Retail Michigan Sports Betting Handle Rises in October, Revenue Down

Retail Michigan Sports Betting Handle Rises in October, Revenue Down
By Christopher Boan
Fact Checked by Jim Tomlin

It was a mixed bag of returns for the various retail sportsbooks and casinos of Michigan during October. 

On the positive side, the Great Lakes State saw a retail Michigan sports betting handle of $23,543,464 during the month — a 26.7% increase month-over-month from the $18,580,437 handle Michigan reported in September, as football season reached full swing and NBA and NHL got underway.

On the flipside, however, were the returns from the state’s casinos during the 10th month of the year, with $100,722,864 in total adjusted gross receipts in October. That was almost identical to September’s $100,818,011 but still down 0.1%.

Here’s a look at where the Michigan retail sports betting and casino numbers broke down overall during the month of October. Numbers for online casino gaming including online slots, roulette, card games and the like have not been released yet for last month.

Sports Betting Figures a Mixed Bag in October

The overall results from October for the retail sports betting spaces in Michigan saw their share of ups and downs. The handle went up, but revenue and taxes fell overall compared to the September Michigan casino revenue report.

That 26.7% increase, in a month-over-month comparison, in the former category didn’t translate to more wagering taxes for the state of Michigan and city of Detroit, with double-digit declines on both fronts. 

Overall, Michigan’s retail sportsbooks saw a 19.4% decline, month-over-month, in state wagering taxes ($79,182, down from $98,257 in September) and city taxes ($96,778, down from $120,091 in September).

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The state’s retail sportsbooks also saw a 19.4% month-over-month decline in total qualified adjusted gross sports betting receipts in September — falling from $2,599,381 in September to $2,094,754 in October.

Michigan Casinos See Small Declines in October

Silver linings were even harder to glean for Michigan’s casinos during the month of October, with a 0.1% decrease in total adjusted gross receipts and similar declines in state and city wagering taxes. Online casino Michigan numbers will be released later this month.

Overall, the state’s $100,722,864 in retail casino adjusted gross receipts was Michigan’s fourth consecutive month of declining revenue figures — from the high point of $106 million in July to $104.4 million in August and $100.8 million in September. 

The taxation figures in Michigan from retail casino play were also down a tad in October, with the state’s share winding up at $8,158,552 for the month — down 0.1% from September’s haul of $8,166,259. 

The city of Detroit took $12,449,991 in wagering taxes during October, a 0.3% decrease from the $12,481,459 the facilities raked in during September.

As the calendar moves toward the chill of Michigan winter, it’ll be interesting to see if retail figures from the state’s casinos climb, or if the freeze applies to handles as well.

In the meantime, GreatLakesStakes.com has Michigan casino promo codes for online play wherever you are in the state.

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Contributors

Christopher Boan has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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