Finance

Michigan betting and igaming revenue grows to $127.4m in March

| By Daniel O'Boyle
Online betting and gaming operators in Michigan brought in $127.4m in March, a 42.8% month-on-month increase in the second full month of online activity, thanks in part to betting on the NCAA basketball tournament.

The majority of this revenue – $95.1m, up 19.3% from February – came from online casino gaming. 

Sports betting, meanwhile, brought in $32.3m, up 240.0%.

Michigan Gaming Control Board executive director Richard S. Kalm said this increase was largely due to betting on the NCAA basketball tournament.

“It looks like March Madness added a bounce to the sports betting handle, which jumped 19.1 percent from February, and internet gaming seemed to increase in popularity with monthly adjusted gross receipts going up 18 percent from February,” Kalm explained.

Read the full story on iGB North America

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