Sportsbook Financial

Michigan Gambling Revenue Grows to $127.4m in March

This marks a 42.8% month-on-month increase

Michigan Gambling Revenue Grows to $127.4m in March
Michigan Gambling Revenue Grows to $127.4m in March

According to figures from the Michigan Gaming Control Board, revenue for sports betting and igaming in Michigan hit $127.5M in March.


This marks a 42.8% month-on-month increase which was arguably influenced by key gambling events falling into the month of March. This includes the prolific NCAA basketball tournament. 


According to statistics $95.1m of this revenue came from online casino payments, this is a 19.3% increase from February. Sports betting activity represented $32.3m of the $127.4m, up 240% from the previous month. This revenue equated to $17.8m in taxes for the state of Michigan.  


Michigan Gaming Control Board executive director Richard S. Kalm said: 

“It looks like March Madness added a bounce to the sports betting handle, which jumped 19.1 percent from February, and internet gaming seemed to increase in popularity with monthly adjusted gross receipts going up 18 percent from February,” Kalm explained.  


“This led to increases in taxes and payments, which means more funding for the City of Detroit, K-12 education, economic development and tribal communities.” 


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