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Michigan online gambling revenue reaches $170.8m in February


Online gambling revenue in Michigan increased 17.6% year-on-year in February, though the US state experienced a month-on-month decline.

Total gross receipts from commercial and tribal operators across igaming and online sports betting for the month amounted to $170.8m, which was up from $145.3m in February 2022 but 8.8% behind $187.3m in January this year.

Some $148.2m of this came from online casino activities, up 2.3% on the previous year but 3.6% lower than January.

Sports betting accounted for $22.6m of the monthly gross receipts total, up marginally from $22.5m in February 2022 but a decline of 32.4% from $33.6m in January this year. Wagering handle was down 13.4% year-on-year to $344.9m.

Combined total adjusted gross receipts, which also account for promotional spending, was $141.7m, representing a year-on-year increase of 32.9% but a month-on-month decline of 9.2%.

Online gaming adjusted gross receipts amounted to $133.3m, with sports betting adjusted gross receipts at $8.5m.

Licensed operators paid $26.9m in taxes and payments to the state of Michigan during October, comprising $26.3m in igaming taxes and fees and $583,263 from sports betting.

For the first two months of the calendar year, internet gaming adjusted gross receipts stood at $271.6m, with online sports betting adjusted gross receipts at $26.3m.