Michigan was one of the first few states to open up online gambling. Michigan online casinos and Michigan sports betting opertors account for the Michigan iGaming revenue.
On July 18, 2022, Public Information Officer of the Michigan Gaming Control Board (MGCB) released the monthly report for the iGamign industry. Here is how the Michigan online gambling revenue unfolded in July.
- Michigan commercial and tribal operators posted a combined $148.2 million total gross internet gaming and Michigan sports betting receipts.
- The igaming receipts represent an increas of 8.3% compared to the previous month. The June results were a total of $136.9 million for casinos and online wagering.
- Breakup of data as per casino gaming and MI sports betting: Internet gaming gross receipts for July were $126.6 million. It is up 4.2% from the $121.5 million reported in June, 2022. Gross sports wagering receipts were $21.6 million. It is a 40% increase compared with the month of June.
- Adjusted gross sports betting receipts were $131.2 million. It includes $117.2 million from internet gaming casino sites such as the BetMGM MI, Caesars MI casino, DraftKings, BetRivers, Golden Nugget, and other MI casino apps. Only $14 million is due to online sports betting activity.
- Yearly comparison: July 2022 presents a rosy picture compared to July 2022. The iGaming gross receipts are up 41%.
- Michigan sports betting apps reported a total internet sports betting handle at $206.1 million. This represents a drop of 23.7% when compared with the June handle which was $270 million.
- Taxes and Payments to the State: The state of Michigan received a total of $24.9 million in taxes and payments. MI online casino taxes and fees stood at $24.1 million and sports wagering taxes and fees were only $815,409.
- Tribal casino operators gave $2.7 million in payments to MI governing bodies in the month of July. The State of Michigan has signed Compacts with 12 Native American tribes in the state. As a result, there are 24 Class III Michigan tribal casinos including Gun Lake, Soaring Eagle, Four Winds, and FireKeepers which are also operating online.
The three Detroit casinos paid the City of Detroit $6.9 million in wagering taxes and municipal service fees. Much of it was about internet casino taxing and fees. The Michigan Gaming Control Board has recently voted to renew the licenses of the three Detroit casinos: MGM, MotorCity, and the Hollywood Casino at Greektown.
The state considers a casino license a privilege granted to operators. Integrity, moral character, business probity, and financial soundness are some of the factors the Board examines while granting renewal of licenses.
