Bettors in Michigan staked $463.3m during October, setting a new monthly record, while combined online betting and gaming gross revenue also hit new heights.
Gross revenue across online casino and sportsbooks climbed 6.3% month-over-month to $134.0m, according to new Michigan Gaming Control Board figures. This comprised $109.7m from tribal and commercial igaming, beating the record set in September 2021, and $24.3m from online betting.
After adjustments for free-play incentives awarded to players, however, revenue across both verticals was slightly lower, at $103.6m. This still marked a 92.3% improvement on September.
Looking at online sports betting, the $463.3m handle represented a 30.8% rise from September’s $359.5m. Net revenue of $4.7m was significantly higher, after adjustments whittled the prior month’s figure to just $17,399.
Turning to online casino, combined tribal and commercial gross receipts were up 7.1% month-over-month to set a new record. After adjustments, revenue came to $98.9m.
This means that since the launch of online betting and gaming on January 22, adjusted gross revenue for online casino has reached $797.5m, with a further $65.2m from sportsbooks.
Operators paid a total of $20.8m in taxes and payments during the month, including $20.3m related to igaming activities and $552,907 for sports betting.
Commercial operators are required to pay 70% of the 8.4% sports betting tax to the state and 30% to the city of Detroit, while tribal operators make an 8.4% payment to the state on adjusted gross sports betting receipts.
This saw Detroit’s three commercial casinos – MGM Grand Detroit, MotorCity Casino and Penn National’s Greektown Casino Hotel – pay $5.5m in online gambling taxes and fees, and a further $354,113 for sports betting activities. Tribal operators, meanwhile, paid $2.3m to tribal governing bodies.
Last week, the MGCB reported a 12.5% year-on-year rise in revenue for Detroit’s three commercial casinos in October. Revenue for the month came to $114.1m, though this included a significant drop in retail wagering’s contribution.