Michigan’s commercial and tribal gaming operators reported a combined total of $239.5 million in gross receipts from iGaming and sports betting for May, according to the Michigan Gaming Control Board. This marks a 2.0% increase from the previous month.
In May, iGaming gross receipts amounted to $198.6 million, while gross sports betting receipts totaled $40.9 million. In comparison, April’s figures were $192.9 million for iGaming and $41.9 million for sports betting.
The combined iGaming and internet sports betting adjusted gross receipts (AGR) amounted to $206.8 million for May. This includes $178.7 million from iGaming and $28.1 million from internet sports betting. These figures represent a 2.6% increase for iGaming and a 1.2% increase for sports betting compared to April. Year-over-year, iGaming AGR increased by 31.9% and sports betting AGR rose by 27.7%.
The total internet sports betting handle for May was $343.7 million, down 13.9% from the $399.1 million handle recorded in April 2024.
In May, operators reported paying $38.8 million in taxes and payments to the State of Michigan. This included $37.0 million in iGaming taxes and fees and $1.8 million in internet sports betting taxes and fees.
The three Detroit casinos contributed $10.1 million in wagering taxes and municipal services fees to the City of Detroit in May. Of this, $9.4 million came from iGaming taxes and fees, while $665,117 came from internet sports betting taxes and fees.
Tribal operators reported making payments totaling $4.5 million to governing bodies in May.
As of May 2024, 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting in Michigan. Currently, 12 operators offer internet sports betting, and 15 offer iGaming.
Original article: https://www.yogonet.com/international/noticias/2024/06/24/72780-michigan-online-gambling-revenue-reaches-239-million-in-may
