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| Published On Oct 21, 2024 8:14 am CEST | By Ricky Grant

Michigan Reports $261 Million in September Gambling Revenue

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The September gambling income data for both sports betting and iGaming have been made public by the Michigan Gaming Control Board (MGCB). With a combined revenue from commercial and tribal operators of $261 million, the state saw excellent growth—a gain of about $50 million over the same period previous year.

iGaming Dominates Revenue

iGaming led the way for Michigan, contributing $202.6 million to the total revenue for September. Meanwhile, sports betting brought in $58.4 million, adding to the overall growth in the state’s gaming industry. The internet sports betting handle reached $501.8 million, approximately $45 million higher than September 2023’s figures. This increase highlights Michigan’s steady rise in online wagering activity.

When it came to adjusted gross receipts (AGR), iGaming accounted for $182.3 million, while sports betting added another $27.6 million. The state collected $39.5 million in taxes from these gaming activities, with iGaming contributing $38.1 million and internet sports betting paying around $1.4 million.

Michigan’s continued success mirrors broader trends across the U.S. Since the Supreme Court’s 2018 decision to repeal the federal ban on sports betting, nearly 40 states, including Michigan, have legalized the activity. Other states like Pennsylvania, New Jersey, and Connecticut also offer iGaming, further expanding the national market.

Ricky Grant

Ricky is a bitcoin enthusiast and understands the significance of cryptocurrencies not just in the iGaming industry but in society. Ricky has a particular interest in the US Casino landscape, and anything related to this. His favorite casino table games are blackjack and baccarat.