Michigan igaming revenue increases in May
Gross receipts were up 3.7 per cent from April.
US.- Michigan’s commercial and tribal internet gaming operators reported a combined total of $301.43m in gross receipts from igaming and internet sports betting in May. That’s a 3.7 per cent increase from April. The internet sports betting handle was $386.1m, down 7.6 per cent from April’s $417.6m.
According to the Michigan Gaming Control Board (MGCB), igaming gross receipts totalled $251.47m, up from $248.1m in the previous month. Gross sports betting receipts were $49.96m, up from $42.6m.
Combined adjusted gross receipts (AGR) for igaming and internet sports betting reached $271.8m. Of the total, $236.2m came from igaming and $35.6m from online sports betting. Year-over-year, igaming AGR rose 32.2 per cent and sports betting AGR 26.6 per cent.
Operators reported submitting $51.1m in state taxes and payments. Detroit’s three commercial casinos reported $13.35m in wagering taxes and municipal services fees paid to the City of Detroit.
Michigan regulator orders five unlicensed online gambling sites to cease operations
The Michigan Gaming Control Board (MGCB) has issued cease-and-desist orders to five online gambling operators after discovering they were targeting state residents. According to MGCB, BoVegas Casino, BUSR, Cherry Gold Casino, Lucky Legends, and Wager Attack Casino were violating Michigan’s Lawful Internet Gaming Act, the Michigan Gaming Control and Revenue Act, and the Michigan Penal Code.
The regulator’s investigations found the sites had been accepting wagers and deposits from Michigan residents on sports events, slots, blackjack, and other casino games without a local licence.
