Michigan commercial and tribal operators reported a combined $234.8 million total internet gaming (iGaming) gross revenue and gross sports betting receipts in April. Gross revenue decreased 8.7% from March’s $257.1 million figure.
As per data released by the Michigan Gaming Control Board, April iGaming gross receipts totaled $192.9 million and gross sports betting revenues stood at $41.9 million. In March, gross sports betting receipts were $215.15 million and gross sports betting receipts were $41.93 million.
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for April were $201.93 million, including $174.16 million from iGaming and $27.77 million from internet sports betting. This marks an iGaming decrease of 10.4% and a sports betting increase of 4.1% when compared to the previous month. Compared to a year ago, in April 2023, iGaming AGR was up by 21.4% and sports betting was up by 13.3%.
Total April internet sports betting handle at $399.1 million was down by 16.9% from the $480.4 million handle recorded in March 2024.
The operators reported submitting $37.6 million in taxes and payments to the state during April, of which iGaming taxes accounted for $35.8 million and $1.8 million came from internet sports betting taxes.
The three Detroit casinos paid the state $9.82 million in wagering taxes and municipal services fees during April, of which $9.1 million was in the form of iGaming taxes while internet sports betting taxes and fees contributed $724,986.
Tribal operators made $4.3 million in payments to governing bodies in April. As of April 2024, a total of 15 commercial and tribal operators have been authorized to launch iGaming and internet sports betting. Currently, 13 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.
Original article: https://www.yogonet.com/international/noticias/2024/05/22/72291-michigan-igaming-and-online-sports-betting-revenue-falls-87-to-2348-million-in-april
