Revenue Breakdown And Notable Developments
IGaming leads the way as the state’s Gaming Control Board reports 3.2% monthly rise in gross receipts.
The Michigan Gaming Control Board announced that iGaming and sports betting operators, both commercial and tribal, generated $220.86 million in revenue for July. This represents a 3.2% increase from June, with iGaming bringing in $191.44 million and sports betting contributing $29.42 million. The total adjusted gross receipts (AGR) for July reached $189.5 million, with iGaming AGR increasing by 4.7% compared to June. Additionally, iGaming and sports betting AGR grew by 24.7% and 5.2%, respectively, compared to July 2023. Operators paid a total of $37.1 million in taxes, including $9.11 million from Detroit. Detroit’s three casinos generated $105.9 million in revenue, with MGM Casino leading in market share and revenue. Tribal operators also made $4.5 million in payments to state authorities.
BetMGM Launches New Game In Michigan
BetMGM recently announced the launch of its new Hybrid Dealer game, MGM Bonus City, in Michigan, following its successful debut in New Jersey.