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Michigan Online Gaming Revenue Suffers 8.7% Drop In April 2024

Ben Horlock

Michigan online gaming revenue suffered an 8.7% drop in April 2024, sports betting and igaming operators reported. 

The figure of $234.8Million was just under 9% less than what was generated in March. In fact, the total of $257.1m which was reported is the highest that has been recorded this year.

Despite April’s decline, the revenue total still beat January and February, which produced $229.6m and $218.5m respectively. Furthermore, year-on-year April revenue was an impressive 20% more than in 2023.

In April 2023, Michigan sports betting and iGaming operators reported revenues of $195.7m. When looking solely at iGaming for this year, revenue fell from $215.5m in March to $192.9m in April.

Similarly, Michigan’s sports betting handle also endured a steep drop. Operators in the Great Lake State confirmed that they took $399.1m in bets in April. This was down from $480.4m in March.

Michigan Online Gaming Revenue

Nonetheless, the sports betting revenue in April was relatively stable at $41.9m. When taking into account monthly adjusted gross receipts (AGR), sports betting and iGaming combined for a total of $201.9m.

Online sports betting generated $27.8m with iGaming responsible for the remaining $174.1m. The AGR for sports betting increased $4.1m compared to March 2024. IGaming’s AGR dropped by 10.4% for the same period.

In terms of year-on-year, sports betting AGR increased by 13.2% with iGaming also seeing an impressive increase of 21.4%. Monthly taxes paid to the state of Michigan were $37.6m in April.

Compared to March’s figure of $41.1m, this was down by 8.5%. Online sports betting contributed $1.8m with iGaming responsible for $35.8m.

Earlier this month, Detroit’s three land-based casinos reported revenues of $109.44m for April 2024. However, that figure was down 11.7% month-on-month. In terms of year-on-year, $109.7m was reported so there was a very slight increase.

The three casinos paid the city of Detroit $9.8m in taxes and municipal services fees during April.

Ben Horlock

Ben is an experienced news and features writer who specializes in providing expert guides on all aspects of online and in-person gambling. Ben has over ten years experience writing for web-based audiences and has strong expertise in casinos, online cryptocurrency gambling platforms as well as slots and table games. Ben has been published across a number of english international news outlets, including InstantCasinos and BitcoinCasino. As well, Ben has worked in social media for four years in the sports gambling industry.