DETROIT, MI (WKZO AM/FM) — Internet gaming operators in Michigan are reporting a state record of $102.4 million in internet gaming gross receipts for September, up 5.3% from the previous record $97.2 million recorded in August.
Internet sports betting operators received $23.7 million in total gross sports betting receipts, up 49% from August, marking the total September handle of $354.3 million an 84.2% increase from the prior month.
Adjusted gross receipts include deductions for the monetary value of free play incentives provided to and wagered by bettors. The lower internet sports betting adjusted gross receipts were due in part to a large increase in overall free play offered and wagered during September.
For internet gaming, the state receives 70% of the total tax from the commercial operators and 80% of the total payment from tribal operators. The tax and payment rate ranges from 20% to 28% based on yearly adjusted gross receipts.
For internet sports betting, commercial operators pay 70% of the 8.4% tax to the state and 30% to the city of Detroit. Tribal operators make an 8.4% payment to the state on adjusted gross sports betting receipts.
Gambling in any form is for entertainment purposes only. If someone has a gambling problem, please call the state’s 24-hour, toll-free helpline at 1-800-270-7117 or the MGCB’s responsible gaming section at 1-888-223-3044.
