May Saw $185.8 Million in Online Gaming Income in Michigan

Arsenii Anderson
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.

The City of Detroit received $7.6 million in online taxes from the three casinos in Detroit throughout May. Michigan tribal operators also paid government bodies $3.4 million.

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%.

Most Recent News