Michigan iGaming revenue in August

Combined gross igaming and sports betting receipts in Michigan amounted to $169.3m.

michigan igaming

In August, Michigan commercial and tribal operators reported total internet gaming (iGaming) gross and sports betting receipts of $175.4 million. Gross revenues fell 0.4% from July to August.

Gross iGaming receipts in August totaled $152.2 million, with gross sports betting receipts being $23.2 million. Gross iGaming receipts were $153.6 million in July 2023, with gross sports betting receipts of $22.5 million.

Total iGaming and internet sports betting adjusted gross revenues (AGR) for August were $153.1 million, with iGaming accounting for $137.2 million and online sports betting accounting for $15.9 million — a 0.7% and 3.0% decrease, respectively, from July 2023. iGaming AGR increased by 16.8% compared to August 2022 reported revenues, while sports betting decreased by 1.3%.

Total online sports betting handles increased 8.8% to $218.5 million in July 2023 from $200.8 million.

During August, the operators reported submitting $29.7 million in taxes and payments to the State of Michigan, which included:
  • Taxes and levies on Internet gaming: $28.6 million
  • Taxes and expenses on internet sports betting: $1.1 million

During August, the three Detroit casinos reported paying the City of Detroit $7.3 million in wagering taxes and municipal service fees, which included:
  • Internet gaming taxes and fees amount to $6.9 million.
  • Taxes and expenses on internet sports betting: $368,596

Tribal operators reported making $3.6 million payments to governing bodies in August.

The agency's website has a revenue-sharing table for online gambling and sports betting.

Before August, 15 providers provided online gaming and internet sports betting. Odawa Casinos stopped offering online sports betting on August 1, bringing the total number of internet sports betting operators in the state to 14. The numbers clearly indicate the growing popularity of betting online on a gambling site like the casino at GG.Bet.

BetConstruct Launches A New Application Called iGaming Bot.

BetConstruct sportsbook

BetConstruct, a well-known technology and service company, presents iGaming Bot, a Telegram-based application.

BetConstruct partners and operators may use iGaming Bot to incorporate popular iGaming services directly into Telegram, giving a simplified and accessible gaming experience that complements traditional website and mobile application offerings.

The new launch presents numerous capabilities and services directly through the Telegram app, giving gamers access to a huge library of thrilling slots of video games on a gambling platform.

With frictionless deposits and withdrawals, account and payment method verification, and 24/7 live support, iGaming Bot guarantees a hassle-free experience.

It's a once-in-a-lifetime chance for iGaming corporations to stand out by combining simplicity and satisfaction on one platform.

Playtech and betPARX Relaunch Betting and iGaming Apps

In a new agreement, betPARX will relaunch its sports betting and iGaming app in Pennsylvania and New Jersey using Playtech technology.

Playtech, the world's biggest gambling technology firm, announced a partnership with betPARX to relaunch its sports betting and iGaming app in two US jurisdictions, Pennsylvania and New Jersey. The betPARX app in all states is now powered by Playtech's unique IMS platform and Player Account Management (PAM) system, thanks to a recent revamp.

While betPARX gets to expand its reach in both nations, Playtech's technologies get more recognition.

This is the first time IMS technology has been employed in Pennsylvania and New Jersey.

Thanks to the updated application, clients in both states may now access iGaming and sports betting products powered by Playtech's cutting-edge technology.

All set to offer a revamped online experience to gamblers, the app is also expected to take Playtech to newer heights.

The latest relationship builds solidly, as Parx Casino, Pennsylvania's largest casino, joined forces with Playtech in February 2021. Parx became the first US operator to provide Playtech's renowned IMS iGaming technology with this agreement. Playtech also collaborated with betPARX and Gun Lake Casino to offer Play Gun Lake, a new iGaming app in Michigan.

The IMS generation is known globally.

Playtech is well-known for its technologies and is a successful B2B operator outside the US market.

Furthermore, its presence can only be anticipated to grow globally with its upcoming launch as an online casino operator licensed under the Pennsylvania Gambling Control Commission. Playtech has so far developed a foothold in three US states.

Exciting Opportunities For Sports Bettors And Casino Players

betPARX's SVP of iGaming and Sports, Matthew Cullen, expressed satisfaction at the debut of the betPARX app, which is powered by Playtech's premium technology.

Mor Weizer, CEO of Playtech, noted that the firm is delighted to continue expanding its position in the sports betting and iGaming verticals due to the cooperation with betPARX. He praised Playtech's software for presenting incredible personal reviews, which are in excessive call for within the playing zone within the United States.

Finally, Weizer introduced Playtech plans to make it bigger and collaborate with betPARX in new states.

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