Online gambling gross receipts in Michigan reached $185.8m in May, an improvement on last year but the second consecutive month of decline.
The combined total from igaming and sports betting across commercial and tribal operators was 15.5% ahead of $160.9m in May 2022. However, this was 5.1% less than the $195.7m generated in April of this year.
Online casino gaming gross receipts amounted to $150.6m, up by 18.2% year-on-year, while gross sports betting receipts climbed 5.1% to $35.2m.
It was also reported that total sports betting handle for the month amounted to $288.3m, a 15.0% drop on last year and a 10.7% decline from April.
Adjusted gross receipts
In terms of adjusted gross receipts, taking into account promotional spending, the combined total was up 14.8% from May 2022 to $157.5m but 6.2% behind $167.9m in April this year.
Adjusted gross receipts from online casino gaming reached $135.5m, up 18.1% year-on-year. However, sports betting adjusted gross receipts slipped 2.2% to $22.0m.
Licensed operators in the state paid $29.4m in total taxes during the month. This included $28.0m in online casino taxes and a further $1.4m in sports betting taxes.
The three Detroit casinos also paid $7.6m in online taxes to the City in May. In addition, tribal operators made $3.4m in payments to governing bodies.
Last week, it was also announced that Detroit’s three land-based commercial casinos posted $105.6m in monthly aggregate revenue for May.
This figure included $104.7m in revenue from table games and slots, as well as $893,732 in retail sports betting revenue.
MGM retained its place at the front of the city’s market with a total market share of 47%. MotorCity followed with 31%, then the Hollywood Casino at Greektown on 22%.