Michigan registers another big month in online gaming revenue
Great Lakes State totals $107.6m in November GGR across iGaming offerings
Michigan added another chapter to its sustained online gaming surge in November, registering $107.6m in total iGaming gross gaming revenue (GGR) according to the latest release from the Michigan Gaming Control Board.
November marks the third straight month in which the Great Lakes State has amassed over $100m in GGR across its iGaming offerings, which include internet casinos and online poker.
The $107.6m in GGR generated $19.8m in state tax revenue. The city of Detroit received $5.3m in tax revenue while the state’s tribal operators raised $2.2m in tax revenue.
Online sports betting added a further $54.1m in GGR after amassing $478.3m in wagers.
BetMGM continued to lead the way among operators, accounting for $40.1m in GGR, which equates to a 37.3% market share. DraftKings ($16.83m) and FanDuel ($16.78m) were neck and neck for the second and third spots, albeit far behind the market leaders at approximately 15.6% shares respectively.
Since becoming one of the first states to launch sports betting and online gaming concurrently this past January, Michigan has amassed just under $1bn – $992.2m to be exact – in total online gaming GGR. That has resulted in $179.1m in tax revenue for the state, in addition to $49.4m for the city of Detroit and $19.7m for tribal operators.
On the sports betting side, Michigan has generated just under $3.6bn in total handle in less than a year of operation, with more than 88% of it coming online. Total GGR for sports betting currently stands at $301.9m.