Michigan Sports Betting Handle Clobbered in December 2024
Michigan has released gambling figures, including online, for the month of December 2024.
The state overall generated just over $264 million from online gambling revenue during this month.
These numbers do not include revenues generated from sweepstakes casinos, offshore sportsbooks, daily fantasy sports betting sites or local PPH bookmakers.
Bleak December for Sportsbooks in Michigan
PlayMichigan breaks down the Michigan numbers for December 2024:
Michigan sportsbooks booked plenty of bets in December but weren’t able to turn that into revenue gains because of a downturn in hold percentage. The Michigan Gaming Control Board (MGCB) reported that operators produced $617.5 million in total bets and $20.5 million in revenue last month.
The December handle record beats the previous high of $613.4 million back in December 2023. With a hold rate of 10.7% that month, Michigan sportsbooks made $65.9 million in revenue.
However, last month was a different story. Operators posted a 3.3% hold rate, which resulted in only $20.5 million in revenue. Many states across the country experienced a tough December. Michigan might have had the worst luck. It’s the second-lowest hold rate ever Great Lakes State. February 2021 was the lowest at 2.9%.
Michigan December 2024 Gambling Revenues Broken Down
Monthly Gross Receipts
December iGaming gross receipts totaled $244.0 million, the highest to date. The previous high was $226.0 million recorded in November 2024. December gross sports betting receipts totaled $20.2 million, which is a decrease from the $58.3 million recorded in November.
Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts for December were $219.9 million, including $219.6 million from iGaming and $267,881 from internet sports betting — representing an iGaming increase of 8.0% and a sports betting decrease of 99.3% when compared to November 2024. Compared to December 2023 reported revenues, iGaming AGR was up by 34.5% and sports betting was down by 99.2%.
Monthly Handle
Total internet sports betting handle at $597.7 million was down by 8.1% from the $650.2 million handle recorded in November 2024.
Monthly State Taxes/Payments
The operators reported submitting $46.1 million in taxes and payments to the State of Michigan during December, of which:
- iGaming taxes and fees = $45.9 million
- Internet sports betting taxes and fees = $214,291
Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $11.4 million in wagering taxes and municipal services fees during December, of which:
- iGaming taxes and fees = $11.4 million
- Internet sports betting taxes and fees = $0 (because all three commercial operators reported negative internet sports betting adjusted gross receipts, resulting in no tax liability being due)
Monthly Tribal Operators’ Payments
Tribal operators reported making $5.7 million in payments to governing bodies in December.
Annual Gross Receipts
In 2024, Michigan commercial and tribal operators reported a combined $2.9 billion total iGaming gross receipts and gross sports betting receipts — $2.4 billion from iGaming and $460.5 million from internet sports betting — a 23.8% increase over 2023.
Annual Adjusted Gross Receipts
In 2024, Michigan commercial and tribal operators reported a combined $2.4 billion total iGaming adjusted gross receipts and adjusted gross sports betting receipts — $2.2 billion from iGaming and $194.4 million from internet sports betting — a 22.3% increase over 2023.
Annual Handle
Total handle for 2024 was $5.3 billion.
Annual State Taxes/Payments
The operators paid $466.1 million in taxes and payments to the State of Michigan in 2024, of which:
- iGaming taxes and fees = $451.4 million
- Internet sports betting taxes and fees = $14.7 million
Annual City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $118.86 million in wagering taxes and municipal services fees in 2024, of which:
- iGaming taxes and fees = $113.42 million
- Internet sports betting taxes and fees = $5.44 million
Annual Tribal Operators’ Payments
Tribal operators reported making $55.3 million in payments to governing bodies in 2024.
Additional Information
An online gaming and sports betting revenue distribution table is available on the agency’s website.
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