The Michigan Gaming Control Board (MGCB) reported that combined revenue from online casinos and internet sports betting was $148.2 million (£125.1 million/€147.3 million) in July, with the state The third straight month of decline in
Total internet gaming and sports betting revenues from commercial and tribal operators in July increased 8.3% from $136.9 million in June this year, with totals up 32.4% from $111.9 million in July 2021 Increased.
Total online gaming revenue increased 37.2% year-on-year to $126.6 million, while sports betting total revenue increased 10.2% to $21.6 million, with a 9.6% increase in turnover.
Gross adjusted gross revenue, which takes into account promotional expenses, increased 37.4% from July last year to $131.2 million. Of this total, $117.2 million came from igaming and $14 million from sports betting.
Licensed businesses filed $24.9 million in taxes and payments to the state during the month of July. Of that, $24.1 million came from gaming taxes and fees and $815,409 from sports betting.
Year-to-date, Internet gaming adjusted gross revenue was $798.9 million for the seven months ended July, while Internet sports betting adjusted gross revenue reached $88.1 million.
Last week, MGCB also announced the following: Year-over-year decline in revenue from three commercial casinos in Detroit in JulyTotal revenue was $107.2 million, down 8.3% from July 2021, although each casino’s revenue declined year-on-year.
MGM Grand revenues were down 4.7% to $51.2 million, MotorCity Casino revenues were down 9.6% to $34.8 million, and Hollywood Casino Greektown revenues were down 15.0% to $19.9 million.
Also last week, MGCB decided to renew the licenses of three commercial casinos. After receiving unanimous approval from the Commissioner, the casino will be allowed to operate for another year with a license.
