Michigan sports betting revenue hits $4.4m in September

Michigan’s land-based sportsbooks saw a month-on-month increase in sports betting revenue in September.

According to the latest figures from the Michigan Gaming Control Board (MGCB), sports betting revenue hit $4.4m in September, the first full month of sports betting in the state.

While land-based sports betting went live in the state on 11 March, the state’s venues were forced to close days later due to restrictions implemented to slow the spread of the coronavirus. Michigan’s casinos were given the green light to reopen on 5 August.

However, due to ongoing coronavirus measures, Michigan’s casinos are restricted to operating at 15% of their fire code capacity.

During the first month of legal and regulated sports wagering in Michigan, the state’s land-based sportsbooks generated $105,548 in revenue.

Breaking down the figures

According to the MGCB figures, qualified adjusted gross receipts, which is gross receipts minus the monetary value of free play incentives provided to and wagered by players, amounted to $4.4m in September.

The MGM Grand Detroit continued to dominate the sports betting vertical with $2.1m in adjusted gross receipts. 

The MotorCity casino followed behind with $1.6m and the Greektown venues came in third place with $722,509 in adjusted gross receipts.

In total, the sportsbook operators paid a total of $165,428 in land-based sports betting taxes to the state in September, along with $202,190 in sports betting taxes to the City of Detroit.

Sports betting in Michigan

On 20 December 2019, Governor Gretchen Whitmer signed three pieces of legislation into law that would legalise mobile and online casino gambling; online, mobile and land-based sports betting; and daily fantasy sports contests in the state.

Michigan’s sports wagering market went live on March 11 with the opening of sportsbooks at Penn National Gaming’s Greektown Casino and the MGM Grand Detroit. Online and mobile sports wagering has yet to go live in the state of Michigan.

While online casino and sports betting are now legal in the state of Michigan, there is still no timeline for launch in the state.

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