Retail Michigan Sports Betting Revenue Up in August Amid Handle Dip

Retail Michigan Sports Betting Revenue Up in August Amid Handle Dip
By Bill Ordine
Fact Checked by Jim Tomlin

The retail figures for sports betting in Michigan in August saw handle drop precipitously from July but the sportsbooks overall enjoyed a lift in revenue.

Meanwhile, Detroit’s three commercial casinos did well month-to-month considering that August had one fewer full weekend than July.

The figures for the online Michigan sportsbooks as well as iGaming have not been reported for August; those will be submitted later in September.

Michigan Retail Sports Betting Breakdown

In sports wagering, the August combined retail sports betting handle was just over $11 million, which was a 41.7% drop from July ($18.86 million).

However, the August revenue (total qualified adjusted gross receipts) was $1.66 million, up 32.2% from July (almost $1.26 million).

The sportsbooks, whether in person or online, undoubtedly will have a spike in all of their numbers for September with regular-season NFL betting in Michigan getting back underway this past weekend.

As for money collected by the government, the August state wagering tax for sports betting was $62,856, up 32.2% from July ($47,561). And the August City of Detroit wagering tax was $76,824, up 32.2% from July ($58,130).

Michigan Casino Revenue Down Slightly

The August financial figures for casinos saw the three Detroit gambling halls realize total adjusted gross receipts of nearly $104.5 million. That was down 1.4% from Michigan July revenue figures ($105.9 million) but, again, July enjoyed one more full weekend that included the Independence Day holiday.

The state saw wagering tax of $8.46 million from the casinos, down 1.4% from July, and the city wagering tax was about $16.54 million, up 31.2% from July.

As a point of comparison, Michigan online gambling outlets recorded $117.2 million in gross receipts for July, with August numbers pending.

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A longtime reporter and editor who began writing on casinos and gaming shortly after Atlantic City’s first gambling halls opened, Bill covered the world Series of Poker and wrote a syndicated column on travel to casino destinations for a decade.

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