Michigan online gambling witnesses revenue uptick through July

Commercial and tribal gambling operators across Michigan declared combined revenue from igaming and online sports betting operations of $176.1m through July, up four percentage points from the previous month’s $169.3m.

This latest report tracked a total of 15 operators across each activity, with online gaming gross receipts coming in at $153.6m (June: $151m), with sports betting’s July figure reported as $22.5m (June: $18.3m).

Combined adjusted gross receipts for the pair came in at $154.6m, with igaming representing $138.2m of the figure and sports wagering occupying the remaining $16.4m.

On a MoM basis, these are increases of one per cent and 77.5 per cent from $136.9m and $9.2m. When contrasted to the same timeframe one year earlier, online gaming secured a 18 per cent uptick from $117.2m, with the latter up 16.8 per cent from $14m.

In addition, total online sports betting handle finished the month at $200.8m, which is down from 11.9 per cent and 2.57 per cent from the $227.9m and $206.1m reported in June 2023 and July 2022, respectively.

The Wolverine State’s operator’s also reported $29.8m in taxes and payments to the state through the month, with igaming contributing $28.7m and sports wagering providing $1.1m. Tribal operators reported making $3.5 million in payments to governing bodies in May.

Furthermore, Detroit’s three casinos paid $7.6m to the city in wagering taxes and municipal services fees during July, with igaming and sports making up $7.2m and $391,969 of that figure.

Earlier in the month, this trio of Detroit gaming establishments, MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity, reported revenue of $107.2m, which represents a drop of 5.61 per cent from April’s $101.5m. 

Furthermore, June saw more than $50.7m earmarked for the Michigan Gaming Control Board via the state’s 2024 fiscal year budget