Michigan Gambling Industry Booms In Record-Breaking October
- Michigan Detroit-based casinos made $111.4 million in October revenue.
- Sportsbooks handled just under $500 million in sports wagers.
- Online casino games and sports wagers contributed $20.8 million in taxes.
DETROIT - Michigan had a financially great October after commercial and tribal operators generated $109.7 million in revenue.
During a very active Autumn season of legal gambling, Michigan gaming operators reportedly set a new revenue record for the third consecutive month in a row.
The gross revenue from all Detroit-based casinos totaled out to $111.4 million - $13.7 million of which went to the city of Detroit in taxes.
Online casino gaming alone grossed $109.7 million in October revenue, a 7.1% increase from September's online casino play.
October Casino Revenue
- MGM Grand Detroit: $52,672,008
- MotorCity Casino: $36,941,265
- Greektown Casino: $21,857,333
Sports Betting Handle Record
The majority of placed bets in Michigan came primarily from online sportsbooks, but overall October still showed a record high for Michigan sports betting.
Of the $497.6 million of total sports wagers that were placed, $463.3 million came exclusively from online sports betting. This means only $34.2 million came from retail Michigan sportsbooks.
- Retail handle: $34,221,337
- Online handle: $463,344,087
October also saw a 28% increase from September's overall sports betting handle. After totaling the number of tax contributions from online casino games and sports wagers, it comes out to over $20.8 million in taxes.