{"id":7189,"date":"2024-05-22T06:21:26","date_gmt":"2024-05-22T06:21:26","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/05\/22\/michigan-igaming-and-online-sports-betting-revenues-dip-in-april\/"},"modified":"2024-05-22T06:21:26","modified_gmt":"2024-05-22T06:21:26","slug":"michigan-igaming-and-online-sports-betting-revenues-dip-in-april","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/05\/22\/michigan-igaming-and-online-sports-betting-revenues-dip-in-april\/","title":{"rendered":"Michigan iGaming and Online Sports Betting Revenues Dip in April"},"content":{"rendered":"<div>\n<p>The financial results of Michigan\u2019s commercial and tribal operators for online <a href=\"https:\/\/igaming.org\/sports\/section\/about-sports-betting\/\">sports betting<\/a> and iGaming were released in April. The state\u2019s overall gaming income dropped to $234.8 million in April, the second-highest amount to date, following a record-breaking March.<\/p>\n<p>The decline in iGaming income, which dropped from $215.15 million in March to $192.9 million in April, is the main cause of the decline. Revenue from online sports betting did, however, continue to trend somewhat, falling from $41.93 million to $41.9 million.<\/p>\n<h2><strong>Adjusted Gross Receipts<\/strong><\/h2>\n<p>Internet sports betting and iGaming brought in a combined $201.93 million in adjusted gross revenues (AGR) in April. Of this, $27.77 million came from online sports betting, and $174.16 million from iGaming. Comparing this to March, the AGR for iGaming dropped by 10.4%, while the AGR for sports betting increased by 4.1%.<\/p>\n<p>With $399.1 million in total handling from online sports betting in April, there was a 16.9% decrease from March. $37.6 million in taxes and fees were paid by operators to the state; $35.8 million came from online sports betting and $1.8 million from iGaming.<\/p>\n<p>In April 2024, fifteen commercial and tribal operators will have the legal right to provide online sports betting and\/or iGaming. Right now, all 15 companies offer iGaming, although only 13 offer online sports betting.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/sbet\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Sportbet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/12\/250x250-sportbetone.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/sbet\/\" title=\"Sportbet\" target=\"_blank\" rel=\"nofollow noopener\">Sportbet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>175% Extra +<strong> $75 Risk Free Bet<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 175% on 1st Deposit + $75 Risk Free Bet<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/sbet\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/michigan-igaming-and-online-sports-betting-revenues-dip-in-april\/\">Michigan iGaming and Online Sports Betting Revenues Dip in April<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The financial results of Michigan\u2019s commercial and tribal operators for online sports betting and iGaming were released in April. The state\u2019s overall gaming income dropped to $234.8 million in April, the second-highest amount to date, following a record-breaking March. The decline in iGaming income, which dropped from $215.15 million in March to $192.9 million in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7189","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7189"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7189\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}