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.