Michigan Casino Revenue Drops in April A Month After Setting Record

Michigan Casino Revenue Drops in April A Month After Setting Record
By Bill Ordine
Fact Checked by Jim Tomlin

In Michigan, both traditional casino revenues and online casino revenues dropped in April.

For the state’s three commercial casinos in Detroit combined, the April retail casino total adjusted gross receipts were nearly $109.62 million. That was down 6.9% from the March Michigan casino revenue report ($117.8 million).

The April state wagering tax from the brick-and-mortar casinos was about $8.9 million, down 6.9% from March, when it was about $9.5 million. 

The casinos paid $13.0 million in wagering taxes and development agreement payments to the City of Detroit during April; in March it was a little over $14 million, also a 6.9% decrease.

 
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Breakdown of Detroit Casinos

Of the three brick-and-mortar Detroit casinos, MGM was the revenue leader in April with $50.2 million followed by Motor City with $34.2 million and Hollywood Casino at Greektown with $25.2 million. The MGM company also operates the BetMGM online casino MI.

Among online casino operators, the April total adjusted gross receipts (AGR) for iGaming were $143.42 million, which was down 7.3% from the record total set in March ($154.65 million). 

Overall for online casino Michigan companies, MGM Grand was also the leader with $46.1 million in AGR, followed by MotorCity with $28.2 million in AGR, and Bay Mills Indian Community with $25.3 million in AGR.

The April total state tax for iGaming was a little more than $29.43 million, a decrease of 5.8% from March (about $31.26 million).

For commercial online operators, city taxes and municipal fees were $7.49 million. For tribal online operators, governing body of jurisdiction payments were about $3.56 million.

Michigan Casino Apps in April

The Great Lakes State is one of six markets with legal, regulated iGaming, with Michigan casino apps having launched in early 2021.

The other states offering online casinos are New Jersey, Delaware, Pennsylvania, Connecticut and West Virginia. Many other states have had discussions about adding iGaming and some have even had bills proposed in their legislatures, but the list of legal online casino states has remained stuck at six for more than a year.

At GreatLakesStakes, we cover one of the most  robust and competitive online casino markets anywhere, with options including Michigan online slots, blackjack, roulette, poker and more.

 
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Author

A longtime reporter and editor who began writing on casinos and gaming shortly after Atlantic City’s first gambling halls opened, Bill covered the world Series of Poker and wrote a syndicated column on travel to casino destinations for a decade.

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