Michigan Online Gambling Revenue Grows To $163 Million In AprilMarket Continues To Grow A Year After Launch |
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Michigan commercial and tribal gambling operators in April reported a combined $163.1 million in gross revenue from online gambling (casino and sports), according to figures from the Michigan Gaming Control Board.
Revenue from online casinos and online sports betting was up 0.6% over March. The state of Michigan began regulated online gambling in January 2021.
April internet casino revenue was $132.4 million, the best month yet for the nascent industry in the Wolverine State. Online sports betting revenue was $30.7 million last month.
Revenues were lower when accounting for bonus and promotional spending by operators.
Combined total adjusted gross revenue was $136 million, including $119.3 million from internet casino gaming and $16.7 million from internet sports betting.
Compared with April 2021, internet casino adjusted revenue increased 34.3%, and internet sports betting adjusted revenue grew 53.5% higher.
Sports betting win has more variance than iCasino. Total internet sports betting handle was $371.2 million last month, down by 17.8% compared with March.
The operators submitted $25.2 million in taxes and payments to the state during April, including $24.3 million from online casino play and just under $1 million from internet sports betting.
The three Detroit casinos reported paying the city of Detroit $7.2 million in wagering taxes and municipal services fees during April, including $6.6 million from online casino play and $600,000 from online sports betting. Tribes don’t pay anything to Detroit.
Tribal operators reported making $2.7 million in payments to governing bodies.
For the first four months of 2022, aggregate internet casino adjusted revenue totaled $457.6 million and aggregate internet sports betting adjusted revenue was $46.6 million.
During April, 15 operators were authorized for both forms of online wagering.
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