The Michigan Gaming Control Board (MGCB) has released its latest monthly revenue report revealing that the state’s licensed retail and online gambling operators combined to generate $288.3 million in revenues during the month of November.
Detroit Retail Casino Revenues
The city’s three licensed casinos reported $79.1 million in monthly aggregate revenue during the month of November. Of this figure, table games and slots generated $76 million in revenue while retail sports betting generated $3.1 million.
According to the MGCB report, the retail market shares were as follows:
- MGM – 39%
- MotorCity – 34%
- Greektown – 27%
All three casinos reported a combined 23.9% drop in revenue for table games and slots year-on-year and a 7% decrease compared to October 2023.
- MGM down 34.4% to $30.6 million
- MotorCity down 17.8% to $24.7 million
- Greektown down 10.8% to $20.7 million
Detroit’s casinos paid a combined $6.2 million in gaming taxes to the State of Michigan during October. All three casinos also reported submitting a combined $9.4 million in wagering taxes to the City of Detroit during the same period.
QAGR reported by casino:
- MGM – $230,847
- MotorCity – $2.2 million
- Greektown – $657,535
Online Casinos Set Revenue Record
The state’s 15 tribal and commercial online casino license holders reported a combined $175.3 million in gross gaming receipts from online casino gaming. This was the highest total ever recorded in the state and resulted in adjusted gross receipts of $157.8 million representing an increase of 9.4% when compared to the previous month and up by 20.5% year-on-year.
Internet gaming taxes and fees from MI online casino gaming came to $32.9 million for the month of November.
Sportsbooks Report All-Time Record Handle
Michigan Online Casinos and Sportsbooks Set All-Time Records in November launched in March 2020. So far this year, sportsbooks have handled over $4.1 billion in wagers.Of this figure, $568.8 million came through online sportsbooks. Meanwhile, Detroit’s three casinos reported accepting $15.3 million in sports wagers during the month. Retail sports betting qualified adjusted gross receipts (QAGR) increased by $1.2 million year-on-year.
Combined revenues for both the retail and mobile sectors came to $37 million while the adjusted revenue figure for November came to just $3.3 million. This brings the year-to-date total to $197.3 million.
State taxes for sports betting for the month of November came to $856,825 thanks to an adjusted win percentage of just 0.58%.
Year-to-Date Sports Handle, Revenues & Taxes in Michigan
| Period | Total Handle | Mobile Handle | Mobile Handle % | Sportsbook Revenue | Win % | Adjusted Sportsbook Revenue | Adjusted Win % | State Taxes |
|---|---|---|---|---|---|---|---|---|
| Jan 2023 | $490,904,822 | $475,627,139 | 96.89% | $33,785,629 | 6.88% | $17,845,165 | Michigan Online Casinos and Sportsbooks Set All-Time Records in November$1,182,537 | |
| Feb 2023 | Michigan Online Casinos and Sportsbooks Set All-Time Records in November$344,942,386 | 96.58% | $23,134,729 | 6.48% | $8,911,555 | 2.50% | $600,604 | |
| Mar 2023 | $421,666,037 | $407,727,854 | 96.69% | $46,016,812 | 10.91% | $32,857,411 | 7.79% | Michigan Online Casinos and Sportsbooks Set All-Time Records in November|
| Apr 2023 | Michigan Online Casinos and Sportsbooks Set All-Time Records in November$322,821,968 | 95.47% | $36,275,215 | 10.73% | $24,636,287 | 7.29% | $1,698,048 | |
| May 2023 | $305,275,755 | $288,339,700 | 94.45% | $36,125,966 | 11.83% | $22,906,428 | 7.50% | $1,468,436 |
| Jun 2023 | $235,996,767 | Michigan Online Casinos and Sportsbooks Set All-Time Records in November96.57% | $17,928,415 | 7.60% | $8,840,545 | 3.75% | $557,466 | |
| Jul 2023 | $208,808,123 | $200,844,525 | 96.19% | $22,985,441 | 11.01% | Michigan Online Casinos and Sportsbooks Set All-Time Records in November8.08% | $1,113,274 | |
| Aug 2023 | $228,495,764 | $218,460,119 | 95.61% | $23,480,419 | 10.28% | $16,217,613 | 7.10% | $1,089,345 |
| Sep 2023 | $475,772,391 | $457,695,679 | 96.20% | $45,606,094 | 9.59% | $20,296,038 | 4.27% | $1,310,943 |
| Oct 2023 | $551,127,024 | $533,007,996 | 96.71% | $46,135,708 | 8.37% | $24,605,244 | 4.46% | $1,822,047 |
| Nov 2023 | $584,142,443 | $568,823,683 | 97.38% | $37,043,266 | 6.34% | $3,383,949 | 0.58% | $856,825 |
| Totals | $4,197,478,180 | $4,046,186,485 | 96.25% | $368,517,694 | 9.09% | $197,370,549 | 5.18% | $13,668,549 |
Fantasy Contests
November saw fantasy contest operators report total adjusted revenues of $2.7 million. This resulted in taxes of $229,544.
Michigan Online Casinos and Sportsbooks Set All-Time Records in November
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.