Michigan breaks online gaming revenue record for a fourth consecutive month in January

The Michigan Gaming Control Board announced Tuesday that commercial and tribal operators reported total iGaming and online sports betting revenue of $187.3 million during January, down 7.1% compared to December results. However, the state has posted record online gaming gross receipts for the fourth consecutive month.

iGaming gross receipts for January were a record $153.7 million. The previous monthly record of $152.8 million was set in December 2022. Internet gaming gross receipts rose a fractional 0.6% compared with December receipts. Meanwhile, gross sports betting receipts were $33.6 million compared with $48.8 million reported in December for a 31.1% decrease.

Combined total adjusted internet gaming gross receipts and adjusted internet sports betting gross receipts were $156.17 million in January, falling 7.2% from December receipts of $168.23 million.

Total handle at $475.6 million declined a fractional 0.7% from the $478.7 million total handle reported in December. It was also 4.3% lower than the January 2022 handle of $496.8 million.

Operators delivered $26.1 million in taxes and payments to the State of Michigan in January including internet gaming taxes and payments reaching $24.9 million, and internet sports betting taxes and payments accounting for $1.2 million.

The three Detroit casinos reported to the City of Detroit wagering taxes and municipal services fee payments of $7.5 million in January including internet gaming taxes and fees of $7 million; plus internet sports betting taxes and fees accounting for $533,763

Tribal operators reported paying $2.7 million to governing bodies in January. During the first month of the year, a total of 14 operators offered internet gaming as one tribal operator ceased offering internet gaming in 2022. A total of 15 commercial and tribal operators offered internet sports betting.