Michigan reports $209M in iGaming and sports betting revenue, driven by record online casino performance

Michigan’s commercial and tribal operators collectively generated $209.2 million in iGaming gross receipts and sports betting gross receipts in November, representing a 1.9% increase compared to October. 

The surge was driven by iGaming, which reported record gross receipts totaling $175.3 million, surpassing the previous high of $171.8 million in March 2023, according to the latest report from the Michigan Gaming Control Board. On the other hand, sports betting witnessed a dip of $11.1 million from October, reaching $33.9 million in November.

In November, iGaming and internet sports betting in Michigan reported combined adjusted gross receipts (AGR) of $158.1 million. iGaming surged by 9.4%, reaching $157.8 million, while sports betting experienced a 98.7% decrease compared to October 2023, amounting to $294,810 in November. On a year-on-year basis, iGaming AGR rose by 20.5%, while sports betting saw a sharp decline of 98.9%.

Michigan also set a new record for the highest internet sports betting handle to date, with $568.8 million in November— a 6.7% increase from the $533 million recorded in October.

It’s a bull run for the state’s coffers as well. Michigan amassed $33.6 million in taxes and payments from operators in November, with the lion’s share of $32.9 million coming from iGaming. Sports betting contributed $740,056 in November. The three casinos in Detroit City played a substantial role, paying a total of $8.2 million in Internet gaming taxes and fees.

With the latest report, Michigan’s online casinos are on pace to set a new record for gross revenue over an entire fiscal year, with the $807.8 million total up 16.7% from the first five months of FY2022-23.