Allen Lopez
Record-breaking Month For Michigan Gaming Industry
Record-breaking iGaming receipts and a surge in sports betting revenue drive Michigan’s gaming market to its highest monthly total for 2024.
Key points:
- November iGaming receipts reached a record $226.0m, surpassing October’s $220.7m
- Sports betting receipts rose sharply by 83%, totalling $58.3m for the month
- Combined state taxes and fees from iGaming and sports betting reached $44.4m in November
Strong Growth In IGaming And Sports Betting Revenue
Michigan’s regulated gaming market recorded $284.3m іn combined iGaming and internet sports betting revenue for November, a 12.1% increase month-on-month. This figure represents the state’s highest monthly total for 2024, driven by record-setting iGaming receipts and significant growth іn sports betting.
iGaming gross receipts hit $226.0m, representing a 2.4% increase. Adjusted gross receipts (AGR) for iGaming rose by 2.4% to $203.3m.
Sports Betting Surge Marks Milestone Month
Sports betting receipts rebounded strongly, increasing by 83% to $58.3m. The total sports betting handle reached $650.2m, up 16.0% and marking the highest handle recorded since the market’s inception. Sports betting AGR also climbed significantly to $37.1m, marking a 274% increase.
Significant Tax Contributions From Operators
Michigan operators collectively submitted $44.4m in taxes and fees to the state, with iGaming contributing $42.5m and internet sports betting adding $1.9m.
Detroit’s three active casinos reported $11.2m in municipal taxes and fees, with $10.6m derived from iGaming and $564,069 from sports betting. Tribal operators paid an additional $5.2m to governing bodies during November.
Building On October’s Momentum
These results build on October’s performance, which saw $253.7m in combined gaming revenue.
