{"id":265,"date":"2024-06-28T23:55:42","date_gmt":"2024-06-28T20:55:42","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/"},"modified":"2024-06-28T23:55:42","modified_gmt":"2024-06-28T20:55:42","slug":"michigan-online-gambling-revenue-drops-in-april","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/","title":{"rendered":"Michigan Online Gambling Revenue Drops in April"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/TlSI-dK2oiQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Michigans online gambling income decreased by 8.7% in April, dropping to $234.8 million.<\/p>\n<p>Michigans sports betting and online gambling businesses generated $234.8 million in April (equivalent to \u00a3184.7 million\/\u20ac216.3 million), a decline of 8.7% from the total revenue in March.<\/p>\n<p>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&#8217;s figures, the total revenue in April still surpassed January and February, which were $229.6 million and $218.5 million respectively.<\/p>\n<p>April&#8217;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.<\/p>\n<p>Michigans online gambling income decreased, but sports betting revenue remained steady.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>However, monthly AGR for online gambling was up 21% year-over-year. <\/p>\n<p>Digital sports wagering revenue increased by 13.3%, while the overall revenue growth was 4%.<\/p>\n<p>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.<\/p>\n<p>Michigan Casino Income Decreases in April<br \/>\nThe three commercial gambling houses in Detroit reported earnings of $109.4 million in April.<\/p>\n<p>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.<\/p>\n<p>MGM dominated the three commercial casinos with a 46% market share. Meanwhile, MotorCity and Greektown Casino-Hotel held 30% and 24% market share, respectively.<\/p>\n<p>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.<\/p>\n<p>Sign up for the iGaming Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u00a3184.7 million\/\u20ac216.3 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michigan Online Gambling Takes a Dip in April<\/title>\n<meta name=\"description\" content=\"Michigan\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Michigan Online Gambling Revenue Drops in April\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Michigan\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Secrets of Casino Success | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T20:55:42+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/\",\"url\":\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/\",\"name\":\"Michigan Online Gambling Takes a Dip in April\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2web.icu\/#website\"},\"datePublished\":\"2024-06-28T20:55:42+00:00\",\"dateModified\":\"2024-06-28T20:55:42+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2web.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Michigan\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/28\/michigan-online-gambling-revenue-drops-in-april\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2web.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Michigan Online Gambling Revenue Drops in April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2web.icu\/#website\",\"url\":\"https:\/\/vegas2web.icu\/\",\"name\":\"Discover the Secrets of Casino Success | Licensed &amp; Trusted\",\"description\":\"Explore the dynamic world of online gambling with our fresh casino news, honest game reviews, and informative insights. 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