Michigan estabelece novos recordes de apostas esportivas e jogos de azar em novembro
Novo recorde de jogos de apostas em Michigan. (Imagem: Wallpaper Cave)

Gross gaming and sports betting revenues for commercial and tribal operators in Michigan surpassed $284.3 million in November. That’s 35.9% above November last year and 12.1% ahead of October this year, the Michigan Gaming Control Board (MGCB) reported last Tuesday (17).

After accounting for promotional spending, total market adjusted gross revenue for the month was $240.4 million. The number is 51.9% higher than last year and 15.3% higher on a month-to-month basis.

Another new Michigan gambling record

As was the case the previous month, igaming was a highlight for Michigan operators in November. Gross igaming revenues were 28.9% higher year-over-year and surpassed the existing record of $220.7 million in October by 2.4%.

Adjusted gross gaming revenue reached $203.3 million, an increase of 28.8% from last year and 2.4% from October.

BetMGM and MGM Grand Detroit overtook FanDuel and MotorCity Casino to take the market lead in November. The partnership announced $59.7 million in gross igaming revenue and $53.7 million in adjusted revenue.

FanDuel and MotorCity Casino trailed with $57 million in gross revenue and $51.3 million in adjusted revenue. DraftKings and Bay Mills Indian Community rounded out the top 3 with gross revenues of $41.6 million and $37.4 million in adjusted revenues.

Online Sports Betting Registration

Turning to the sports betting market, gross revenues for November were US$58.3 million. This is 72.0% ahead of last year and 76.7% above October.

Adjusted gross revenue from sports betting reached $37.1 million, an increase of about 264.8% from October and well above last year’s $294,810.

In terms of handling, the $650.2 million wagered online during November is a new record for Michigan. It surpasses the previous all-time high of US$613.4 million in December last year by 6%.

Based on gross revenue, the state withholding was 8.97%, and on adjusted gross revenue, the withholding was 5.71%.

FanDuel ahead in Michigan

Looking at operators, FanDuel and MotorCity Casino remain the clear leaders in this market. In November, gross revenues reached US$22.1 million from US$245.6 million in bets for a retention of 9.0%.

DraftKings and Bay Mills Indian Community remain second with $18.4 million of $182.8 million, leaving a 10.07% hold. BetMGM and MGM Grand Detroit were again third with $9.7 million of $93.8 million for a 10.34% retention.

Other standout performers include ESPN Bet and Hollywood Greektown Casino, with gross receipts reaching $2.4 million on a $31.3 handle. Retention was 7.7%.

Fanatics, in partnership with the Lac Vieux Desert Band of Lake Superior Chippewa Indians, followed. Gross revenues of US$4.1 million from a control of US$36.6 million meant a retention of 11.20%.

Operators paid $44.4 million in total taxes and payments. This comprises $42.5 million in igaming taxes and $1.9 million in sports betting. Then another $5.2 million went from tribal operators to government agencies.

Improvements on land after strikes in November 2023

Turning to the land sector, MGCB numbers were significantly higher than last year. But this is due to the strikes that impacted the Michigan market in November 2023.

Total revenue for Detroit’s three commercial casinos was $108.4 million, up 37.0% from last year and up 5.3% from October. The number covers slots and table games and retail sports betting revenue. Gamblers spent US$21.0 million betting on sports at the three casinos.

Thus, MGM had the largest overall market share, with 46%, ahead of MotorCity, with 31%, and the Hollywood Casino in Greektown, with 23%.

Therefore, the casinos paid $8.6 million in gaming taxes to the state and $13.2 million in gambling taxes and development agreement payments to the city of Detroit. Another $72,376 in taxes related to sports betting was sent to the state and $88,460 to the city of Detroit.