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Michigan operators report $185.8 million in May revenue21 June 2023(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $185.8 million total internet gaming gross receipts and gross sports betting receipts in May. Gross receipts decreased 5.1% compared to April results. May internet gaming gross receipts totaled $150.6 million and gross sports betting receipts totaled $35.2 million. In April 2023, internet gaming gross receipts were $159.4 million and gross sports betting receipts were $36.3 million. Combined total internet gaming and internet sports betting adjusted gross receipts were $157.5 million, including $135.5 million from internet gaming and $22.0 million from internet sports betting in May 2023. These figures are 5.5% and 10.2% decreases compared to April 2023, but are an 18.1% increase and a 2.0% decrease, respectively, compared to May 2022 reported revenues. Total internet sports betting handle at $288.3 million was down by 10.7% from the $322.8 million handle recorded in April 2023. The operators reported submitting $29.4 million in taxes and payments to the State of Michigan during May, including: - Internet gaming taxes and fees: $28.0 million - Internet sports betting taxes and fees: $1.4 million The three Detroit casinos reported paying the City of Detroit $7.6 million in wagering taxes and municipal services fees during May, including: - Internet gaming taxes and fees: $7.0 million - Internet sports betting taxes and fees: $642,422 Tribal operators reported making $3.4 million in payments to governing bodies in May. An online gaming and sports betting revenue distribution table is available on the agency’s website. During May, a total of 15 operators offered internet gaming and internet sports betting. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website.
Michigan operators report $185.8 million in May revenue
is republished from iGamingNews.com.
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