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Michigan iGaming, sports betting operators report April revenue21 May 2024(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $234.8 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in April. Gross receipts decreased 8.7% compared to last month. Monthly Gross Receipts April iGaming gross receipts totaled $192.9 million and gross sports betting receipts totaled $41.9 million. In March, gross sports betting receipts were $215.15 million and gross sports betting receipts were $41.93 million. Monthly Adjusted Gross Receipts Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for April were $201.93 million, including $174.16 million from iGaming and $27.77 million from internet sports betting — representing an iGaming decrease of 10.4% and a sports betting increase of 4.1% when compared to last month. Compared to a year ago, in April 2023, iGaming AGR was up by 21.4% and sports betting was up by 13.3%. Monthly Handle Total April internet sports betting handle at $399.1 million was down by 16.9% from the $480.4 million handle recorded in March 2024. Monthly State Taxes/Payments The operators reported submitting $37.6 million in taxes and payments to the State of Michigan during April, of which: - iGaming taxes and fees = $35.8 million - Internet sports betting taxes and fees = $1.8 million Monthly City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $9.82 million in wagering taxes and municipal services fees during April, of which: - iGaming taxes and fees = $9.1 million - Internet sports betting taxes and fees = $724,986 Monthly Tribal Operators’ Payments Tribal operators reported making $4.3 million in payments to governing bodies in April.
Michigan iGaming, sports betting operators report April revenue
is republished from Online.CasinoCity.com.
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