February 25, 2024

In October, Michigan’s licensed retail and online gambling operators netted a total revenue of $288.1 million, the Michigan Gaming Control Board (MGCB) revealed.

Detroit’s three licensed casinos garnered $82.8 million in monthly aggregate revenue, with the bulk ($81.7 million) coming from table games and slots, and a smaller portion ($1.1 million) from retail sports betting. The MGCB report detailed the retail market shares for the month, with MGM at 46%, MotorCity at 31%, and Greektown at 23%.

Overall, the city’s casinos saw an 18.9% decrease in revenue for table games and slots compared to the previous year, and an 18.3% drop compared to September 2023. Detroit’s casinos paid $6.6 million in gaming taxes to the state, and a combined $10.1 million in wagering taxes to the city.

Online casino gaming by the state’s 15 tribal and commercial license holders raked in a collective $160.3 million in gross gaming receipts. This translated to adjusted gross receipts of $144.2 million, a 3.7% decrease from the previous month, but a 13.9% increase from the previous year. October saw internet gaming taxes and fees from casino gaming amounting to $30.1 million.

The state’s mobile and retail sports betting operators reported a total of over $551.1 million in wagers for October, marking the highest sports betting handle since its launch in March 2020. Specifically, Detroit’s three casinos accepted $18.1 million in sports wagers during the month. Combined, the sector’s revenues reached $46.1 million for October, with state taxes for sports betting amounting to $1.8 million.

Fantasy contest operators reported adjusted revenues of $2.1 million for September, contributing $178,346 in taxes. Their year-to-date revenue totaled $16.8 million, with the state collecting $1.4 million in taxes.

Year-to-date sports handle, revenues, and taxes in Michigan altogether showcase a thriving gambling industry.