Michigan online gambling revenue declines for third consecutive month in June

Gross internet gaming and sports betting receipts from commercial and tribal operators were up 19.9% from $114.2m in June 2021, but 14.9% lower than $160.9m in May of this year.

Internet gaming gross receipts were 36.2% higher year-on-year at $121.5m. Sports betting gross receipts amounted to $15.4m, down 38.4% on last year, despite a 14.8% year-on-year increase in handle to $270.0m.

Total adjusted gross receipts, which account for promotional spending, were $114.4m, with $109.4m from igaming and $5.0m sports wagering.

Licensed operators submitted $22.8 million in taxes and payments to the State of Michigan during June including $22.5m in igaming taxes and fees and $328,954 worth of sports betting taxes and fees.

The Michigan Gaming Control Board (MGCB) also noted that aggregate igaming adjusted gross receipts reached $681.7m, with aggregate internet sports betting adjusted gross receipts at $74.1m.

Last week, it was reported that the three commercial casinos in Detroit, Michigan, posted $98.6m in total revenue during June, an 8.8% drop on the same month last year.

Revenue from the MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown was down from $108.1m in June 2021 and also 9.3% lower than $108.7m in May of this year.

Breaking down the monthly performance, table games and slots were responsible for $98.2m of all revenue for the month, but this was 7.2% lower than in June of last year.

Turning to retail sports betting, and qualified adjusted gross receipts (QAGR) here reached just $448,703, down 80.5% from $2.3m in June 2021, with players wagering a total of $22.4m.