Michigan online gambling market bounces back in July

Gross internet gaming and sports betting receipts from commercial and tribal operators in July was 8.3% higher than $136.9m in June this year, while the total was also 32.4% up from $111.9m in July of 2021.

Online gaming gross receipts were 37.2% higher year-on-year at $126.6m, while gross sports betting gross receipts jumped 10.2% to $21.6m, helped by a 9.6% increase in handle.

Total adjusted gross receipts, which account for promotional spending, reached $131.2m, up 37.4% on July last year. Of this total, $117.2m came from igaming and $14.0m sports wagering.

Licensed operators submitted $24.9m in taxes and payments to the state during July, with $24.1m coming from igaming taxes and fees and $815,409 sports betting.

In terms of year-to-date, aggregate internet gaming adjusted gross receipts was $798.9m for the seven months to the end of July, while internet sports betting adjusted gross receipts reached $88.1m.

Last week, the MGCB also announced a year-on-year decline in revenue from Detroit’s three commercial casinos in July. Total revenue was $107.2m, down by 8.3% from July 2021, while revenue declined year-on-year at each casino.

At the MGM Grand, revenue fell 4.7% to $51.2m, while revenue at MotorCity Casino was down by 9.6% to $34.8m and Hollywood Casino Greektown revenue dropped 15.0% to $19.9m.

Also last week, the MGCB voted to renew the licences of the three commercial casinos. The casinos will be permitted to operate for another year with the licenses, after all receiving unanimous approval from commissioners.