Michigan Digital Gambling Revenue Dips in April
Michigans digital gambling income dipped by 8.7% in April, reaching $234.8 million.
Michigans sports wagering and internet gambling businesses generated $234.8 million in April, a decrease of 8.7% from March’s total earnings. March’s revenue figure was $257.1 million, the highest total Michigan has seen so far in 2024, although April’s figures were lower in comparison. Nevertheless, April’s total revenue was higher than January and February, which were $229.6 million and $218.5 million, respectively.
Compared to the same period last year, April’s revenue rose by 20%, with Michigans sports betting and online gambling operators earning $195.7 million in the same month last year.
Online gambling income decreased to $192.9 million in April from $215.5 million in March, which was Michigans strongest month for online gambling so far. Meanwhile, sports betting also experienced a significant drop in wagers. Michigans online sports betting operators saw $399.1 million in bets in April, down from $480.4 million in March. However, sports betting revenue stayed stable 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 that, $174.1 million came from online gambling, while online sports betting contributed $27.8 million. Monthly AGR for online gambling fell by 10.4%, while sports betting increased by $4.1 million.
However, monthly AGR for online gambling was up 21% compared to the same period last year.
Digital sports wagering revenue increased by 13.3%, while other betting revenue rose by 4%.
Michigan’s total tax and payment income in April was $37.6 million, a decrease of 8.5% from $41.1 million in March. Of this amount, online gambling contributed $35.8 million, with online sports wagering contributing $1.8 million. Native American operators paid $4.3 million to the governing body in April.
**Michigan Casino Earnings Decline in April**
Detroit’s three commercial gambling establishments generated $109.4 million in revenue in April, a drop of 11.7% from March, but slightly higher than the $109.7 million generated in the same period last year.
MGM continues to lead the pack among the three commercial casinos, with a 46% market share. Meanwhile, MotorCity and Greektown Casino Hollywood hold 30% and 24% market share, respectively.
The three casinos paid $9.8 million in taxes and municipal service fees to the city of Detroit in April, a decrease of 10.9% from $11 million in March.
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