In a recent financial breakdown released by the Michigan Gaming Control Board, Michigan's online gaming and sports betting sectors showed a slight downtick in revenue during September. The report revealed combined gross receipts of $302.7 million from internet gaming and internet sports betting, representing a 3.1% dip from August's figures. Specifically, iGaming's piece of the pie came in at $259.1 million, while internet sports betting contributed $43.6 million to the total, as per the Michigan Gaming Control Board.
Moreover, the state of Michigan saw combined adjusted gross receipts hit $256.6 million for September, per the same report. Breaking these numbers down, iGaming accounted for $243.4 million, with a slight 1.5% decrease since August, and internet sports betting fell to $13.2 million, a more drastic 61.3% decrease. A contrast in trajectories from the previous year was noted as iGaming's adjusted gross receipts climbed by 33.5%, whereas sports betting's receipts saw a significant 52.0% year-over-year decline.
The wagering activity, or the total internet sports betting handle, surged to $524.3 million in September, showcasing a substantial 54.7% increase from August when it stood at $338.9 million. This upward trend in betting volume, however, did not translate into higher revenue, indicating a potentially less favorable month for odds makers and operators.
State coffers were bolstered with $51.6 million from taxes and other payments related to online gaming. This financial input comprised primarily of iGaming taxes and fees, amounting to $50.8 million, and a comparatively marginal $768,038 from internet sports betting taxes and fees. On a municipal level, Detroit's three commercial casinos reported a substantial $13.4 million in wagering taxes and municipal services fees, with $13.0 million attributed to iGaming and the remainder stemming from sports betting. Tribal operators also made significant contributions, with payments totaling $6.1 million to their governing bodies.
