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Michigan records tumble in November as betting revenue reaches $54.1m


Michigan set a number of new records in November, with the state’s online sports wagering handle and gross betting receipts reaching new monthly highs.

Consumers wagered a total of $437.8m online on sports during the month, up 2.3% from the previous record of $463.3m set in October of this year.

Gross monthly sports betting revenue also reached a new high of $54.1m, surpassing the previous monthly record of $32.3m in March this year by 67.7%.

Turning to igaming, internet gaming gross receipts amounted to $107.6m in November, just 1.9% short of the monthly record of $109.7m reported in October 2021.

Combined online casino gaming and sports betting gross receipts amounted to $161.7m, an increase of 20.7% on October’s results.

When adjusted to include deductions for the monetary value of free bets provided to and wagered by players, total adjusted gross receipts across sports wagering and igaming hit $130.8m, an increase of 23.6% from October.

Adjusted gross receipts for online sports betting amounted to $34.5m, and online casino $96.3m.

Since legal online sports betting and casino gaming launched in Michigan on January 22 this year, adjusted gross sports betting receipts totalled $99.7m, and igaming adjusted gross receipts $893.8m.

Looking at taxed and operators delivered $21.4m in online taxes and payments to the state of Michigan, including $19.8m from igaming and $1.6m in sports betting taxes.

In addition, Detroit’s three commercial casinos – MGM Grand Detroit, MotorCity Casino and Penn National’s Greektown Casino Hotel – paid $6.2m to the City of Detroit, including