MI Operators Report $115M In Internet Gaming, Sports Betting

Detroit MI

17 May, 2021

10:04 AM

Description

LANSING, MI — Michigan operators reported more than $115 million in gross internet gaming and sports betting receipts for April, according to the Michigan Gaming Control Board. Internet gaming operators in the state reported $94.85 million in gross receipts for gaming in April, while internet sports better operators received $20.38 in total gross sports better receipts. A total handle of $249.9 million was reported 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," MGCB Executive Director Richard Kalm said. 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, according to the gaming board. The operators delivered about $18.1 million in taxes and payments to the State of Michigan for April. The three Detroit casinos reported city wagering taxes and municipal services fees of $5.4 million for April, including $5.2 million in internet gaming taxes and fees and $186,939 in internet sports better taxes and fees. Tribal operators reported $1.8 million of wagering payments to the tribes' governing bodies, according to the gaming board. From the Jan. 22 launch through April 30, internet gaming adjusted gross receipts totaled $280.3 million and aggregate internet sports betting adjusted gross sports betting receipts were $13.9 million, according to the gaming board.