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CODE: SBRMichigan Online Gaming Generates Over $264 Million in Revenue for December
Last updated: January 22, 2025 4:13 PM EST • 3 min read X Social Google News Link
Michigan is home to many of the best sports betting sites, and residents have plenty of access to real-money online casinos, but the results from each was a bit mixed in December.
The Michigan Gaming Control Board has released its gaming revenue report for December 2024, revealing that commercial and tribal gaming operators generated $264.2 million in gross receipts. This is a 7.1% decrease from November's receipts.
Gross receipts for Michigan online casinos were up month-on-month in December, totaling $244 million and breaking the previous record from November. Meanwhile, Michigan sports betting decreased from $58.3 million in November to $20.2 million in December.
For December, the combined adjusted gross receipts (AGR) of iGaming and internet sports was $219.9 million. Of this, iGaming AGR made up $219.6 million, an increase of 8.0% compared to November. Internet sports betting decreased by 99.3%, making up $267,881 of the total $219.9 million. Compared to reported revenues from last December, iGaming AGR increased by 34.5%, while sports betting decreased by 99.2%.
The monthly Michigan sports betting apps handle was $597.7 million in December, a decrease of 8.1% from November when it hit $650.2 million.
Tax contributions
Throughout December, the operators within Michigan reportedly submitted $46.1 million in taxes and payments. IGaming made up $45.9 million, while internet sports betting made up $214,291.
In addition, the three casinos in Detroit submitted $11.4 million in wagering taxes and municipal services fees to the City of Detroit. Because internet sports betting AGR was reported as negative, resulting in no tax liability, the $11.4 million came from iGaming.
In December, the tribal operators also added $5.7 million in payments to Michigan’s governing bodies.
In Michigan, a set percentage of tax revenue from iGaming and internet sports betting goes to predetermined bodies. The greatest percentage goes to the Internet Gaming Fund, a pool that supports multiple other funds.
Ending 2024 on a high
Michigan’s commercial and tribal operators reported a combined $2.9 billion annual gross receipts in 2024 from iGaming and internet sports betting; $2.4 billion came from iGaming, while $460.5 million came from internet sports betting. The combined value represents a 23.8% increase over last year as residents continue to take advantage of Michigan sportsbook promos and Michigan online casino no-deposit bonuses.
The combined annual AGR was reported to be $2.4 billion, of which $2.2 billion came from iGaming and $194.4 million from internet sports betting. This shows a 22.3% increase from last year. The total annual handle in 2024 was $5.3 billion.
In 2024, operators paid a total of $466.1 million in taxes and payments to the State of Michigan. Of this, $451.4 million came from iGaming taxes and fees, while internet sports totaled $14.7 million.
In 2024, the City of Detroit paid $118.86 million in wagering taxes and municipal fees from Detroit’s three casinos. iGaming taxes and fees made up $113.42 million, and internet sports betting the remaining $5.44 million.
Tribal operators, meanwhile, reported submitting $55.3 million to governing bodies in Michigan across 2024.
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