Michigan iGaming, Sports Betting Operators Report $293.5 Million in March Revenue
In March, Michigan’s commercial and tribal internet gaming operators reported an impressive combined total of $293.5 million in gross receipts from iGaming and online sports betting, representing a notable 9.3% increase compared to February’s figures.
Monthly Gross Receipts Overview
The gross receipts from iGaming alone soared to $260.5 million in March, up from $222.5 million in February. This accomplishment marks a new milestone for Michigan’s internet gaming sector, surpassing the previous record of $248.2 million set in January 2025. In contrast, gross sports betting receipts fell to $33 million, down from $46 million in the prior month.
Adjusted Gross Receipts Breakdown
March’s combined adjusted gross receipts (AGR) for both iGaming and internet sports betting reached a substantial $260.7 million. Within this total, $246.1 million was attributed to iGaming, while $14.6 million came from internet sports betting. This reflects a robust 17.7% increase in iGaming AGR, though it is important to note the significant 46.4% decrease in sports betting AGR compared to February. Year-over-year, iGaming continued its growth with a 26.5% increase, while sports betting AGR saw a sharp decline of 45.3% when compared to March 2024.
Total Handle and Economic Contribution
The overall online sports betting handle in March rose to $475.1 million, indicating a 25.1% increase from the $379.8 million reported in February. This ascent is not only encouraging for operators but also reflects a thriving market in Michigan. State taxes and payments reported by operators amounted to $51.4 million in March, distributed as follows:
- iGaming taxes and fees: $50.5 million
- Internet sports betting taxes and fees: $874,052
Regulatory Actions Against Unlicensed Operators
To maintain the integrity of its gaming market, the Michigan Gaming Control Board (MGCB) has authorized 15 commercial and tribal operators to offer iGaming and/or internet sports betting. Currently, 12 operators provide internet sports betting while 15 focus on iGaming services.
Michigan is among a growing number of states actively addressing the issue of unregulated sweepstakes casinos, offshore sportsbooks, and sports prediction markets. Recently, over 20 offshore gambling sites have been banned. In a proactive move, the MGCB launched investigations into unlicensed sports prediction markets operating within the state, emphasizing that these unauthorized platforms pose risks to consumer protection and could jeopardize the integrity of Michigan’s legal sports betting environment.
Sports prediction markets allow users to trade contracts based on the expected outcomes of sports events. Prominent platforms for such exchanges include ForecastEx2, Kalshi, Polymarket, and PredictIt. The rise of these markets illustrates a shifting landscape in sports betting, where prediction trading offers a unique alternative to traditional wagering.
This ongoing regulatory vigilance and market engagement reflect Michigan’s commitment to fostering a safe and regulated gambling environment while allowing legitimate operators to thrive.
Jose Del Pozo, an established iGaming analyst with over a decade of experience in the sector, has contributed extensively to various casino and betting websites. His insights into the evolving iGaming market serve as a valuable resource for operators and enthusiasts alike.
