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Michigan smashes igaming revenue record again in November


Michigan achieved record igaming revenue for the second consecutive month in November, though the state reported a year-on-year decline in sports betting revenue.

Total online commercial and tribal revenue for November reached $186.3m, up 15.2% from $161.7m in the same month in 2021 but down 2.1% from $190.2m in October 2022, the Michigan Gaming Control Board (MGCB) reported.

Online gaming gross receipts amounted to $145.4m, a 35.1% increase on November 2021 and a total that surpassed the previous monthly record of $141.0m set in October 2022.

However, internet sports betting gross receipts were down 24.6% year-on-year to $40.8m despite a 9.6% increase in handle to $480.0m.

Combined total adjusted gross receipts, which also account for promotional spending, was $156.6m, including $130.0m from igaming and $25.7m from sports betting.

Licensed operators in the state paid $28.7m in taxes and payments to the state of Michigan during October, with $27.1m in igaming taxes and fees and $1.6m from sports wagering.

For the calendar year-to-date, aggregate internet gaming adjusted gross receipts in the 11 months through to the end of November was $1.30bn, while sports betting reached $188.8m.

The results come after the MGCB last month also published figures for the three land-based commercial casinos in Detroit for November 2022.

Combined revenue from the MGM Grand Detroit, MotorCity Casino and Hollywood Casino at Greektown in November was $101.8m, which was 5.9% down from $108.2m in the same month in 2021 and also 1.0% down from $103.4m in October 2022.