April was a record-setting month for Michigan online casinos, with $119.3 million in gross receipts.
That total eclipsed the Great Lakes State’s previous record of $118.578 million set last month.
But aside from the iGaming community, April’s figures were down across the board for Michigan, with retail casinos in the state seeing a 3.4% drop in adjusted gross receipts, month-over-month, from $120.928 million in March to $116.855 million in April.
Michigan sports betting was down month-over-month as well, coming in at $396 million (down 17.5% from $479.967 million in March).
Although handle was down, sports betting revenue and taxes generated were up in April. Taxes taken in increased 15.5% to $1.014 million in April, with $944,006 of that coming from online wagering.
Michigan Sports Betting, April vs. March
iCasino Comes Through for State’s Coffers Again
Michigan online gambling continued to get a lift from its iCasino games.
The iCasino sector’s total adjusted gross receipts state record of $119,310,269 generated $24.3 million in state taxes in April. ICasino games have contributed nearly $90 million in taxes over the first four months of the year.
Sports Betting Handle Follows National Trends
The decline in mobile and retail sports betting handle during April, month-over-month, is similar to the declines seen in other markets in the country.
Other states that have reported April wagering revenues — such as New York ($1.644B to $1.396B), New Jersey ($1.1B to $926.946 million) and Indiana ($476.802 million to $360.023 million) — speak to the general post-March Madness betting lull across the country.
FanDuel continues to be Michigan’s market leader in handle. MotorCity Casino’s FanDuel Sportsbook had $118.4 million in handle in April, although that was down from $140 million in March.
For the second straight month, MGM Grand Detroit’s BetMGM Sportsbook was second in handle in the state. It took in $89.7 million in April.
Bay Mills Indian Community’s DraftKings Sportsbook was third in April with $78 million in handle, down significantly from $102.9 million in March.