April Revenues Drop For Michigan Casinos From Record High March

April Revenues Drop For Michigan Casinos From Record High March
Fact Checked by Jim Tomlin

The heart of spring continues to produce strong numbers in the Great Lakes State, though Michigan online casinos reported a 10.4% month-over-month drop in total adjusted gross receipts (TAGR). That led to a 9.2% decline in tax dollars for iGaming operators month-over-month in April.

Michigan also had an 11.8% dropoff in retail casino total adjusted gross receipts and matching declines in state and city wagering taxes.

Breakdown Of April Casino Revenue

Overall, Michigan iGaming operators took in $174,164,903 in total adjusted gross receipts in April, compared to March’s total of $194,469,136. But it’s worth noting that the March total was a state record, and the April number was the second-highest figure in state history. Entering 2024, the high mark for TAGR was nearly $163.27 million in December 2023; this year, that figure has been surpassed in three out of four months.

Retail casinos in the state had $107,872,951 in total adjusted gross receipts during the fourth month of the year, down 11.8% from March’s total of $122,262,266.

Michigan’s iGaming operators saw a 9.2% drop in state tax dollars, from $39,439,011 in March to $35,804,229 in April. Retail operators finished down 11.8% in state taxes (a drop from $9,903,244 to $8,737,709) as well as city taxes (from $14,549,210 to $12,836,881) from wagering.

Statewide, the leader when it came to adjusted revenue in April among the state’s three Detroit casinos was MGM Grand Detroit, at $49,864,647, followed by MotorCity Casino ($32,678,075) and Greektown Casino ($25,330,230). Outside of the Motor City, the revenue leaders among casinos were Bay Mills Indian Community ($38,503,700), the Little River Band of Ottawa Indians ($12,451,778) and Grand Traverse Band of Ottawa and Chippewa Indians ($11,287,043) in the Great Lakes State.

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USA Today Network photo by Amanda Inscore/The News-Press

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Author

Christopher Boan is a staff writer for BetMichigan.com. He has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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