Commercial and tribal operators in Michigan reported $148.2 million in gross gaming and gross internet sports betting revenue in July, up 8% from $136.9 million in June.
The breakdown of the figures revealed that internet gaming increased by 4% to $126.6 million, while sports betting increased by 40% to $21.6 million.
However, it wasn’t all up in Michigan, as total sports betting handle fell 23% in July to $206.1 million, compared to $270 million in June.
Despite the drop in handle, the state’s iGaming market is expected to grow, according to OddsSeeker, which predicted the state would become the largest iGaming market in the US last month.
OddsSeeker Sports Editor Frank Weber stated, “Based on the year-over-year growth trajectory for New Jersey, since inception, it appears clear Michigan will inevitably pass New Jersey in online gambling revenues and become the largest and most important betting and iGaming market in America.”
Following the release of its H1 results, the state reported that its online casino and poker sites generated $757 million in revenue for the first six months of 2022, demonstrating the state’s strong appetite for gambling despite the fact that it only began online gambling in January 2021.
Michigan’s total gambling income for the first seven months of the year is $798.9 million, while its total internet sports betting income for the same period is $88.1 million.