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Michigan’s Gambling Landscape Remains Robust in July
In July, the gambling scene in Michigan demonstrated remarkable resilience, with gross revenue from online casinos and internet sports betting hitting $284.6 million. This figure fell just shy of the state’s record, reflecting a mere 5.6% decrease compared to the peak reached in May.
Previously, Michigan set an impressive benchmark in May, amassing $301.4 million in revenue. However, July’s figures showcased a significant year-on-year growth of 28.8%, closely matching June’s revenue, which totaled $285.2 million.
According to the Michigan Gaming Control Board, after accounting for promotional expenses, the adjusted gross receipts amounted to $259.1 million, marking a 36.7% increase compared to the previous year.
Leading the Pack: iGaming Dominates
iGaming once again asserted its dominance, generating $250.5 million in gross revenue—an impressive year-on-year increase of 30.9%. Adjusted revenue reached $235.2 million, up 36.5% from the prior year.
In terms of market leaders, FanDuel and MotorCity Casino held the top position, accruing over $63.1 million in iGaming revenue, with adjusted figures of $59.3 million. BetMGM and MGM Grand Detroit followed closely behind, reporting revenue of $62 million and adjusted revenue of $58.3 million. Notably, DraftKings and the Bay Mills Indian Community secured the third spot with combined revenues of $41.6 million and $39.1 million.
On the tax front, commercial iGaming contributions hit $49.1 million, with Detroit receiving $12.1 million, while tribal operators contributed $6.1 million to regulatory bodies.
Sports Betting: A Rising Trend
July also marked a positive trend in sports betting, as gross revenue surged 16% from July 2024, reaching $34.1 million. Adjusted revenue saw an even greater rise of 38.7%, totaling $23.9 million. Online betting handle increased by 13%, amounting to $282.7 million, resulting in a monthly hold of 12.06%.
FanDuel and MotorCity Casino maintained their dominance in the sports betting sector, generating $14.1 million in gross revenue on wagers totaling $90.4 million, which translates to a monthly hold of 15.6%. DraftKings and the Bay Mills Indian Community followed with $9.4 million from an $87.9 million handle, recording a 10.69% hold. BetMGM and MGM Grand Detroit reported $5.2 million from a $36.9 million handle, resulting in a 14.09% hold.
Sports betting tax contributions to the state reached $1.4 million, while Detroit received $411,627.
A Slight Uptick in Detroit Casino Revenue
The latest figures from the Michigan regulator shed light on the performance of Detroit’s three commercial casinos. In July, their revenue reached $107 million, slightly surpassing last year’s total of $106.3 million.
The combined revenue from table games and slot machines amounted to $106 million, complemented by retail sports betting revenue of $1 million. MGM Grand Detroit led the market with an impressive 48% share, closely followed by MotorCity at 30% and Hollywood Casino capturing 22%.
State gaming taxes collected soared to $8.6 million, with Detroit receiving around $12.6 million. Additionally, the casinos contributed $39,006 in state retail sports betting tax and $47,674 to the city.
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