Total gross online gambling revenue in Michigan reached $229.6m in January, consisting of iGaming and sports betting. This marked a 22.6% increase from the previous year, although it was 5.3% lower than the record set in December at $242.5m. Licensed commercial and tribal iGaming operators contributed to these figures. Gross iGaming revenue saw an 18.4% year-on-year growth, exceeding the $153.7m reported in January 2023 and narrowly surpassing the previous monthly record of $181.4m. On the sports betting front, gross receipts amounted to $47.7m, a 40.7% increase from the same month last year but a 21.9% decrease from December’s $61.1m. Total wagers in January reached $577.4m, a 21.4% rise from the previous year.
Adjusted gross receipts (AGR) for iGaming and sports betting totaled $183.0m in January, with adjusted gross iGaming revenue up 18.7% to $164.2m and adjusted gross sports betting receipts increasing by 5.6% to $18.8m. Licensed operators paid $31.3m in taxes and payments to the State of Michigan during the month, including $30.0m in iGaming taxes and fees and $1.3m for sports betting. Additionally, $8.5m was paid in wagering taxes and municipal services fees to the City of Detroit, with tribal operators also contributing $3.6m to governing bodies.
On the other hand, Detroit’s land-based casino sector experienced a decline in revenue, with the city’s three casinos generating $94.4m in January, an 8.8% decrease from the previous year and an 18.8% drop from December’s total. MGM held the largest market share at 48%, followed by MotorCity at 30% and Hollywood Casino at Greektown at 22%.
