Michigan iGaming and sports betting revenue for November
19 Dec 2023
November iGaming gross receipts totaled $175.3 million, the highest to date. The previous high was $171.8 million recorded in March 2023. Gross sports betting receipts for November totaled $33.9 million. Last month, iGaming gross receipts were $160.3 million and gross sports betting receipts were $45 million.
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for November were $158.1 million, including $157.8 million from iGaming and $294,810 from internet sports betting — representing an iGaming increase of 9.4% and a 98.7% decrease for sports betting when compared to October 2023. Compared to November 2022 reported revenues, iGaming AGR was up by 20.5% and sports betting was down by 98.9%.
Total internet sports betting handle at $568.8 million was up by 6.7% from the $533 million handle recorded in October 2023. This is the highest internet sports betting handle to date.
The operators reported submitting $33.6 million in taxes and payments to the State of Michigan during November, including:
- Internet gaming taxes and fees: $32.9 million
- Internet sports betting taxes and fees: $740,056
The three Detroit casinos reported paying the City of Detroit $8.4 million in wagering taxes and municipal services fees during November, including:
- Internet gaming taxes and fees: $8.2 million
- Internet sports betting taxes and fees: $180,872
Tribal operators reported making $4.1 million in payments to governing bodies in November.
An online gaming and sports betting revenue distribution table is available on the agency’s website.
As of November, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 14 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.