Newsletter
Stay informed with the
NEW Casino City Times newsletter!
Related Links
|
Gaming News
Michigan iGaming, sports betting operators report April 2025 revenue 6j5n2720 May 2025(PRESS RELEASE) -- Michigan’s commercial and tribal internet gaming operators reported a combined total of $290.7 million in gross receipts from internet gaming and internet sports betting for April. This reflects a 0.9% decrease compared to March. Monthly Gross Receipts iGaming gross receipts for April totaled $248.1 million, down from $260.5 million in March. Gross sports betting receipts were $42.6 million, up from $33.0 million recorded in the previous month. Monthly Adjusted Gross Receipts Combined adjusted gross receipts for iGaming and internet sports betting reached $259.9 million in April. Of that total, $233.1 million came from iGaming, and $26.8 million came from internet sports betting. This marks a 5.3% decrease in iGaming AGR and a 83.4% increase in sports betting AGR compared to March. Year-over-year, iGaming AGR rose 33.9%, while sports betting AGR declined 3.6% compared to April 2024. Monthly Handle The total internet sports betting handle was $417.6 million in April, a 12.1% decrease from the $475.1 million recorded in March. Monthly State Taxes and Payments Operators reported submitting $49.6 million in state taxes and payments in April, including: - iGaming taxes and fees: $48.2 million - Internet sports betting taxes and fees: $1.4 million Monthly City of Detroit Taxes and Payments Detroit’s three commercial casinos reported $13.1 million in wagering taxes and municipal services fees paid to the City of Detroit in April, including: - iGaming taxes and fees: $12.6 million - Internet sports betting taxes and fees: $504,986 Monthly Tribal Operator Payments Tribal operators reported $5.6 million in payments made to their respective governing bodies in April. Additional Information An detailed revenue distribution table for online gaming and sports betting is available on the agency’s website. As of April 2025, 15 commercial and tribal operators have been authorized to offer iGaming and/or internet sports betting in Michigan. Currently, 12 operators offer internet sports betting, and 15 offer iGaming. < Gaming News 3uy69 Michigan iGaming, sports betting operators report April 2025 revenue is republished from iGamingNews.com.
|