HomePublicationsNewsletter ArchiveVolume 27Issue 10INTERNET GAMING AND SPORTS BETTING OPERATORS REPORT $89.2 MILLION IN FEBRUARY GROSS RECEIPTS

According to a press release, Michigan internet gaming and sports betting operators reported $89.2 million in gross receipts for February 2021, the first full month of operation after launch on January 22. Twelve operators were authorized for internet gaming or internet sports betting (or both) during the month of February.

In total, internet gaming gross receipts were $79.7 million. The full report of internet gaming revenue broken down by operator may be found here. Internet sports betting gross receipts were $9.5 million, with a total handle of $301.9 million. The revenue report of internet sports betting broken down by operator may be found here.

"Michigan residents and visitors continued to show strong interest in internet gaming and sports betting during a snowy and cold February," said Michigan Gaming Control Board ("MGCB") Executive Director Rick Kalm. "The internet gaming taxes more than tripled, but that's what we expected with a full month of gaming. This means more funding for the City of Detroit, K-12 education, economic development and tribal communities."

The operators paid a total of $14.1 million in taxes and payments to the State of Michigan during February, with internet gaming contributing $14 million and internet sports betting contributing $142,240.

For internet gaming, the State of Michigan receives 70% of the total tax from commercial operators and 80% of the total payment from tribal operators. The tax and payment rate ranges from 20% to 28% based 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 an 8.4% tax on adjusted gross receipts to the State of Michigan.

The three Detroit casinos - MotorCity Casino, MGM Grand Detroit, and Greektown Casino - reported paying wagering taxes and municipal services fees of $4,394,176 to the City of Detroit during February:

  • Internet gaming taxes and fees: $4,303,875
  • Internet sports betting taxes and fees: $90,301

Tribal operators reported making total payments of $1,336,633 to the tribes' governing bodies.

A revenue distribution table may be found here.

 

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