First month of internet gaming and sports betting receipts near $90M

April 5, 2021

First month of internet gaming and sports betting receipts near $90M

Michigan’s internet gaming and sports betting operators reported $89.2 million in gross receipts for February, their first full month of operation.

Their internet gaming gross receipts totaled $79.7 million and internet sports betting operators received $9.5 million in total gross sports betting receipts and reported a total handle of $301.9 million during that period, according to the Michigan Gaming Control Board.

“Michigan residents and visitors continued to show strong interest in internet gaming and sports betting during a snowy and cold February,” said Richard S. Kalm, Michigan Gaming Control Board executive director. “The internet gaming taxes more than tripled, but that’s what we expected with a full month of gaming. This means more funding for the city of Detroit, K-12 education, economic development and tribal communities.”

Most internet gaming operators began their operations on Jan. 22, including MGM Grand Detroit, MotorCity Casino, Bay Mills Indian Community, Grand Traverse Band of Ottawa and Chippewa Indians, Hannahville Indian Community, Keweenaw Bay Indian Community, Little River Band of Ottawa Indians and the Sault Ste. Marie Tribe of Chippewa Indians.

The Little Traverse Bay Bands of Odawa Indians began its internet gaming operation on Jan. 29, Greektown Casino started on Feb. 1 and the Pokagon Band of Potawatomi Indians started on Feb 15.

The three operators that brought in the highest internet gaming gross receipts in January were MGM Grand Detroit, $11,075,980.37; Bay Mills Indian Community, $6,922,607.06; and MotorCity Casino, $6,633,734.86.

The top three internet gaming gross receipts in February were from MGM Grand Detroit, $26,912,267.71; MotorCity Casino, $16,574,979.13; […]

Click here to view original article at grbj.com

Owen Herne
Attorney, Herne Law, PLLC

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December 12, 2015
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Robert Doe
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