Michigan sets records for igaming revenue and sports betting handle.

Michigan November igaming revenue reached a record $175.3 million, a 1.9% increase from October $160.3 million, marking an all time high surpassing March's $171.8 million.

This figure also shows a 17.1% improvement compared to November 2022. Online sports betting handle set a record at $568.8 million up 6.7% from October $553 million.

The combined adjusted gross receipts for igaming and online sports betting in November were $158.1 million, with igaming contributing $157.8 million and online sports betting $294,810.

 

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That is indeed impressive news for the Michigan online gambling industry! November saw record-breaking figures for both igaming revenue and online sports betting handle in the state. The igaming revenue reached an all-time high of $175.3 million, representing a 1.9% increase compared to October's revenue of $160.3 million. This remarkable growth also surpassed the previous record set in March, which stood at $171.8 million.

Furthermore, when comparing November 2022 to the same month in the previous year, there was a significant 17.1% improvement in igaming revenue. This demonstrates the continued growth and popularity of online gambling in Michigan.

Similarly, the online sports betting handle also set a new record in November by reaching $568.8 million. This figure represents a 6.7% increase when compared to October's handle of $553 million. The rise in online sports betting activity contributes to the overall success of Michigan's online gambling market.

When combining the adjusted gross receipts for igaming and online sports betting in November, the total amount was $158.1 million. Of this total, igaming accounted for an impressive $157.8 million, while online sports betting contributed $294,810.

These figures indicate that both igaming and online sports betting are thriving in Michigan, attracting a significant number of players and generating substantial revenue for the state. It will be interesting to observe how these numbers continue to evolve in the coming months and years.