Michigan online casino gaming and sports betting operators have reported nearly $2 billion in combined revenue for 2022, according to the latest report from the state’s Gaming Control Board. Gross receipts rose by a whopping 41% when compared to the $1.4 billion reported in 2021, while handle for the year amounted to $4.6 billion, up from $3.7 billion in 2021.
Commercial and tribal iGaming and online sports wagering operators reported a combined $1.98 billion total gross receipts in 2022. Internet casino gaming generated most of that figure at $1.58 billion in gross receipts, while internet sports betting produced $399.58 million in gross receipts.
Combined 2022 adjusted internet gaming and internet sports betting adjusted revenue was $1.65 billion, which was almost 48% higher than the $1.1 billion recorded in 2021. Adjusted gross receipts include deductions for the monetary value of free play incentives provided to and waged by bettors.
Tribal and commercial operators made $302.98 million in taxes and payments to the State of Michigan during 2022, including iGaming state taxes and payments of $289.24 million, and online sports betting taxes and payments amounting to $13.74 million.
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