Michigan’s Online Gambling Revenues Soar to $239.5 Million in May

The latest figures from the Michigan Gaming Control Board (MGCB) showed revenue totals for May surpassed the $185.8 million recorded in the same period last year but also edged out the $234.8 million generated in April 2023.

Breaking down the numbers, the online casino segment was the primary driver of this success, with gross receipts reaching $198.6 million – which is a 31.9% increase year-over-year. The sports betting sector also contributed significantly, with gross receipts rising 15.2% to $40.9 million and handle increasing by 19.2% to $343.7 million.

The total adjusted gross receipts for the iGaming market climbed 31.2% to $206.8 million, with adjusted online casino receipts jumping 31.9% to $178.7 million and adjusted sports betting receipts increasing by 27.7% to $28.1 million.

Commercial operators in the state contributed $38.8 million in tax and payments to the state, including $37 million for iGaming and $1.8 million for sports betting. Additionally, tribal operators reported making $4.5 million in payments to governing bodies during the month of May.

The growth in online gambling was complemented by a strong performance from Detroit’s three commercial casinos. Revenue for the month of May was 7.2% higher year-over-year, reaching $113.2 million. This included $111.3 million in revenue from table games and slots, a 6.3% increase compared to the previous year. The sports betting segment also contributed, with qualified adjusted gross receipts (QAGR) rising 80.1% to $1.9 million.

Within the Detroit casino market, MGM continued to lead with a 46% market share, followed by MotorCity with 31% and Hollywood Casino at Greektown with 23%.