Meanwhile, Michigan\u2019s sports betting receipts for July came to $22.5 million compared to $18.3 million in June.<\/p>\n
The MGCB also breaks down July numbers in combined adjusted gross receipts (AGR) for internet gaming and sports betting, which comes in at $154.6 million. IGaming contributed $138.2 million of that total, with sports betting at $16.4 million.<\/p>\n
The AGR numbers released by the MGCB show an 18% bump in online gaming and a 16.8% increase in mobile sports betting compared to July 2022.<\/p>\n
Total sports betting in Michigan, including online and in-person betting, came in at $208.8 million. There\u2019s been no summer slump for Michigan sports betting apps either, as 96% of bets were placed online. Great Lakes State sports betting apps accepted $200.8 million.<\/p>\n
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FanDuel Sportsbook led the sports betting competition in July, taking in 37% of the total at $73.4 million. That’s the sportsbook\u2019s largest monthly handle so far this year. DraftKings was only slightly down in July. Its online handle totaled 27.5% compared to 29% in June. DraftKings online handle amounted to $55.3 million in July.<\/p>\n<\/div>\n
BetMGM was Michigan’s third most popular sports betting app in July, with $32.9 million in handle.<\/p>\n
The state collected a total of $1.5 million in sports betting taxes in July.<\/p>\n
Land-Based Gaming Increased Too<\/h2>\n The MGCB released a separate report for physical casinos earlier this month. Detroit\u2019s casinos reported a monthly revenue of $107.2 million, with most of that attributed to table games and slots at $106.7 million. Retail sports betting added an additional $477,543 to the total.<\/p>\n
Among the three Detroit casinos, MGM Grand Detroit topped the group with 47%, followed by MotorCity Casino at 29% and Hollywood Casino at Greektown at 24%.<\/strong><\/p>\nIn its August 15 meeting, the MGCB unanimously approved the three authorized Detroit casinos a one-year license renewal.<\/p>\n
“Renewing a casino license reflects an ongoing commitment to operate a reputable and responsible establishment,\u201d MGCB Executive Director Henry Williams said. \u201cIt signifies a dedication to maintaining high standards of quality, security, and fair play within the industry. The renewal of these licenses is validation of the casinos\u2019 commitment to operating as responsible and valued corporate citizens within Michigan that contribute positively to the state\u2019s gambling industry while ensuring a safe and enjoyable experience for all patrons.\u201d<\/p>\n
Licensees are taxed at an 18% rate.<\/p>\n","protected":false},"excerpt":{"rendered":"
July numbers released by the Michigan Gaming Control Board (MGCB) show the state\u2019s gaming industry continues to grow, with Michigan marking a 4% monthly increase in online casino and sports betting revenue. Commercial and tribal operators reported $176.1 million combined gross revenue, according to the MGCB. That tops June\u2019s total of $169.3 million, overcoming a […]<\/p>\n","protected":false},"author":98,"featured_media":286504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810,19,86430,86438,35563,1074],"tags":[81871,81863,81920],"acf":[],"yoast_head":"\n
Michigan iGaming and Sports Betting Surges this Summer - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n