HomePublicationsNewsletter ArchiveVolume 27Issue 17Michigan Operators Report $115.23 Million in April Gross Internet Gaming and Sports Betting Receipts

According to a press release, Michigan internet gaming operators reported $94.85 million in internet gaming gross receipts for April. Internet sports betting operators received $20.38 million in total gross sport betting receipts and reported a total handle of $249.9 million for the month.

“While the sports betting handle dropped 30-plus percent, which we expected the month after March Madness, internet casino gaming adjusted gross receipts held steady with a slight two-tenths of a percent increase in April,” said Richard S. Kalm, MGCB executive director.

Taxes and payments are based on adjusted gross receipts, which were $88.87 million for internet gaming and $10.88 million for internet sports betting during April.  The operators paid approximately $18.1 million in taxes and payments to the State of Michigan for April, with Internet gaming contributing $17.8 million and internet sports betting contributing $312,824. As of April 23, 13 operators were authorized for one or both forms of online wagering. Details for each operator’s internet gaming and internet sports betting results are available in tables published on the MGCB website.

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 $5.4 million to the City of Detroit during April:

  • Internet gaming taxes and fees: $5.2 million
  • Internet sports betting taxes and fees: $186,939

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

From the Jan. 22 launch through April 30, aggregate internet gaming adjusted gross receipts totaled $280.3 million and aggregate internet sports betting adjusted gross sports betting receipts were $13.9 million.

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

 

 

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