Michigan reported $187.3m in internet gaming revenue for January, a decrease of 7.1% from December, while also reporting record online gaming gross receipts for the fourth consecutive month.
The internet gaming revenue consists of combined online gaming and sports betting revenues for the month.
December’s total revenue was $201.6m.
For online gaming gross receipts alone, Michigan set a new record, with revenue totaling at $153.7m. This beat out the previous record of $152.8m set in December 2022, rising by 0.6%.
Sports betting gross receipts made up the remaining amount, at $33.6m. This was a significant decrease of 31.1% month-on-month.
The combined total adjusted receipts – which account for promotional spending – came to $156.1m during the month. This was down by 7.2% from the $168.2m total in December.
Adjusted gross receipts for online gaming came to $138.3m, just 0.6% higher than the $137.5m total in December. However, this was up by 26.7% compared to January 2022, when the total was $109.2m.
Elsewhere, commercial and tribal operators reported $17.8m in adjusted online sports betting receipts, a fall of 42% in December. This was also down year-on-year by 6.9%.
Handle for the month was $475.6m, which fell by just 0.7% from December.
Taxes and payments
In January, operators in Michigan generated $26.1m in taxes and payments for the state of Michigan. This consisted of $24.9m from online gaming and $1.2m from sports betting.
The three Detroit casinos – MGM Grand Detroit, MotorCity Detroit and Hollywood Casino – reported $7.5m in wagering taxes and municipal services fee payments throughout the month. This was made up of $7m from online gaming and $533,763 from sports betting.
The tribal operators also paid $2.7m to governing bodies during the month.