Michigan’s online sports betting and online casino gaming will see its first full year in January 2022, and the debut was among the best in U.S. T axable revenue for both online and retail wagering reached $12 million, yielding $1.2 million in taxes. With $1.2 million in retail revenue, Michigan’s sportsbooks won $35.9 million for the month, down 38.9% from $58.8 million in November. Online operators won $34.8 million in gross revenue during the last month of the year, down 35.8% from the record $54.1 million in November but still the second most in state history. Combined with $30.1 million in retail wagering at Detroit-area casinos announced mid-January, Michigan’s online and retail sportsbooks hit $514.6 million in wagering for the month, up 2.8% from the previous record $500.5 million in November. Online sportsbooks alone drew $484.6 million in December, topping the record $473.8 million set in November, according to official data released Tuesday.
December’s results were the closure to a debut year that brought $4 billion in sports bets and more than $1 billion in gross gaming revenue from online casinos. Michigan’s sportsbooks and online casino reported their numbers for December 2021, thus concluding a year on a record-breaking roll with more than $500 million in sports wagers for the second consecutive month and more than $120 million in online casino revenue, according to PlayMichigan, which tracks gaming developments in the state.
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