From Michigan Gaming Control Board <[email protected]>
Subject [NEWS RELEASE] iGaming, sports betting operators report $214.1M in June revenue
Date July 18, 2024 6:16 PM
  Links have been removed from this email. Learn more in the FAQ.
  Links have been removed from this email. Learn more in the FAQ.
Having trouble viewing this email? View it as a Web page [ [link removed] ].
Bookmark and Share [ [link removed] ]

MGCB govDelivery Header graphic

*FOR** IMMEDIATE RELEASE
*Contact: [email protected]

*iGaming, sports betting operators report $214.1M in June revenue*

DETROIT, July 18, 2024 ? Michigan commercial and tribal operators reported a combined $214.1 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in June. Gross receipts decreased 10.6% compared to last month.

*Monthly Gross Receipts*
June iGaming gross receipts totaled $183.2 million and gross sports betting receipts totaled $30.9 million. In May, gross sports betting receipts were $198.6 million and gross sports betting receipts were $40.9 million.

*Monthly Adjusted Gross Receipts*
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for June were $136.35 million, including $164.56 million from iGaming and negative ($28.21 million) from internet sports betting ? representing an iGaming decrease of 7.9% and a sports betting decrease of $56.32 million when compared to last month. This $56.32 million decrease was due in part to a $48.2 million free play deduction taken by one of the operators, MGM Grand Detroit / BetMGM, which had not previously been taken.

Compared to a year ago, in June 2023, iGaming AGR was up by 20.2% and sports betting was down by $37.4 million.

*Monthly Handle*
Total June internet sports betting handle at $276.8 million was down by 19.5% from the $343.7 million handle recorded in May 2024.

*Monthly State Taxes/Payments*
The operators reported submitting $35.5 million in taxes and payments to the State of Michigan during June, of which:


* iGaming taxes and fees = $34.4 million
* Internet sports betting taxes and fees = $1.1 million

*Monthly City of Detroit Taxes/Payments*
The three Detroit casinos reported paying the City of Detroit $8.79 million in wagering taxes and municipal services fees during June, of which:


* iGaming taxes and fees = $8.4 million
* Internet sports betting taxes and fees = $391,960

*Monthly Tribal Operators? Payments*
Tribal operators reported making $4.3 million in payments to governing bodies in June.

*Additional Information*
An online gaming and sports betting revenue distribution table [ [link removed] ] is available on the agency?s website.

As of June 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 12 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming. Details for each operator?s internet gaming and internet sports betting results are available on the MGCB website [ [link removed] ].

?

" Gambling in any form is for entertainment purposes only. If you or someone you know may have a gambling problem, contact the National Problem Gambling Helpline at *1-800-GAMBLER*, text 800GAM, or visit ""www.1800gamblerchat.org" [ [link removed] ]". Help is available 24/7 and is free and confidential. Michigan citizens can also visit the ""Responsible Gaming page of the MGCB website" [ [link removed] ]" for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database, and ""DontRegretTheBet.org" [ [link removed] ]" for additional tools to game responsibly."

"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the state of Michigan. Learn more at ""Michigan.gov/MGCB" [ [link removed] ]"."

?


* Internet Gaming - June 2024.xlsx [ [link removed] ]
* 2024.07.18-PR-iGaming_June_Revenue.pdf [ [link removed] ]
* Internet Sports Betting - June 2024.xlsx [ [link removed] ]
________________________________________________________________________

mgcb logo ?Questions?
?Contact Us [ [link removed] ]

STAY CONNECTED: Sign up for email updates [ [link removed] ] ? ? ? ?

SUBSCRIBER SERVICES:
Manage Preferences [ [link removed] ]??|??Unsubscribe All [ [link removed] ]? |? Subscription Help [ [link removed] ]

________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Michigan Gaming Control Board ? 3062 West Grand Boulevard, Suite L-700 ? Detroit, MI 48202-6062 ? (313) 456-4100 ? [ [link removed] ]
Screenshot of the email generated on import

Message Analysis