Michigans online gambling earnings decreased by 8.7% in April, hitting $234.8 million.
Michigans sports betting and online gambling providers brought in $234.8 million (equal to £184.7 million / €216.3 million) in earnings in April, a drop of 8.7% from the total earnings in March.
Michigans online gambling earnings decreased by 8.7% in April, reaching $234.8 million.
The March earnings figure was $257.1 million, the highest total for Michigan so far in 2024, though the April figure was lower in comparison. Despite this, the April total earnings were still higher than January and February, which were $229.6 million and $218.5 million respectively.
Compared to the same time last year, April’s earnings rose by 20%, last April, Michigans sports betting and online gambling providers generated $195.7 million in revenue.
Online gambling earnings fell, but sports betting earnings remained steady.
Online gambling earnings dropped from $215.5 million in March to $192.9 million in April, March being Michigans strongest month for online gambling so far.
Meanwhile, sports betting activity also decreased significantly. Michigans online sports betting providers generated $399.1 million in activity in April, down from $480.4 million in March. However, sports betting earnings remained stable in April at $41.9 million.
In terms of monthly adjusted gross earnings (AGR), total earnings for online gambling and sports betting was $201.9 million. Of this, $174.1 million came from online gambling, while online sports betting generated $27.8 million. Monthly AGR for online gambling fell by 10.4%, while sports betting increased by $4.1 million.
However, compared to the same time last year, monthly AGR for online gambling increased by 21%.
The rate of growth for online sports wagering is 13.3%, while the overall growth rate is 4%.
In the fourth month of the year, the state authority collected a total of $37.6 million in monthly levies and payments. This is a decrease of 8.5% from $41.1 million in the third month, with online gaming contributing $35.8 million and online sports betting contributing $1.8 million. Native American operators paid $4.3 million to the regulatory agency in April.
Michigan’s casino earnings decreased in April.
The three commercial casinos in Detroit reported revenue of $109.4 million in April.
These figures are down 11.7% from the previous month, but slightly lower than the $109.7 million recorded in the same period the previous year.
MGM leads the three commercial casinos with a 46% market share. Meanwhile, MotorCity and Greektown Casino-Hotel have market shares of 30% and 24% respectively.
In April, the three casinos paid $9.8 million in taxes and municipal service charges to the city of Detroit. This is down 10.9% from $11 million in March.
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