DETROIT, March 20, 2023 – Michigan commercial and tribal operators reported combined total gross revenue from internet gaming and internet sports betting of $170.83 million in February. Revenue declined 8.8% compared to January results of $187.33 million.
Internet gambling gross revenue for February was $148.17 million. Internet gaming declined 3.6% compared to Michigan’s reported January gross revenue of $153.69 million.
Sports betting gross revenue was $22.66 million compared to $33.64 million reported in January, down 32.6%.
The combined total adjusted gross revenue from internet gaming and adjusted gross revenue from internet sports betting was $141.73 million, down 9.2% from January’s revenue of $156.17 million.
Adjusted gross revenue for internet gaming was $133.28 million, down 3.7% from January’s revenue of $138.32 million. Monthly adjusted gross revenue for internet gaming was 20.6% higher than adjusted gross revenue in February 2022 of $110.56 million.
Commercial and tribal operators reported a combined $8.45 million in adjusted gross revenue for internet sports betting. That was down 52.6% from January’s total of $17.85 million. Adjusted gross revenue for internet sports betting increased $12.4 million compared to a loss of $3.95 million in February 2022.
For the first two months of 2023, adjusted gross revenue for internet gaming totaled $271.6 million and adjusted gross revenue for internet sports betting was $26.3 million. Michigan operators reported $219.7 million in adjusted gross revenue for internet gaming and $15.2 million in adjusted gross revenue for internet sports for the first two months of 2022.
Total revenue of $344.9 million decreased 27.5% from total revenue of $475.6 million in January 2023. Total sales decreased 13.4% from the $398.4 million reported in February 2022.
February taxes and payments
The operators filed $26.9 million in taxes and payments to the state of Michigan in February, including:
Internet Gaming Taxes and Fees: $26.3 million Internet Sports Betting Taxes and Fees: $583,263
The three Detroit casinos said they paid the city of Detroit $7.3 million in gambling taxes and municipal service fees in February, including:
Internet Gaming Taxes and Fees: $7 million Internet Sports Betting Taxes and Fees: $337,534
Tribal operators reported making payments of $3 million to governing bodies in February.
A distribution table for online gaming and sports betting revenues is available on the agency’s website.
In February, a total of 15 operators offered internet games and internet sports betting. Details of each operator’s internet gaming and internet sports betting results are available on the MGCB website.
“The Michigan Gaming Control Board is designed to ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan.”
