Michigan online gambling revenue continues to slide in June

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Monthly revenue from Michigan igaming operators has once again fallen compared to the previous month, dropping in June by almost nine per cent compared to May’s figures.

The Michigan Gaming Control Board declared a combined revenue from 15 commercial and tribal igaming and online sports betting operators of $169.3m for June, down 8.9 per cent in comparison to May’s $185.8m.

Split per vertical, June’s igaming gross receipts accounted for $151m, up slightly on the previous month’s $150.6m. Meanwhile, gross sports wagering receipts stood at $18.3m, a 48.3 per cent decrease compared to May’s $35.2m.

Adjusted gross receipts for the month came in at $146.1m, a 7.2 per cent decline when compared to the previous month’s $157.5m. 

Per vertical, $136.9m of June’s total AGR was from igaming – up one per cent compared to May’s $135.5m – and $9.2m was from online sports betting – down 58 per cent compared to the previous month’s $22m.

Compared to June 2022 figures, igaming AGR was up 25.1 per cent (2022: $109.4m) while online sports wagering AGR improved by 83.9 per cent (2022: $5m).

Total internet sports betting handle for June came in at $227.9m, down by 21 per cent in comparison to May’s $288.3m.

As a result of the figures mentioned above, the state of Michigan received $28.9m in taxes and payments from operators in June – $28.4m from igaming operations and $545,632 from online sports wagering.

Detroit’s three casinos paid $7.4m to the City of Detroit in wagering taxes and municipal services fees during June, $7.1m from igaming and $286,569 from online sports betting. Tribal operators paid $3.5m to governing bodies.

Earlier this month, Detroit’s three casinos reported June revenue of $101.5m, which was slightly down on May’s figures, but an improvement in comparison to the same period the previous year.