Michigan Sees Online Gambling Revenue Rise in July While Sports Betting Declines
According to the Michigan Gaming Control Board report, casino and sports betting revenue in July totaled $111.9m. It’s a fourth consecutive month of decline and a 2% drop when compared with June’s report.
While MI online gaming revenue amounted to $92.3m (a 3.4% monthly rise), sports betting receipts declined by 21.6% and amounted to $19.6m only.
As for the taxes, the state of Michigan received $17.1m from online gambling and $762,220 from sports betting, $17.8m in total. The adjusted gross receipts amounted to $83.1m from online gambling (25.6% rise) and $12.4m from sports betting.
The Michigan Gaming Control Board has also reported an increase in casino revenue in July when compared to the previous month. All three gambling venues (MGM Grand Detroit, Motor City, and Greektown) showed a rise, according to the report.