Michigan generates $220.9m in July iGaming and sports wagering revenue
IGaming leads the way as the state’s Gaming Control Board reports 3.2% monthly rise in gross receipts.
The Michigan Gaming Control Board has announced that its commercial and tribal iGaming and sports betting operators generated $220.86m of revenue in the month of July.
Gross receipts rose by 3.2% when compared to figures from June, with Michigan’s total iGaming revenue for the month of July settling at $191.44m. Further, gross sports betting receipts in Michigan totaled $29.42m for the month, with total sports betting handle decreasing by 9.6% when compared to figures from June to $250.2m.
Michigan’s combined iGaming and sports wagering total adjusted gross receipts (AGR) for July 2024 reached $189.5m – with iGaming AGR rising by 4.7% when compared to June’s figures. Additionally, iGaming and sports betting AGR increased by 24.7% and 5.2% respectively compared the figures recorded in July 2023.
Operators in the state submitted a total of $37.1m in taxes and payments to the state, $9.11m of which came from the city of Detroit. Last week, the Michigan Gaming Control Board reported that Detroit’s three casinos generated $105.9m in July revenue – with MGM Casino leading the way in market share, which was at 48%, and monthly gaming revenue, which rose by 2.5% to $51.3m.
Over the course of July 2024, tribal operators were also reported to have made a total of $4.5m in payments to state governing bodies.
Recently, BetMGM announced that its new Hybrid Dealer game, MGM Bonus City – which was developed in partnership with Inspired Entertainment – would be launched in the state of Michigan following a successful debut in New Jersey in October.
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