HomePublicationsNewsletter ArchiveVolume 27Issue 13Internet Gaming and Sports Betting Operators Report $127.4 Million in March Gross Receipts

According to a press release, Michigan internet gaming and sports betting operators reported $127.4 million in gross receipts for March 2021. Twelve operators conducted licensed internet gaming, and/or internet betting operation during the month of March.

In total, internet gaming gross receipts were $95.1 million. Internet sports betting operators received $32.3 million in total gross sports betting receipts, with a total handle of $359.5 million for March. The full report of internet gaming revenue broken down by operator may be found here. Internet sports betting broken down by operator may be found here.

“It looks like March Madness added a bounce to the sports betting handle, which jumped 19.1 percent from February, and internet gaming seemed to increase in popularity with monthly adjusted gross receipts going up 18 percent from February,” said Richard S. Kalm, Executive Director of The Michigan Gaming Control Board (“MGCB”). “This led to increases in taxes and payments, which means more funding for the City of Detroit, K-12 education, economic development and tribal communities.”

The operators paid a total of $17.8 million in taxes and payments to the State of Michigan for the month of March, with Internet gaming contributing $17.3 million and internet sports betting contributing $535,930.

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

For internet sports betting, commercial operators pay 70% of the 8.4% tax to the state and 30% to the city of Detroit. Tribal operators make an 8.4% payment 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 service fees of $5.2 million to the City of Detroit during March:

  • Internet gaming taxes and fees: $4.9 million
  • Internet sports betting taxes and fees:  $326,462

Tribal operators reported making total payments of $1.8 million to the tribes’ governing bodies, according to the MGCB.

An online gaming and sports betting revenue distribution table is available on the agency’s website.

 

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