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Michigan Internet Casino Gaming Sets Another Revenue Record from MichiganBets' Chris Altruda

The Michigan Gaming Control Board reported a record $153.7 million in gross operator revenue from internet casino gaming for January on Tuesday, the fourth consecutive month the figure set a new all-time state standard.

The uptick from December’s Michigan revenue was 0.6%, with the increase in dollars less than $925,000, and it was also a 26.8% increase over January 2022. The run of records began in October when operators cleared the $140 million benchmark for the first time since launch January 2021. December marked the first time the $150 million threshold was surpassed.

The adjusted revenue of $138.3 million was also an all-time high and the third consecutive month over $130 million. The state received $24.9 million in tax receipts, while the city of Detroit had an inflow just shy of $7 million. Tribal payments to local jurisdictions totaled $2.7 million.

Mobile sports wagering handle totaled $475.6 million for January, with the retail-plus-mobile total of $490.9 million down 7.8% from the record $532.7 million to kick off 2022. Online operators claimed $33.6 million in winnings for a hold of 7.1%. After promotions and other deductions, the state was able to levy taxes on $17.8 million in adjusted revenue, claiming $1.2 million in receipts.


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