Michigan saw a healthy bump in iGaming gross receipts in December from the previous month, and also saw a jump in adjusted sports betting gross gaming revenue despite some flat numbers in other sports betting financial categories.
For December, Michigan’s total adjusted gross receipts for iGaming were $152.77 million, up 16.7% from November ($130.91 million).
That increase in iGaming gross receipts helped yield an increase in Michigan state taxes, with iGaming generating $28.54 million in state taxes in December, up 5.3% from November ($27.11 million).
Michigan sports betting handle dropped less than a percent, although there were significant gains in revenue.
Michigan Sports Betting, December vs. November
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December Sports Betting Handle Slips Slightly
For Michigan sports wagering, December’s total sports betting handle of $494.82 million was down slightly, .66% from November ($498.12 million).
The handle for Michigan sports betting apps of $478.74 million was down .36% from November ($479.98 million), and the December retail sports betting handle of $16.1 million was down 11.3% from November ($18.14 million).
However, December’s total adjusted sports betting gross gaming revenue of almost $32.4 million (about $30.76 million online, and $1.64 million retail), was up 17.7% from November ($27.52 million).
As a result, December’s total sports betting state tax of about $1.94 million ($1.88 online, and $61,878 retail), was up 18.2% from November ($1.64 million).
FanDuel Sportsbook Michigan, which is partnered with Detroit’s MotorCity Casino, was the leading operator in December handle at $146.1 million, down from $154.2 million in November.
Detroit Casinos See Bump in December
The adjusted gross receipts for the three Detroit casinos climbed in December. The casinos earned $108,273,576, up 8.4% from November ($99,924,009).
The state’s wagering tax was $8,770,160, also up 8.4% from November ($8,093,845), while the city of Detroit brought in $13,414,183, up 8.5% from November.