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Internet gaming in Michigan slightly down in May16 June 2022(PRESS RELEASE) -- Michigan commercial and tribal operators in May reported a combined $160.9 million total gross internet gaming receipts and gross sports betting receipts. Receipts declined by 1.4% compared with April results. May internet gaming gross receipts were $127.4 million, falling 3.8% from the Michigan record $132.4 million reported in April. Gross sports betting receipts were $33.5 million for a 9.1% increase compared with $30.7 million recorded in April. Combined total adjusted gross receipts and adjusted gross sports betting receipts were $137.2 million, including $114.7 million from internet casino gaming and $22.5 million from internet sports betting. Monthly internet gaming adjusted gross receipts declined 3.9% from April, and internet sports betting adjusted gross receipts rose nearly 35%. Compared with May 2021, internet gaming adjusted gross receipts rose 28.8% during May, and internet sports betting adjusted gross receipts were 127.4% higher than last year. Total internet sports betting handle at $333.4 million dropped 10.2% compared with April results. The operators submitted $24.6 million in taxes and payments to the State of Michigan during May including: - Internet gaming taxes and fees: $23.5 million - Internet sports betting taxes and fees: $1.1 million The three Detroit casinos reported paying the City of Detroit $7.1 million in wagering taxes and municipal services fees during May including: - Internet gaming taxes and fees: $6.4 million - Internet sports betting taxes and fees: $693,999 Tribal operators reported making $2.7 million in payments to governing bodies. For the first five months of 2022, aggregate internet gaming adjusted gross receipts totaled $572.3 million, and aggregate internet sports betting adjusted gross receipts were $69 million. An online gaming and sports betting revenue distribution table is available on the agency's website. During May, 15 operators were authorized for both forms of online wagering. Details for each operator's internet gaming and internet sports betting results are available on the MGCB website.
Internet gaming in Michigan slightly down in May
is republished from Online.CasinoCity.com.
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