- Michigan’s online casinos generated a total of $131.7 million in revenue for the month of March 2022, breaking the record of $122.8 million set during February 2022.
- Online sports bets totalled $451 million which was a 13.4% increase from the previous month’s figures.
- Total online and retail sports bet taken in March 2022 totalled $478 million, the most in the state by any month without an NFL game.
The Michigan online casino and sports betting market continued their upward trend last month.
According to data released by the Michigan Gaming Control Board, both online casino gambling and internet sports betting produced record figures for March 2022.
Online Casinos Set Record Revenue
Michigan’s online casinos and poker rooms produced a total of $131.7 million in revenue during the month of March 2022, shattering the $122.8 million state record which was set in February. This marks the third time in the last four months where the state’s online casinos and poker rooms have set a new revenue record.
Online casino revenue per day however, slightly dropped to $4.2 million in March from $4.4 million in February. The March 2022 online casino revenue generated $33.1 million in local and state tax collections. That brings the total online casino taxes collected since the industry’s launch in 2021 to $368.9 million.
BetMGM led the way with $47.9 million in gross gaming revenue and tax payments of $12.6 million. FanDuel was second with $22.5 million in gross receipts and $5.9 million in local and state taxes paid.
Michigan Sports Betting Industry also Sets Record
Likewise, Michigan’s sports betting industry also set a new record for the largest betting handle in a month without NFL games in the month of March. The state’s online and retail sportsbooks combined to take more than $478 million in sports bets last month.
Internet sports betting generated a total of $451.6 million of online sports bets which was a 13.4% increase from the previous month’s $398 million betting handle. Meanwhile, the state’s retail sportsbooks combined to take $26.4 million in dollars wagered. The $478 million total sports bets for the month was a 12% increase from the previous month’s $423.8 million total.
March 2022 online sports betting generated a total of $30.5 million in gross revenue while retail sports bets produced $2 million in gross revenue. The total taxable revenue after deducting promotional expenses was $16.6 million which corresponds to $967,314 in state and local taxes.