Michigan Reports $1.98 Billion Gross Receipts in Casino and Internet Gambling – 9&10 News

The Michigan Gaming Control Board reported Monday that Michigan commercial and tribal internet casino gaming and internet sports betting operators reported a combined $1.98 billion total gross receipts in 2022.

Gross receipts rose 41% from 2021, which saw $1.4 billion in receipts. Internet casino gaming generated $1.58 billion in gross receipts, and internet sports betting produced $399.58 million in gross receipts.

Combined 2022 adjusted internet gaming and internet sports betting adjusted gross receipts were $1.65 billion, which was 47.8% higher than the $1.1 billion in adjusted gross receipts recorded in 2021. The 2022 results included $1.43 billion from adjusted gross internet gaming receipts and $219.58 million from adjusted gross sports betting receipts. Adjusted gross receipts include deductions for the monetary value of free play incentives provided to and waged by bettors.

Total trade for the year was $4.6 billion compared with $3.7 billion recorded in 2021.

The tribal and commercial operators made $302.98 million in taxes and payments to the State of Michigan during 2022 including:

• Internet gaming state taxes and payments: $289.24 million • Internet sports betting taxes and payments: $13.74 million

Tribal operators reported making $32.83 million in payments to tribal governing bodies.

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