Combined gaming and sports betting revenue in Michigan reached a total of $218.5 million in February, recent reports reveal. This figure represents a decrease of 4.8% compared to the previous month.
According to the Michigan Gaming Control Board, gross gaming revenues in the state totaled $188 million in February. This value represents an increase compared to the previous month, which registered US$ 181.9 million.
Gross revenues from sports betting, on the other hand, accounted for US$30.5 million, marking a significant drop from the previous month’s US$47.7 million.
Combined adjusted gross revenues from online gaming and sports betting in February were $182.1 million, with $169.2 million coming from online gaming, representing a 3.1% increase from January.
Meanwhile, internet sports betting saw a 31.3% drop, totaling $12.9 million. Compared to February 2023, online gaming AGR increased by 27%, while sports betting increased by 52.7%.
Online sports betting volume was $402.6 million, marking a 30.3% drop from January 2024.
Traders reported sending $34.7 million in taxes and payments to the state of Michigan over the past month.
Additionally, Detroit’s three casinos contributed $9.3 million in gambling taxes and municipal service fees to the city.
Tribal operators also made significant payments totaling $3.9 million to government agencies.
Detroit Casino Trends
The three casinos located in Detroit generated revenue of $104.63 million in January, as reported by the Michigan Gaming Control Board.
Of this, US$104.76 million came from table games and slots. Notably, retail sports betting revenue was negative $124,853.
While table games and slots revenues decreased slightly by 0.2% compared to February 2023, they increased by 11.6% compared to January 2024.
