March was a record-setting month for online wagering in Michigan. Commercial and tribal operators reported a combined $162.15 million in total gross receipts and gross sports betting receipts for the month. Receipts were up by 11.6% compared with February results.
Michigan online casinos gross receipts climbed again in March, reaching a state record of $131.67 million. The previous record was set a month earlier when total gross receipts reached $122.8 million in February. Gross sports betting receipts totaled $30.48 million in March.
As is traditionally the case, online casinos led the way in Michigan.
For March 2024, online gaming and online sports betting adjusted gross receipts reached $133.24 million. Online casino gaming contributed $118.58 million, with online sports betting accounting for $14.66 million.
Online gaming adjusted gross receipts grew by 7.3% month over month in March. Adjusted gross receipts for online sports betting increased by $18.6 million compared to February.
Looking back a year ago, online gaming adjusted gross receipts rose 33.7%. Online sports betting adjusted gross sports betting receipts fell 22.8%, however.
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Michigan Online Sports Betting Handle Grows In March
Michigan’s online sports betting handle reached $451.6 million in March, an increase of 13.4% over February’s total. Total online sports betting handle at $451.6 million was up 13.4% compared with February results.
Michigan received $24.7 million in taxes and payments in March. Online gaming taxes and fees accounted for $23.9 million. Online sports betting taxes and fees were $805,334.
Detroit’s three casinos paid the city $7 million in wagering taxes and municipal services fees. Online gaming taxes and fees accounted for $6.5 million, with online sports betting taxes and fees accounting for the remaining $499.459.
In addition to the payments by the casinos, tribal operators made $2.7 million in payments in March.
Aggregate online gaming adjusted gross revenues totaled $338.3 million for the first quarter of 2024. Aggregate online sports betting adjusted gross receipts for the first quarter were $29.9 million.
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Retail Sports Betting QAGR Falls In March
Qualified adjusted gross receipts (QAGR) for March dropped by $1.04 million compared to March 2021. QAGR was up $2.8 million compared to February’s results.
Retail sports betting qualified adjusted gross receipts (QAGR) for March fell by $1.04 million compared with March 2021 results. QAGR was up by $2.8 million when compared with February numbers.
March QAGR results by casino were:
The casinos reported a total handle of $26,355,304, and total gross receipts were $1,969,047. The three casinos paid $72,891 in state taxes on retail sports betting and $89,089 in taxes to Detroit.
Through March 31, aggregate retail sports betting QAGR was:
- MGM, $852,039
- MotorCity, $839,588
- Greektown, $1,297,222
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