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Michigan online gambling revenue edges down in May


The Michigan Gaming Control Board (MGCB) reported a second consecutive month of online gambling revenue decline in May, with the $114.3m generated during the month down 0.8% from April.

Online casino accounted for $94.9m of all revenue for the month, level with April’s total, but online sports betting revenue declined 4.4% month-on-month to $19.5m.

Spending at online casinos also remained level at $94.9m in May, though while Michigan’s sports betting handle was far greater at $237.6m, this was 4.9% down from the $249.9m wagered in April and the lowest full monthly total since the market launched in January.

The state generated $18.1m from taxes on online casino during May, as well as a further $615,153 in online sports betting taxes.

Tax is based on adjusted gross receipts – revenue minus bonuses – which edged up 0.6% to $99.6m in April. Adjusted gross receipts from online casino was 0.3% higher at $89.1m, but sports betting slipped 8.3% to $9.9m.

“Adjusted gross receipts for internet casino gaming were up two-tenths of a percent compared with April, which means state, city and tribal governments received more revenue,” MGCB executive director Henry Williams said.

“The event-driven sports betting handle dropped 4.9% compared with April. While Michigan does allow wagering on horse racing’s largest events through its regulated track and advance deposit wagering, it does not permit wagering on horse racing through the online sportsbooks.”

Turning to operator performance, the MGM Grand Detroit’s BetMGM product led the way in online casino with $36.1m in revenue for the month, some way ahead of closest rival an FanDuel partner MotorCity Casino on $14.7m. The Bay Mills Indian Community – which partnered with DraftKings – followed in third with $14.1m in igaming revenue.

For online sports betting, MotorCity Casino ranked top in May with $9.3m in revenue, ahead of MGM Grand Detroit on $5.3m and the Bay Mills Indian Community with $1.9m.