 million to the City of Detroit in wagering taxes and municipal charges, with tribal operators making $5.2 million in funds to native governing our bodies.
For all the yr, the MGCB reported over $501.4 million in contributions to Michigan’s School Aid Fund, supporting Ok-12 public schooling. Of this whole, $388.5 million got here from iGaming, $12.9 million from web sports activities betting, and $100.5 million from on line casino wagering taxes. Other contributions included $4 million to the First Responder Presumed Coverage Fund and $3 million to the Compulsive Gambling Prevention Fund. The “Don’t Regret the Bet” accountable gaming marketing campaign additionally acquired $3.75 million in funding.
Detroit’s casinos collectively paid $264.8 million in wagering taxes in 2024, including to the $3.91 billion in whole funds made to the town since 1999. Charitable gaming additionally thrived, with Millionaire Parties elevating $5.35 million for Michigan charities from November 2023 to November 2024.
Enforcement and National Recognition
The MGCB bolstered its dedication to regulatory integrity by eradicating 206 unlawful playing machines in 2024 and issuing six cease-and-desist letters. These actions, supported by suggestions from Michigan residents, highlighted the company’s proactive stance towards unlawful gaming operations. The MGCB’s efforts earned nationwide recognition, together with being the primary regulator to safe compliance from Bovada by a cease-and-desist order.
MGCB Executive Director Henry Williams was named 2024 American Gambling Awards Regulator of the Year for his management. Reflecting on the yr’s achievements, Williams stated, “Our success this year reflects the dedication and hard work of our team, as well as the trust and collaboration of the communities we serve. We are committed to ensuring that Michigan’s gaming industry continues to thrive in a responsible and sustainable manner.”
Outlook for 2025
With a powerful basis of 15 licensed operators providing iGaming and 12 offering web sports activities betting, Michigan’s gaming trade is well-positioned for sustained development in 2025. The MGCB stays targeted on making certain regulatory compliance, supporting neighborhood initiatives, and sustaining Michigan’s standing as a pacesetter within the gaming sector.
Source:
”Michigan Gaming Control Board announces significant impact, revenue contributions to state funds in 2024”, michigan.gov, December 17, 2024.
