Michigan igaming rises 88.1% year-over-year in June
Michigan’s online operators have generated US$256.5 million in adjusted gross receipts in June, an 88.1% year-over-year increase compared to last year’s US$136.4 million.
The figures, published by the Michigan Gaming Control Board, report that of the combined total, igaming contributed US$226 million, rising from $164.6 million, a year-over-year increase of 37.3%.
Internet sports betting also reported year-over-year growth in June, with AGR rising to US$30.5 million, a US$58.7 million increase. The monthly sports betting handle also rose year-over-year, rising from US$278.6 million to US$302.7 million, an 8.7% increase.
Yet, despite year-over-year growth, igaming AGR dropped 4.3% month-over-month from US$236.2 million reported in May. Internet sports betting also declined compared to May’s figure, decreasing from US$35.6 million, a 14.4% drop.
Additionally, online operators submitted US$48.9 million in state taxes and payments, including US$47.1 million from igaming and US$1.8 million from sports betting, while tribal operators reported US$5.8 million in payments to their governing bodies.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
