Gross online gambling revenue across iGaming and sports betting in Michigan hit $285.2 million in June, the second-highest monthly total in the history of the state’s regulated market.
The June total fell short of the record $301.4 million set in May of this year, according to the Michigan Gaming Control Board. However, it beat last year’s haul of $214.1 million by 40.8%.
After promotional spending, adjusted gross receipts in June totalled $256.5 million. This was 5.6% behind last year
Double-digit growth for Michigan iGaming
Breaking this down, iGaming accounted for $240.6 million of monthly gross revenue, up 31.3% year-on-year. Adjusted gross revenue was, however, down 4.3% at $226 million.
FanDuel and MotorCity Casino led the market in Michigan during June. The partnership drew $62.3 million in gross receipts and $58.6 million adjusted gross receipts.
FanDuel and MotorCity Casino, which ranked first in May, placed second with a $60.3 million/$56.7 million split. DraftKings and the Bay Mills Indian Community remained third with a split of $38.7 million and $36.4 million.
Commercial iGaming tax payments for the month reached $47.1 million. Detroit received a further $11.8 million, while tribal operators paid $5.8 million to governing bodies.
Sports betting revenue also rises in June
Turning to online sports betting, gross revenue was $44.6 million, an increase of 44.3%. However, as was the case with online casino play, adjusted gross revenue dropped 14.4% to $30.5 million.
Handle-wise, customers wagered $302.7 million on sports in June, a rise of 9.4%. This meant a monthly hold of 14.73% based on gross revenue and 10.08% on adjusted revenue.
FanDuel and MotorCity Casino remain the ones to beat in Michigan. Posting $18.5 million in gross revenue off a $103.4 million handle meant a hold of 17.89%.
DraftKings and the Bay Mills Indian Community were again second, taking $13.1 million from $95 million for a 13.79% hold. BetMGM and MGM Grand Detroit took third with $5.4 million off $40.9 million for a hold of 13.2%.
Sports betting tax payments to the state topped $1.8 million while Detroit received a total of $527,932.
Detroit casino revenue exceeds $100 million
Turning to the land-based market, total revenue from Detroit’s three commercial casinos hit $101 million. This was 4.2% behind last year’s figure.
Table games and slot machines generated $100.4 million in revenue, while sports betting’s share was $665,435. MGM Grand Detroit led the market with a 48% share, followed by MotorCity on 31% and Hollywood Casino with 21%.
State gaming taxes amounted to $8.1 million while Detroit received $11.9 million. Casinos also paid $25,153 in state retail sports betting tax and $30,743 to Detroit.
Some $240.6 million of all online gambling revenue in Michigan during June came from digital casinos.