May Saw $185.8 Million in Online Gaming Income in Michigan
According to a report by the Michigan Gaming Control Board (MGCB), gross online gaming revenues in Michigan totaled $185.8 million in May, up from the previous year but down for the second straight month.
The overall revenue from online gaming and sports betting among tribal and commercial operators was $160.9 million in May 2022, so this is a 15.5% increase. However, the revenue for May is still 5.1% down from April 2023.
Gross gaming revenue from online casinos reached $150.6 million, an increase of 18.2% over 2022.
Adjusted Gross Revenue
The combined total’s adjusted gross receipts, which account for promotional expenses, were up 14.8% from May 2022, standing at $157.5 million, but 6.2% less than the $167.9 million in April 2023.
MI online casino gaming’s adjusted gross revenue totaled $135.5 million, an 18.1% increase from 2022.
Throughout the state, licensed businesses paid taxes totaling $29.4 million throughout the month. This includes $1.4 million in sports betting taxes and $28.0 million in taxes on online casinos.
Casinos in Detroit
The three commercial land-based casinos in Detroit generated $105.6 million in total monthly revenue.
This sum comprised $893,732 in retail sportsbook income in addition to $104.7 million in table game and slot machine revenue.
With a total market share of 47%, MGM continued to dominate the local market. With 31%, MotorCity came in second, followed by Hollywood Casino at Greektown with 22%.