Monthly Gross Receipts
Michigan iGaming, Sports Betting Operators Report $293.5M in March RevenueMonthly Adjusted Gross Receipts
Combined adjusted gross receipts (AGR) for iGaming and internet sports betting reached $260.7 million in March. Of that total, $246.1 million came from iGaming, and $14.6 million came from internet sports betting.
This marks a 17.7% increase in iGaming AGR and a 46.4% decrease in sports betting AGR compared to February. Although iGaming climbed 26.5% year-over-year, sports betting AGR dropped 45.3% compared to March 2024.
Monthly Handle
The total online sports betting handle was $475.1 million in March, a 25.1% increase from the $379.8 million recorded in February. Monthly state taxes and payments operators reported $51.4 million in state taxes and payments in March, including:
- iGaming taxes and fees: $50.5 million
- Internet sports betting taxes and fees: $874,052
Michigan Gaming Regulator Is Taking Action Against Unlicensed Operators
Michigan iGaming, Sports Betting Operators Report $293.5M in March RevenueMichigan is among the dozen-or-so states that’s cracking down on unregulated sweepstakes casinos, offshore sportsbooks, and sports prediction markets. More than 20 offshore gambling sites have been banned recently.
Last week, the MGCB opened a series of investigations into unlicensed sports prediction markets operating within the state. These unlicensed wagering platforms impact consumer protection and “may jeopardize the integrity of Michigan’s legal sports betting system.”
Sports prediction markets allow users to trade their predictions on the outcomes of sports events via contracts. These exchange-traded markets are available on platforms like ForecastEx2, Kalshi, Polymarket, and PredictIt.
