SPORTS BETTING GROWTH DRIVES RECORD MONTH FOR MICHIGAN

SPORTS BETTING GROWTH DRIVES RECORD MONTH FOR MICHIGAN

Michigan’s regulated online sports betting and iGaming market reached new heights in November 2021 as total gross receipts reached $161.7m.

Total gross receipts from the state’s 14 licensed operators rose by 21 per cent compared to the previous record month, with gross monthly sports betting receipts climbing to a record $54.1m and iGaming contributing $107.6m in gross receipts.

MICHIGAN IGAMING AND ONLINE SPORTS BETTING GROSS RECEIPTS: NOVEMBER 2021 (US$)

iGaming Online Sports Betting TOTAL
MGM Grand Detroit 40,116,304 12,690,868 52,807,172
MotorCity Casino 16,784,718 18,334,574 35,119,292
Bay Mills Indian Community 16,833,955 13,123,232 29,957,187
Greektown Casino 4,647,189 2,969,893 7,618,082
Little River Band of Ottawa Indians 7,041,413 529,442 7,570,855
Keweenaw Bay Indian Community 5,806,912 106,824 5,913,736
Grand Traverse Band of Ottawa and Chippewa 2,376,566 3,474,688 5,851,254
Sault Ste Marie Tribe of Chippewa Indians 4,154,309 393,828 4,548,137
Little Traverse Bay Bands of Odawa Indians 2,543,797 514,418 3,058,215
Lac Vieux Desert Band of Lake Superior Chippewa 801,055 1,636,392 2,437,447
Pokagon Band of Potawatomi Indians 2,371,632 38,696 2,410,328
Hannahville Indian Community 1,408,985 155,282 1,564,267
Gun Lake Band of Pottawatomi Indians 1,452,859 105,030 1,557,889
Nottawaseppi Huron Band of Pottawatomi Indians 1,253,308 46,863 1,300,171
TOTAL 107,593,002 54,120,030 161,713,032

iGaming receipts surpassed $100m for the third consecutive month in November, but were 2 per cent short of the monthly record of $109.7m in October.

MGM Grand Detroit (BetMGM) continued to lead the iGaming market with gross receipts of $40.1m, well ahead of Bay Mills Indian Community (DraftKings) and MotorCity Casino (FanDuel), which both generated iGaming gross receipts of $16.8m.

The next biggest iGaming operator was Little River Band of Ottawa Indians (BetRivers) at $7.0m, followed by Keweenaw Bay Indian Community (Golden Nugget Online Gaming) at $5.8m.

Greektown Casino (Barstool Sports) collected iGaming gross receipts of $4.6m in November, ahead of Sault Ste Marie Tribe of Chippewa Indians (WynnBet) $4.2m, and Little Traverse Bay Bands of Odawa Indians’ (The Stars Group) $2.5m.

November online sports betting handle grew by 2 per cent month-on-month to a record $473.8m, generating record gross sports betting receipts of $54.1m, up 68 per cent from the previous record in March.

MotorCity Casino maintained its market leadership position in Michigan with online sports betting receipts of $18.3m, ahead of Bay Mills Indian Community’s $13.1m, MGM Grand’s $12.7m and Grand Traverse Band of Ottawa and Chippewa’s $3.5m.

Overall, operators generated adjusted gross receipts (after free play incentives) of $96.3m from iGaming, a fall of 3 per cent compared to the previous month, and $34.5 from online sports betting, up from $4.7m in the previous month.

The state’s 14 licensed operators delivered $21.4m in taxes and payments to the state in November, comprising $19.8m from iGaming and $1.6m from online sports betting.

The three Detroit commercial casinos reported city wagering taxes and municipal services fees of $6.2m, comprising iGaming taxes and fees of $5.3m and online sports betting taxes and fees of $926,598. In addition, tribal operators reported $2.2m in wagering payments to the tribes’ governing bodies.

From the 22 January launch through November, total gross receipts from Michigan’s licensed operators totalled $1.25bn, comprising $992.2m from iGaming and $257.4m from online sports betting.

Gamingintelligence

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