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Michigan online gambling revenue edges down in May

| By Robert Fletcher
The Michigan Gaming Control Board (MGCB) reported a second consecutive month of online gambling revenue decline in May, with the $114.3m (£81.0m/€94.3m) generated during the month down 0.8% from April.
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Online casino accounted for $94.9m of all revenue for the month, level with April’s total, but online sports betting revenue declined 4.4% month-on-month to $19.5m.

Spending at online casinos also remained level at $94.9m in May, though while Michigan’s sports betting handle was far greater at $237.6m, this was 4.9% down from the $249.9m wagered in April and the lowest full monthly total since the market launched in January.

The state generated $18.1m from taxes on online casino during May, as well as a further $615,153 in online sports betting taxes.

Tax is based on adjusted gross receipts – revenue minus bonuses – which edged up 0.6% to $99.6m in April. Adjusted gross receipts from online casino was 0.3% higher at $89.1m, but sports betting slipped 8.3% to $9.9m.

Read the full story on iGB North America.

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