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Michigan’s commercial and tribal operators generated a combined $346.13 million in internet gaming and online sports betting revenue in July, a 1.4% increase from June, according to figures the Michigan Gaming Control Board (MGCB) released Aug. 18.
Online casinos accounted for $302.77 million of the total, and online sports betting contributed $43.36 million.
Fifteen operators are authorized to offer online casinos in Michigan, and 13 of those also offer online sports betting, the board said.
Online casinos, sports betting post year-over-year growth
Combined adjusted gross receipts — revenue after promotional deductions — reached $321.42 million in July. Real-money online casinos contributed $290.65 million of that total, and online sports betting added $30.77 million.
iGaming’s adjusted receipts rose a modest 0.5% from June, while online sports betting’s adjusted receipts jumped 52.7% over the same period. Year over year, adjusted receipts for online casinos climbed 23.6% and online sports betting adjusted receipts grew 28.8%, extending a trend of steady annual growth in Michigan’s online gambling market.
Betting handle dips despite revenue growth in July
Online sports betting handle — the total amount wagered — totaled $355.2 million in July, a 3% decrease from June. Even so, adjusted receipts rose, suggesting operators kept a larger share of the money wagered.
That pattern can occur when bettors win less overall, though changes in betting outcomes, promotional spending and other factors can also affect the numbers. The board’s Aug. 18 release did not offer a specific explanation for the shift.
Operators paid $63.3 million in state taxes
Operators paid $63.3 million in state taxes and fees in July, including $61.2 million tied to online casinos and $2.1 million tied to online sports betting.
According to the MGCB’s Aug. 18 report, Detroit’s three commercial casinos separately paid the city $14.09 million in wagering taxes and municipal services fees — $13.5 million from online casinos and $591,247 from online sports betting. Tribal operators reported an additional $8.4 million in payments to their governing bodies.
State faces new competition from prediction markets
Michigan remains one of the largest regulated online gambling markets in the country, with July’s total up from $341.3 million in June. The market’s growth comes as the state also works to protect its regulatory turf: Michigan is fighting to preserve its oversight and tax revenue as federally regulated prediction-market platforms draw bettors away from state-licensed books, according to Crain’s Detroit Business.
The gaming board publishes a full revenue distribution table and operator-by-operator results on its website. Its next report, covering August, is expected in mid-September.
