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Michigan Online Casino Revenue Takes A Dip For Second Month In A Row

Apparently, Michigan online casino players are spending more time outside in the summer sun, as revenue for the month of June took another step backward, with gross gaming receipts falling to $121.5 million, down nearly 5% from May’s $127.4 million, according to a press release sent out by the Michigan Gaming Control Board.

These numbers come on the heels of April’s record $132.4 million month.

Outside of the pullback, not much changed in the booming Michigan iCasino market, with BetMGM continuing to maintain a stranglehold on the top spot with a $47.2 million month.

FanDuel kept second place for the month with $18.5 million and DraftKings maintained its third place standing with $17.9 million. FanDuel was down a bit from April, but DraftKings ticked up.

Fourth place was BetRivers at $7.6 million.

Fifth place was where there was a shakeup, with Caesars continuing its push up the charts with a $5.9 million month. WynnBET jumped up to sixth with $4.6 million, and Golden Nugget took a big tumble, down to $4.4 million from nearly $6.2 million in May.

The best of the rest is as follows: Barstool at $4.2 million (up from $3.8 million in May), Four Winds at $2.8 million, Stars at $2.4 million, Soaring Eagle at $2 million, Parx $1.7 million, TwinSpires at $471,371, and PointsBet at $414,351. 

For the month, the online casinos paid $22.5 million to the state in taxes, $6 million to the city of Detroit, and another $2.5 million to the tribal operators.

Photo: Shutterstock

The post Michigan Online Casino Revenue Takes A Dip For Second Month In A Row appeared first on MIBets.

Author: Bradley King