From Michigan Gaming Control Board <[email protected]>
Subject [NEWS RELEASE] iGaming, sports betting operators report $284.3M in November revenue, set record with $650.2M in online sports betting handle
Date December 17, 2024 2:40 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 $284.3M in November revenue, set record with $650.2M in online sports betting handle*

DETROIT, Dec. 17, 2024 — Michigan commercial and tribal operators reported a combined $284.3 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in November. Gross receipts increased 12.1% compared to last month.

*Monthly Gross Receipts*
November iGaming gross receipts totaled $226.0 million, the highest to date. The previous high was $220.7 million recorded in October 2024. November gross sports betting receipts totaled $58.3 million, which is an increase from the $33.0 million recorded in October.

*Monthly Adjusted Gross Receipts*
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for November were $240.4 million, including $203.3 million from iGaming and $37.1 million from internet sports betting — representing an iGaming increase of 2.4% and a sports betting increase of $27.2 million when compared to last month. Compared to November 2023, iGaming AGR was up by 28.9% and sports betting was up by $36.8 million.

*Monthly Handle*
Total November internet sports betting handle of $650.2 million was up by 16.0% from the $560.4 million handle recorded in October 2024. November’s handle is the highest online sports betting handle reported to date.

*Monthly State Taxes/Payments*
The operators reported submitting $44.4 million in taxes and payments to the State of Michigan during November, of which:


* iGaming taxes and fees = $42.5 million
* Internet sports betting taxes and fees = $1.9 million

*Monthly City of Detroit Taxes/Payments*
The three Detroit casinos reported paying the City of Detroit $11.2 million in wagering taxes and municipal services fees during November, of which:


* iGaming taxes and fees = $10.6 million
* Internet sports betting taxes and fees = $564,069

*Monthly Tribal Operators’ Payments*
Tribal operators reported making $5.2 million in payments to governing bodies in November.

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

As of November 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 Sports Betting - November 2024.xlsx [ [link removed] ]
* 2024.12.17-PR-iGaming_November_Revenue.pdf [ [link removed] ]
* Internet Gaming - November 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