Michigan’s April iGaming and Sports Betting Revenue Drops by Nearly 9%
In April, Michigan’s commercial and tribal gaming operators reported a combined total of $234.8 million in gross receipts from iGaming and sports betting. This figure represents an 8.7% decline from March’s $275.1 million.
Breakdown of Gross Receipts
The total gross receipts comprised $192.9 million from iGaming and $41.9 million from sports betting.
The adjusted gross receipts (AGR) for the month were $201.93 million, with iGaming contributing $174.16 million and internet sports betting accounting for $27.77 million.
The internet sports betting handle for April was $399.1 million, marking a 16.9% decrease from March.
Operators Performance Breakdown
FanDuel had a strong month, both digitally and in-person. The digital platform earned $20.4 million in gross revenue with a 13.3% hold on $153.4 million in bets, marking its best hold rate since June last year.
DraftKings maintained its streak of eight-figure monthly revenues, winning $10.5 million from $106.3 million in bets, achieving a 9.9% hold rate — its best performance in 2024.
BetMGM reported a 9.8% win rate from online bets, yielding $5.7 million in gross revenue from a $58.1 million handle. Its retail sportsbook at MGM Grand matched FanDuel’s win rate of 13.6%, bringing in $520,800 from $3.8 million in bets.
Tax Contributions
Operators in Michigan reported a total of $37.6 million in taxes and payments to the state for April.
The three Detroit casinos alone contributed $9.82 million in wagering taxes and municipal services fees to the City of Detroit. Additionally, tribal operators reported making $4.3 million in payments to their respective governing bodies.
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