Hard Rock Digital announced that the company is opening an online betting and casino in Michigan, becoming the 10th state where the operator is live and the second state that...
New iGaming revenue record for Michigan in October
Michigan has set a new monthly record for iGaming revenue for the second time in just three months.
Gross iGaming revenues in October were $278.5 million, surpassing the previous high of $263.3 million in August.
There was also a significant increase in sports betting, as the total gross receipts were $78.3 million, compared to $43.6 million in September. The combined growth of gross receipts increased by 16.4% month-to-month, reaching $352.3 million.
iGaming and mobile sports betting adjusted gross receipts combined hit $310.9 million in October: $261.7 million from iGaming and $49.2 million from sports betting. The iGaming adjusted gross receipts (AGR) also went up by 7.5%, or by $36 million for sports betting AGR, compared to September.
On a year-on-year basis, iGaming AGR climbed 31.8%, while sports betting AGR grew by $39.4 million.
The latest report from the Michigan Gaming Control Board also showed that monthly mobile sports betting handle jumped 15.6% to $605.9 million. Together, iGaming and sports betting generated $58 million in tax revenue for the state.
The Michigan Gaming Control Board (MGCB) sent cease-and-desist letters to eight companies that are thought to be involved in illegal online casino operations.
Through these...
