Michigan reports 6 8 fall in online casino and wagering gross receipts for February

Dusty -
Michigan’s online casinos broke state records in February, reporting nearly $123m in gross receipts, though overall, gross receipts were down by 6

Michigan’s online casinos skint nation records in February, reporting nearly $123m in porcine receipts, though overall, porcine receipts were downwardly by 6.8% from January.

While commercial message and tribal iGaming surged to new heights, online sports betting lagged behind, with grip falling by nearly 20% month-over-month.

In total, the Great Lakes State generated $145.3m inward porcine receipts from both cyberspace cassino play and online sports wagering for February, of which the latter only when contributed $22.5m.

Despite the Super Bowl taking set inward mid-February, handle tumbled from January’s record-setting amount to $398m.

Nevertheless, Michigan’s online sports betting operators saw considerable advance on a year-over-year basis.

For February 2021, they recognised just about $302m inward wagers, significance finally month’s enter represents an o'er 30% step-up year-over-year.

Online gambling casino gambling was also upward past a substantial margin from in conclusion year. While iGaming surpassed December’s previous $122m record, porcine receipts for this section were also up past more than 50% o'er February 2021.

Combined number familiarized 144 receipts came to $106.61m, which includes $110.56m from net casino gaming minus a $3.95m deprivation for online sports betting.

Operators submitted $22m inward taxes and payments to the State of Michigan. Broken down, $21.6m was paid inwards iGaming taxes and fees, while $360,354 came from online sports betting taxes and fees. Tribal operators reported making $2.3m in payments to governing bodies.

Detroit’s casinos, meanwhile, paid $6m in net gaming taxes and fees, and $221,194 in online sports betting taxes and fees.

For the firstly ii months of 2022, internet gaming familiarised porcine receipts totalled $219.7m, piece aggregated cyberspace sports betting familiarised revenue receipts were $15.2m.