Michigan’s Gaming Revenue Sees Moderate Growth in July

The Michigan Gaming Control Board has released the latest figures for online gaming and sports betting, showing a modest increase in gross gaming receipts (GGR) for July. The state recorded a total of $220.9 million in GGR from both iGaming and sports betting, reflecting a 3.2% rise from the previous month.

iGaming and Sports Betting Results

In July, Michigan’s iGaming sector generated $191.4 million in gross receipts, marking a notable $8 million increase from June. However, sports betting saw a slight decline, with gross receipts falling to $29.4 million, down nearly $1 million from the previous month.

The state’s internet sports betting handle for July amounted to $250.2 million, representing a 9.6% drop from June. Despite this decrease, adjusted gross receipts (AGR) for iGaming and internet sports betting totaled $189.5 million. iGaming contributed $172.3 million to this total, while sports betting added $17.2 million.

Year-over-year, iGaming AGR surged by 24.7%, and internet sports betting AGR saw a 5.2% increase. These numbers highlight the continued growth in Michigan’s online gambling market.

In terms of state taxes, Michigan’s gaming operators reported $37.1 million in contributions for July. Of this, iGaming accounted for $36 million in taxes and fees, with internet sports betting contributing an additional $1.1 million. Tribal operators also made significant payments, totaling approximately $4.5 million.

Additionally, the Michigan Gaming Control Board’s report on the Detroit casinos revealed that the three establishments combined for $105.9 million in revenue for July. Notably, MGM Grand Detroit was the only casino to report a revenue increase, reaching nearly $51.3 million for the month.

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