Football is king; there’s no doubt about that.
On Thursday, Michigan released its sports betting figures for September and the perceived bump the state would get with the beginning of regular-season NFL games and a full month of college football was felt in a big way.
In September, retail Michigan sports betting saw better than a 50% month-to-month increase in combined handle, total qualified adjusted gross receipts and state wagering tax.
On the casino side, Michigan had a slight decrease in adjusted gross receipts compared to August. Detroit’s three casinos also saw a slight dip in total adjusted revenue.
Michigan Retail Sports Betting Breakdown
In sports gambling, Michigan had a combined retail betting handle of just over $18.5 million, which was up 68.9% from August, when the handle narrowly eclipsed $11 million.
Michigan did report another increase in revenue from sports betting, with total qualified adjusted gross receipts netting over $2.5 million, a 56.3% increase from August ($1.6 million), which was a 32.2% increase compared to July.
For money collected by the government, Michigan’s September state wagering tax was $98,257, a 56.3% month-to-month increase from August ($62,856). The September City of Detroit wagering tax had a near similar bump from August, increasing 56.4% to $120,091.
MI sports betting apps took in $218.79 million in August. September numbers will be released later this month.
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Michigan Casino Revenue Dips Once Again
For the third consecutive month, the three Detroit Casinos reported a decrease in revenue (total adjusted gross receipts).
The MGM Grand Detroit, Motorcity Casino and Greektown Casino netted $100.8 million in September, which was down 3.8% compared to August (104.4 million). This marks the third consecutive month with a decline in revenue after the trio of Detroit casinos reported nearly $106 million in revenue in July.
The MGM Grand Detroit ($48,411,612) and Motorcity Casino (31,327,360) each reported a decline in revenue for the second-straight month while the Greektown Casino ($21,079,038) reported declining revenue for the first time since June.
The September state wagering tax for Michigan casinos was just over $8.1 million, a 3.5% drop from August ($8.4 million). The city wagering tax was down 24.5% at $12.4 million, compared to over $16.5 million in August.
Michigan online casino revenue for September will be released later this month. In August, the state’s iGaming adjust gross receipts climbed slightly from the month before.
