The month of May delivered a return to month-over-month growth in the Great Lake State’s iGaming marketplace, with a 2.6% jump in adjusted gross receipts and a 3.5% increase in online casino taxes.
In total, Michigan online casino operators reported total adjusted gross receipts of $178,719,475 in May, up 2.6% from April’s total of $174,164,903. That was the state’s first month-over-month growth since going from $188,032,275 in February to $215,153,827 in March.
The tax bill for Michigan iGaming operators wrapped up at $37,046,569 in May, which represented a 3.5% increase over the total reported to the Michigan Gaming Control Board in April ($35,804,229). That illustrated the strength of the state’s online casino market during the fifth calendar month.
As far as individual operators were concerned, MGM Grand Detroit had the largest total online casino handle in May, at $51,625,144, followed by MotorCity Casino Detroit ($51,502,951), Bay Mills Indian Community ($34,921,179), the Little River Band of Ottawa Indians ($12,518,671) and the Grand Traverse Band of Ottawa and Chippewa Indians ($11,841,620).
In total, non-tribal online casino operators – offering Michigan online casino bonuses – chipped in $9,380,801 in city wagering taxes and municipal service fees in May. Tribal operators threw in $4,498,335 in governing body of jurisdiction payments.
Retail Casinos Show Strength in May
The good news wasn’t limited to operators in May. Retail operators also reported a 3.2% month-over-month increase in total adjusted gross receipts and a corresponding jump in city and state wagering taxes.
In total, Michigan’s retail casinos had $111,341,364 in total adjusted gross receipts in May, up from April’s total of $107,872,951, and the state’s tax take rose from $8,737,709 in April to $9,018,650.
Finally, the Detroit city wagering tax haul for Michigan’s retail casinos finished up at $13,249,622, again a 3.2% increase from $12,836,881 the previous month.
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