LANSING – Total iGaming and sports betting gross receipts for 2023 hit a record $2.3 billion. That’s more than 18% higher than the revenue generated in 2022, and well above the $1.4 billion from the first year of legal betting in 2021.
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The Michigan Gaming Control Board (MGCB) said the $2.3 billion in 2023 breaks down to $1.9 billion in total revenue from iGaming and $420.4 million from sports betting. Those numbers are both new annual records.
Sports in the Great Lakes State were in the national spotlight in January with a College football championship and the Detroit Lions advancing to the NFL’s NFC Championship game this Sunday.
The Michigan Wolverines’ first national championship since 1997 was a source of big bets, and as reported by Casino.org, the Detroit Lions are now driving more action heading into the championship weekend and after having drawn the highest rating for an NBC divisional game broadcast in 30 years with their defeat of the Tampa Bay Buccaneers.
Michigan’s internet sports betting handle hit a new record of $583 million in December, marking a 2.5% increase from November’s $568.8 million. The annual handle totaled $4.6 billion in 2023.
Michigan’s total gross gambling revenue in December hit $181.4 million — its highest monthly total ever — and more than 20% higher than in December 2022. IGaming led the way with a revenue record of $181.4 million. Gross sports betting receipts hit a new monthly high at $61.1 million.
Total online gambling Adjusted Gross Revenue for December was up almost 30% year on year at $198.4 million.
Operators paid Michigan $36.7 million in taxes in 2023, with more than $34.1 million coming from iGaming, and $2.6 million coming from sports betting.
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