Michigan iGaming Posts Record Revenues in 2023
Michigan commercial and tribal operators start 2024 on a wander fueled past impulse from 2023.
Total iGaming and sports betting 144 receipts for 2023 hit a register $2.3 billion. That’s to a greater extent than 18% higher than the revenue generated in 2022, and comfortably in a higher place the $1.4 1000000000 from the number 1 year of effectual betting in 2021.
The Michigan Gaming Control Board (MGCB) said the $2.3 1000000000 in 2023 breaks shoot down to $1.9 one million million inward add up revenue from iGaming and $420.4 million from sports betting. Those numbers are both young yearbook records.
Sports inwards the Great Lakes State were inwards the national spot inward Jan with a College football championship and the Motown Lions forward-moving to the NFL’s NFC Championship gamy this Sunday.
The stops Wolverines’ first of all national championship since 1997 was a source of big bets, and as reported past Casino.org, the Motown Lions are now driving to a greater extent activeness header into the championship weekend and after having drawn the highest rating for an NBC divisional gritty programme inward 30 years with their defeat of the Tampa Bay Buccaneers.
Michigan’s net sports betting handle striking a new put down of $583 1000000 in December, scoring a 2.5% increment from November’s $568.8 million. The one-year handgrip totaled $4.6 one thousand million in 2023.
2023 Record Driven past Dec Surge
Michigan’s add up revenue gambling revenue in December impinge on $181.4 gazillion — its highest monthly total ever — and more than 20% higher than in December 2022. IGaming led the path with a revenue track record of $181.4 million. Gross sports betting receipts come to a young monthly high-pitched at $61.1 million.
Total online gambling Adjusted Gross Revenue for December was upwardly almost 30% yr on year at $198.4 million.
Operators paid Wolverine State $36.7 meg inwards taxes inward 2023, with more than $34.1 one thousand thousand coming from iGaming, and $2.6 one thousand thousand coming from sports betting.
Other Items of Business
The MGCB says plank members Joni M. Thrower Dwight Davis and St. Andrew T. Palms were reappointed by Governor Gretchen Whitmer.
“I apprize Governor Whitmer’s decision to reappoint Joni and St. Andrew to the Board, which is well-deserved credit of their dedication, expertise, and worthful contributions to our agency’s commission and vision,” said MGCB Executive Director William Henry Williams.
Their terms expire at the stop of 2027.
The MGCB has also taken process against illegal operators in the state, with cease-and-desist letters existence sent to leash online gaming companies it says are operating illegally.
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