HomePublicationsNewsletter ArchiveVolume 27Issue 7INTERNET GAMING AND SPORTS BETTING OPERATORS REPORT $42.7 MILLION IN JANUARY GROSS RECEIPTS

Internet gaming and internet sports betting operators reported $42.7 million in gross receipts for the first ten days of operation following the initial launch from January 22 to January 31, according to a press release. Internet gaming receipts were $29.4 million, while internet sports betting receipts were $13.3 million with a total reported handle of $115.2 million.

"Internet gaming operators are off to a good start in Michigan," said Rick Kalm, Executive Director of the Michigan Gaming Control Board ("MGCB"). "The taxes and payments from online gaming will provide funding for K-12 students, the city of Detroit and Michigan tribal communities."

In total, internet gaming and sports betting operators reported $4.4 million in taxes and payments to the State of Michigan during January. Internet gaming operators paid $4.3 million in taxes and payments, while internet sports betting operators paid $111,696. 

The State receives 70% of the total tax from commercial operators and 80% of the total payment from tribal operators for internet gaming. The tax and payment rate ranges from 20% to 28% depending on annual adjusted gross receipts.

For internet sports betting, commercial operators pay 70% of the 8.4% tax rate to the State of Michigan, and 30% to the City of Detroit. Tribal operators pay 8.4% to the State on adjusted gross sports betting receipts. 

The Detroit casinos - MGM Grand Detroit, MotorCity Casino, and Greektown Casino - reported City of Detroit wagering taxes and municipal service fees of $1,379,073 for the month of January, with internet gaming reporting $1,315,049 in taxes and fees, and internet sports betting reporting $64,024. Tribal operators reported $428,615 of wagering payments to the tribal governing bodies.

A revenue distribution table is available on the MGCB website here.

 

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