Online gambling revenue in Michigan amounted to $136.9m (114.0m\/133.8m) in June, an increase on last year but the third consecutive month of decline in the US state.<\/p>\n
Gross internet gaming and sports betting receipts from commercial and tribal operators were up 19.9% from $114.2m inJune 2021, but 14.9% lower than $160.9m inMay of this year.<\/p>\n
Internet gaming gross receipts were 36.2% higher year-on-year at $121.5m. Sports betting gross receipts amounted to $15.4m, down 38.4% on last year, despite a 14.8% year-on-year increase in handle to $270.0m.<\/p>\n
Total adjusted gross receipts, which account for promotional spending, were $114.4m, with $109.4m from igaming and $5.0m sports wagering.<\/p>\n
Licensed operators submitted $22.8 million in taxes and payments to the State of Michigan during June including $22.5m in igaming taxes and fees and $328,954 worth of sports betting taxes and fees.<\/p>\n
The Michigan Gaming Control Board (MGCB) also noted that aggregate igaming adjusted gross receipts reached $681.7m, with aggregate internet sports betting adjusted gross receipts at $74.1m.<\/p>\n
Last week, it was reported that the three commercial casinos in Detroit, Michigan,posted $98.6m in total revenue during June, an 8.8% drop on the same month last year.<\/p>\n
Revenue from the MGM Grand Detroit, MotorCity Casino and Penn Nationals Hollywood Casino at Greektown was down from $108.1m in June 2021 and also 9.3% lower than $108.7m in May of this year.<\/p>\n
Breaking down the monthly performance, table games and slots were responsible for $98.2m of all revenue for the month, but this was 7.2% lower than in June of last year.<\/p>\n
Turning to retail sports betting, and qualified adjusted gross receipts (QAGR) here reached just $448,703, down 80.5% from $2.3m in June 2021, with players wagering a total of $22.4m.<\/p>\n
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The rest is here:<\/p>\n
Michigan online gambling revenue declines for third consecutive month in June - iGaming Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Online gambling revenue in Michigan amounted to $136.9m (114.0m\/133.8m) in June, an increase on last year but the third consecutive month of decline in the US state. Gross internet gaming and sports betting receipts from commercial and tribal operators were up 19.9% from $114.2m inJune 2021, but 14.9% lower than $160.9m inMay of this year. Internet gaming gross receipts were 36.2% higher year-on-year at $121.5m. Continue reading