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Record igaming revenue drives growth in Michigan in March


Gross online gambling revenue from commercial and tribal operators in Michigan jumped 33.4% year-on-year in March, helped by record monthly igaming revenue.

Gross receipts for the month from igaming and online sports betting reached $216.4m, up from $162.2m in March 2022 and $170.8m in February of this year.

Of this total, $171.8m came from online casino, a new record for the state surpassing the previous monthly high of $153.7m that was set in January 2023.

Online sports betting generated $44.6m in gross receipts, with players having wagered a total of $426.3m on sports during the month.

Combined total adjusted gross receipts, which also account for promotional spending, was $186.1m, a year-on-year increase of 39.7% and also 31.3% higher than in February.

Online gaming adjusted gross receipts amounted to $154.7m, with sports betting adjusted gross receipts at $31.4m.

Licensed operators paid $33.2m in taxes and payments to the state of Michigan during the month, including $31.3m in igaming taxes and fees and $1.9m for sports betting.

For the first quarter of the calendar year, internet gaming adjusted gross receipts amounted to $426.3m, with online sports betting adjusted gross receipts at $57.7m.

The online figures come after last week it was revealed that gross gambling revenue from the three commercial casinos in Detroit fell 2.9% to $119.2m in March, compared to the $122.8m that the venues achieved in the previous year.

Table games and slots dominated the total, generating $117.8m as opposed to the $1.4m received from retail sports betting.