Michigan igaming and sports betting revenue reaches $160.9m in May
The figure was down 1 per cent month-on-month but up against last year.
US.- Michigan’s igaming and sports betting revenue for May was $160.9m, a 1 per cent decline month-on-month. Gross igaming receipts totalled $127.4m, down 4 per cent from the record $132.4m reported in April.
GGR for sports betting reached $33.5m, a 9 per cent increase from the $30.7m recorded in April. Of that, $22.5m was taken via online sports betting.
The online sports betting handle was $333.4m, down 10 per cent compared to April. The top three performers by handle were FanDuel, with $103.6m, BetMGM with $85.4m, and DraftKings, which reported $69m.
Although Michigan’s May results represent a combined month-on-month decline, GGR for igaming was up nearly 29 per cent compared to the same month in 2021, while online sports betting was up 127 per cent year-on-year.
Michigan received $24.6m in taxes from operators, $23.5m came from iGaming and $1.1m from online sports betting.
Michigan allows interstate online poker competitions
The Michigan Gaming Control Board has signed an agreement that allows Michigan online poker players to compete across state lines. Michigan joins Delaware, Nevada, and New Jersey as a member of the Multi-State Internet Gaming Agreement.
Michigan Gaming Control Board executive director Henry Williams said: “I am happy to announce Michigan has joined the multistate poker compact, and much of the increased tax revenue from multistate poker will go to support K-12 education in Michigan. By joining, Michigan will almost double the potential pool of participants in multistate poker games.
