Michigan Online Casinos Set Record in April
Michigan Online Casino operators brought in $163.1 million in April. $132.4 million of that revenue came from internet gaming, which surprised the previous all-time high by $700,000.
With The NFL and NCAA (basketball and football) out of season in April, it’s expected that sportsbook revenue would decrease–and it did. The total handle for online sports betting in Michigan was $371.2 million. While that is up nearly 49% from the year before, it is down 17.8% from March.
Michigans Online Casino paid $25.2 million in taxes for the month of April. Detroit's three retail casinos (MGM Grand Detroit, MotorCity Casino Hotel, and Greektown Casino) paid the city $7.2 million, and tribal operators paid $2.7 million.
The state’s revenue total for the month of May is not out yet, so it will surely be interesting to see if Michigan Online Casinos continued to grow, or took a step back.