Michigan online gambling gross receipts reach $162.2m in March

| By Robert Fletcher
Michigan commercial and tribal operators posted a combined $162.2m (£124.7m/€150.5m) in total gross igaming receipts and sports betting receipts for March.

The total was 27.3% higher than $127.4m in March of last year and also 11.6% higher than $145.3m in February this year.

These increases, the Michigan Gaming Control Board (MGCB) said, were primarily due to a record performance by the state’s igaming sector, where gross receipts were up 38.2% year-on-year to $131.4m.

In terms of online sports betting, gross receipts amounted to $30.5m, which was down 5.6% from $32.3m in March of 2021. However, the MGCB noted that the state’s online handle was 13.4% higher at $451.6m.

Combined total adjusted gross receipts, which account for promotional spending, reached $133.2m, representing a year-on-year increase of 23.7% from $107.7m in March last year.

Online gaming adjusted gross receipts climbed 33.7% to $118.6m, though adjusted gross receipts from sports betting declined 22.8% to $14.7m. 

Operators submitted $24.7m in taxes and payments to the State of Michigan during March including $23.9m in igaming taxes and fees and $805,334 in online sports betting taxes and fees.

Last week it was also revealed that revenue from the three land-based commercial casinos in Detroit, Michigan increased 8.0% year-on-year to $122.9m in March.

It was also announced that Soaring Eagle Gaming, the gaming arm of the Saginaw Chippewa tribe, was authorised to launch igaming and sports betting in the state.

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