The first month of Michigan online sports betting and gaming earned gross receipts of $89.2 million last February. It was the first whole month of operations for sportsbooks in the state.
Online sports betting gross receipts were $79.7 million. Operators earned $9.5 million in total gross receipts. The total handle in February was $301.9 million, based on a Michigan Gaming Control Board report.
According to bookie software reports, Michigan players showed strong interest in online gaming in February. Taxes from online gaming more than tripled during the month. Thus, it means more funds for Detroit, economic development, tribal communities, and K-12 education.
Michigan Online Sports Betting
Most operators become a bookie online on January 22. They include MGM Grand Detroit, Bay Mills Indian Community, MotorCity Casino, Grand Traverse Band of Ottawa and Chippewa Indians, Keweenaw Bay Indian Community, Hannahville Indian Community, Sault Ste. Marie Tribe of Chippewa Indians and Little River Band of Ottawa Indians.
The Little Traverse Bay Bands of Odawa Indians started its online gaming operations on January 29. Greektown Casino launched its online operations on February 1. Lastly, the Pokagon Band of Potawatomi Indians started their online gaming operations on February 15.
The three operators with the highest online gaming gross receipts in January were MGM Grand Detroit, Bay Mills Indian Community, and MotorCity Casino. You can become a successful sportsbook operator like them by using the best gambling software.
However, some operators got negative gross sports betting receipts in February. They are Bay Mills Indian Community, MotorCity Casino, and Hannahville Indian Community.
Overall, the gaming operators paid $14.1 million in fees and taxes in February. Online gaming taxes were $14 million. On the other hand, online sports betting was only $142,240. The state receives 80 percent of the total payment from tribal operators and 70 percent of the commercial operators’ tax.