Better Results for iGaming Than Retail Casinos in Michigan in January

Better Results for iGaming Than Retail Casinos in Michigan in January
Fact Checked by Pat McLoone

The opening calendar month of 2024 provided a mixed bag of results for Michigan’s iGaming and retail casino operators, with a slight month-over-month increase in revenue for the former and a major decline for the latter.

Michigan online casinos  are a rarity in the United States, as it is one of only a handful of states that has approved legislation.

Overall, Michigan’s iGaming operators took in $164,152,065 in total adjusted gross receipts in January, which represented a 0.5% increase from December’s total of $163,267,138.

On the taxation front, iGaming operators in Michigan reported a total of $30,011,440 in January. That was down 12.1% from December’s sum of $34,142,704.

As far as retail casinos were concerned, the results from January were much bleaker across the board, with a 15.7% month-over-month decline in total adjusted gross receipts, to go with a 15.7% drop in tax dollars and an 18.8% decrease in city taxes.

Overall, Michigan retail casinos took in $93,904,688 in total adjusted gross receipts in January, down 15.7% from the $111,396,739 reported in December.  

The state wagering tax bill for January finished up at $7,606,280. Finally, the state wagering tax total in January was $9,023,136.

21+. Physically present in MI/NJ/PA/WV only. Eligibility restrictions apply. Void in ONT. 1 per new customer. Min. $7 deposit req. Max. $77 rewarded in credits for select games that have no cash value, are single-use, non-withdrawable, and expire in 7 days. Gambling problem? Call 1-800-GAMBLER (MI/NJ/PA/WV) or visit www.1800gambler.net (WV).

Sports Betting Handle, Revenue Down

Meanwhile, Michigan sports betting for January reported a total handle of $601,585,142, which was down slightly from December.

However, revenue was down significantly. The January total of 19,299,505 was down 51.7% from December’s $39,941,648.

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Author

Christopher Boan

Christopher Boan is a staff writer for BetMichigan.com. He has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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