Categories: News & Updates

Revenue from online gambling in Michigan hit a near-record $285.2 million in June.

iGaming brought in $240.6 million of Michigan’s $285.2 million in gross online gambling revenue in June. FanDuel and MotorCity Casino continued to dominate, even though their record was slightly lower than May’s. Taxes paid reached over $64 million.

Digital casinos accounted for around $240.6 million of Michigan’s total online gambling revenue in June.
Online gambling in Michigan June

In June, Michigan’s gross online gambling revenue from sports betting and iGaming reached $285.2 million, the second-highest monthly total in the state’s regulated market’s history.

According to the Michigan Gaming Control Board, the June total was less than the record $301.4 million achieved in May of this year. But that was 40.8% more than the $214.1 million collected the previous year.

June’s adjusted gross receipts, after promotional expenditures, came to $256.5 million. Last year, this was 5.6% behind.

READ MORE: Ohio Governor’s New Laws on Online Casinos Hitting Hard

Double-digit expansion for iGaming in Michigan

When broken down, iGaming generated $240.6 million in gross income per month, a 31.3% increase from the previous year. However, adjusted gross revenue decreased 4.3% to $226 million.

In June, FanDuel and MotorCity Casino dominated the Michigan market. The partnership generated gross receipts of $62.3 million and adjusted gross receipts of $58.6 million.

With a $60.3 million/$56.7 million split, FanDuel and MotorCity Casino, which had been rated #1 in May, came in second. With a $38.7 million and $36.4 million split, DraftKings and the Bay Mills Indian Community came in third.

$47.1 million was paid in commercial iGaming taxes throughout the month. Tribal operators paid government bodies $5.8 million, while Detroit received an additional $11.8 million.

Courtesy: https://www.covers.com, https://www.casino.org, https://pechanga.net

iGaming Content Lead/Editor - TheOceansGame

We are online casino experts with extensive experience in the iGaming industry. After years of working with leading gambling brands, they focus on freelance writing, covering the latest casino games, slot releases, and industry trends. When not crafting in-depth gaming content, they enjoy exploring new strategies and staying up to date with the ever-evolving world of online casinos.

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