The total combined gross receipts can be divided into $127.4 million from online casino sources and $33.5 million for sport betting. While the online casino segment decline 3.8% from April, sports betting revenue increased by 9.1% increase.
This pattern can also be seen in the adjusted gross revenue, which takes into account free bets. The combined adjusted revenue total was $137.2 million for May; with $114.7 million from online gaming and $22.5 million from sports betting. While internet gaming declined by 3.9%, sports betting rose by almost 35%.
Comparing to May 2021, internet gaming revenue was up by 28.8% – with sports betting rising 127.4%. One factor in the size of the sector’s increase is the ending of most Covid-era restrictions, which affected the sporting calendar in 2020-2021.
The total sports betting handle, that is the total amount that has been bet, was $333.4 million, dropping by 10.2% when compared with the previous month.
Original article: https://igamingbusiness.com/michigan-may-revenue/
