US – Online gaming falls slightly in Michigan in MayBy Phil - 17 June 2022
Michigan commercial and tribal operators in May reported a combined $160.9m total gross internet gaming receipts and gross sports betting receipts. Receipts declined by 1.4 per cent compared with April results.
May internet gaming gross receipts were $127.4m, falling 3.8 per cent from the Michigan record $132.4m reported in April. Gross sports betting receipts were $33.5m for a 9.1 per cent increase compared with $30.7m recorded in April.
Combined total adjusted gross receipts and adjusted gross sports betting receipts were $137.2m, including $114.7m from internet casino gaming and $22.5m from internet sports betting. Monthly internet gaming adjusted gross receipts declined 3.9 per cent from April, and internet sports betting adjusted gross receipts rose nearly 35 per cent.
Compared with May 2021, internet gaming adjusted gross receipts rose 28.8 per cent during May, and internet sports betting adjusted gross receipts were 127.4 per cent higher than last year.
Total internet sports betting handle at $333.4m dropped 10.2 per cent compared with April results.
The operators submitted $24.6m in taxes and payments to the State of Michigan during May including internet gaming taxes and fees of $23.5m and internet sports betting taxes and fees of $1.1m.
The three Detroit casinos reported paying the City of Detroit $7.1m in wagering taxes and municipal services fees during May including:
Tribal operators reported making $2.7m in payments to governing bodies.
For the first five months of 2022, aggregate internet gaming adjusted gross receipts totaled $572.3m, and aggregate internet sports betting adjusted gross receipts were $69m. An online gaming and sports betting revenue distribution table is available on the agency’s website. During May, 15 operators were authorised for both forms of online wagering. Details for each operator’s internet gaming and internet sports betting results are available on the MGCB website.