Poker Coverage: Poker Tournaments Casino News Sports Betting Poker Strategy

Michigan Online Casinos Win $127.4 Million In May

Internet Gaming Win Down Slightly From Record Set In April

Print-icon
 

The State of Michigan turned in another big month in the world of online casino gaming.

Michigan commercial and tribal operators in May reported a combined $160.9 million total gross internet gaming receipts and gross sports betting receipts. Receipts declined by 1.4% compared with April results.

May internet gaming gross receipts were $127.4 million, falling 3.8% from the Michigan record $132.4 million reported in April. Gross sports betting receipts were $33.5 million, a 9.1% increase compared with $30.7 million recorded in April.

Combined total adjusted gross receipts and adjusted gross sports betting receipts were $137.2 million, including $114.7 million from internet casino gaming and $22.5 million from internet sports betting. Monthly internet gaming adjusted gross receipts declined 3.9% from April, and internet sports betting adjusted gross receipts rose nearly 35%.

Compared with May 2021, internet gaming adjusted gross receipts rose 28.8% during May, and internet sports betting adjusted gross receipts were 127.4% higher than last year.

Total internet sports betting handle at $333.4 million dropped 10.2% compared with April results.

The operators submitted $24.6 million in taxes and payments to the State of Michigan during May including $23.5 million from internet gaming and $1.1 million from internet sports betting.

The three Detroit casinos reported paying the City of Detroit $7.1 million in wagering taxes and municipal services fees during May, including $6.4 million from internet gaming and nearly $700,000 from internet sports betting.

Tribal operators reported making $2.7 million in payments to governing bodies.

For the first five months of 2022, aggregate internet gaming adjusted gross receipts totaled $572.3 million, and aggregate internet sports betting adjusted gross receipts were $69 million.

During May, 15 operators were authorized for both forms of online wagering.

 
 
Tags: Michigan