Michigans online gambling income decreased by 8.7% in April, dropping to $234.8 million.
Michigans sports betting and online gambling businesses generated $234.8 million in April (equivalent to £184.7 million/€216.3 million), a decline of 8.7% from the total revenue in March.
Michigans online gambling income decreased by 8.7% in April to $234.8 million, a drop from $257.1 million in March, which was Michigans highest total so far in 2024. Despite the decline in April’s figures, the total revenue in April still surpassed January and February, which were $229.6 million and $218.5 million respectively.
April’s revenue was up 20% year-over-year, compared to $195.7 million in April last year when Michigans sports betting and online gambling operators brought in.
Michigans online gambling income decreased, but sports betting revenue remained steady.
Online gambling income decreased from $215.5 million in March to $192.9 million in April, with March being Michigans strongest month for online gambling so far.
Meanwhile, sports betting handle also decreased significantly. Michigans online sports betting operators handled $399.1 million in bets in April, a decline from $480.4 million in March. However, sports betting revenue remained steady in April at $41.9 million.
In terms of monthly adjusted gross revenue (AGR), total revenue for online gambling and sports betting was $201.9 million. Of this, online gambling revenue was $174.1 million and online sports betting revenue was $27.8 million. Monthly AGR for online gambling decreased by 10.4%, while sports betting increased by $4.1 million.
However, monthly AGR for online gambling was up 21% year-over-year.
Digital sports wagering revenue increased by 13.3%, while the overall revenue growth was 4%.
In the fourth month of the year, the state government collected a total of $37.6 million in monthly taxes and fees, a decrease of 8.5% from $41.1 million in the previous month. Of this amount, online gaming contributed $35.8 million, and online sports wagering contributed $1.8 million. In April, tribal operators paid $4.3 million to the regulatory body.
Michigan Casino Income Decreases in April
The three commercial gambling houses in Detroit reported earnings of $109.4 million in April.
This was a decrease of 11.7% from the previous month, but slightly higher than the $109.7 million reported in the same period last year.
MGM dominated the three commercial casinos with a 46% market share. Meanwhile, MotorCity and Greektown Casino-Hotel held 30% and 24% market share, respectively.
In April, the three casinos paid $9.8 million in taxes and municipal service fees to the city of Detroit, a decrease of 10.9% from $11 million in March.
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