The Michigan Gaming Control Board has released its latest monthly revenue report on internet gaming and sports wagering revealing that operators reported $89.2M in internet gaming gross receipts and a mobile sports betting handle of $235.1M for the month of June.
The latest figures mean that the state’s operators have posted a combined retail and mobile sports betting handle of $259.47M for the month of June as total wagers received grew by almost $2M on May’s handle.
Mobile sports betting operators reported adjusted gross revenue (AGR) of $16.8M for the month while retail sportsbooks reported AGR of $9.8M. This resulted in $1,542,727 is sports wagering taxes for the state.
Meanwhile internet gaming operators reported AGR of $66.2M for the month resulting in $13.7M in state taxes.
Speaking following the release of the latest revenue figure, Henry Williams, Michigan Gaming Control Board executive director said:
“Michigan’s gross internet casino gaming and online sports betting wagering receipts in June roughly matched May. Summer is here, and Michigan is reopening after the pandemic restrictions so there are many entertainment opportunities. The slight tenth of a percent decline from May to June shows internet gaming and online sports betting continues to draw Michigan residents’ and visitors’ interest.”
June’s figures bring Michigan’s total sports betting handle for 2021 to $1.53B while internet gaming adjusted gross receipts for the same period now sit at $435.6M.
Image credit: Stef Lewansowski / CC BY-NC 2.0
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.