HomePublicationsNewsletter ArchiveVolume 27Issue 28Michigan Operators Report $113.1 Million in August Gross Internet Gaming and Sports Betting Receipts

According to a press release, Michigan internet gaming operators reported $97.2 million in internet gaming gross receipts for August, producing the highest monthly total since the January launch by surpassing March’s $95.1 million total. Internet sports betting operators received $15.9 million in total gross sport betting receipts and reported a total handle of $192.3 million for the month for a 2.3 percent increase from July results.

Taxes and payments are based on adjusted gross receipts, which were $87.6 million for internet gaming and $7.5 million for internet sports betting during August. The operators delivered more than  $18.4 million in taxes and payments to the State of Michigan for July, with internet gaming contributing $17.9 million and internet sports betting contributing $540,706.

During August, internet gaming adjusted gross receipts increased 5.4% month-over-month.

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 city wagering taxes and municipal service fees of $5.1 million for:

  • Internet gaming taxes and fees: $4.9 million
  • Internet sports betting taxes and fees: $216,699

Tribal operators reported making total payments of $2 million of wagering payment to the tribes’ governing bodies according to the MGCB.

From the Jan. 22 launch through August 31, aggregate internet gaming adjusted gross receipts totaled $606.3 million and aggregate internet sports betting adjusted gross sports betting receipts were $60.5 million.

In August, DraftKings overtook FanDuel with the highest total handle for sports wagering of any platform provider.

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

During August, 14 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.

 

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