Michigan gambling revenue rises 41% to $1.89bn in 2022

The Michigan Gaming Control Board (MGCB) has released its revenue report for 2022, with gross gaming revenue of $1.89 billion translating to a 41% increase compared to the previous year’s $1.4 billion. This was combined revenue from commercial and tribal online casinos and sports betting operators. 

Online casino revenue came to $1.58 billion, while sports betting amounted $399.58 million. December alone contributed $201.6 million to the total figure recorded for the year, representing an 8.2% increase compared to the month before and a 40% year-on-year increase. Meanwhile, total handle for the year was $4.6 billion as against 2021’s $3.7 billion.

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After total gross gaming revenue was adjusted to “include deductions for the monetary value of free play incentives provided to and waged by bettors”, the recorded figure for gross online casino gaming and sports betting receipts came to $1.65 billion. Making up the adjusted figure is $219.6 million from sports betting and $1.43 billion from online casino gaming. The total adjusted figure represents a 48% increase from the $1.1 billion recorded the previous year.

Tribal and commercial operators gave a sum of $302.98 million in taxes and payments to the state. Tribal casinos gave $32.83 million as payment to tribal governing bodies, while the three commercial operators gave $84.57 million in taxes and municipal service fees to the state.

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