The seventh month of the year was strong for Michigan online casinos as well as their retail counterparts.
Casinos in Michigan had a slight month-over-month increase in gross receipts and taxes for retail and iGaming operators for July compared to June.
Overall, Michigan’s brick-and-mortar casinos took in $106,734,148 in total adjusted gross handle, up 4.8% from June’s total of $101,881,772.
Michigan Casino Apps Up 1% In July
The state’s iGaming operators fared well during July as well, with $138,225,395 in total adjusted gross receipts, representing a 1% increase from June’s sum of $136,855,933.
July’s total adjusted gross receipts were Michigan’s highest since April’s total of $143,421,386. The tax bill for Michigan casino apps operators was higher than the previous two months as well.
On the tax front, Michigan’s retail casinos had a greater month-over-month impact on the state’s bottom line, with a 4.8% increase in state wagering tax ($8,645,466 for July) and city wagering taxes ($12,701,364).
For Michigan’s iGaming operators, taxes in July were up 1.2%, month-over-month, from $28,369,272 in June to $28,714,020 in July.
Year To Date At Michigan Casinos
Through seven months of the year, Michigan iGaming operators have taken in just under $1 billion in total gross receipts, averaging out to just over $140 million per month for the year. Those operators often offer Michigan gambling promotions.
The same operators have chipped in just under $196.9 million in gaming state tax and $51 million in city taxes through the first seven months of 2023.
Tribal iGaming operators, on the other hand, have chipped in $23.4 million in governing body of jurisdiction payments in 2023, averaging out to around $3.3 million per month.
Sports betting operators that run MI sports betting sites also reported their numbers on Tuesday. Sports wagering handle decreased 11.5% in a month-over-month comparison but revenue almost doubled, rising 90.8% compared to June.