The MGCB, Michigan’s gaming regulatory body, reported YoY and MoM revenue growth across different gambling niches in August 2024. The increase was seen in both digital and offline operations.
Figures in the Online Segment
The aggregated GGR from iGaming platforms and web sportsbooks accounted for $ 224 million in the reporting period, up 27.7% yearly and 1.4% monthly.
Gross turnover distribution by sectors:
- casinos — $ 196.7 million, up 29.2% YoY;
- betting portals — $ 27.4 million, up 18.1%.
The regulatory body also set apart the AGR indicator (adjusted gross receipts) to better illustrate the state’s achievements and shifts considering marketing expenses. In August, this figure for both digital niches reached $ 193.2 million, a 26.2% YoY rise.
AGR distribution by sectors:
- casinos — $ 176.9 million, up 30.9% yearly;
- betting portals — $ 16.3 million, up 2.5%.
Michigan’s bookmakers reported $ 280.1 million in handle, which is over 28% more than in the same period in 2023.
Operators from both spheres contributed $ 37.8 million to the taxation system. Out of this:
- casinos brought $ 36.9 million;
- betting portals sent $ 874,501 to fiscal authorities.
Digital Market Leaders
BetMGM has once again become the best in the local iGaming segment. Thanks to its cooperation with MGM Grand Detroit, the brand managed to gain $ 52.5 million in GGR and $ 47.2 million in AGR.
Other frontrunners demonstrated the following gross (adjusted) figures:
- FanDuel and MotorCity — $ 48.4 million ($ 43.5 million);
- DraftKings and the Bay Mills Indian Community — $ 36.6 million ($ 32.9 million).
The situation with leadership among bookmakers was also relatively stable.
The most successful wagering operators and their GGR, AGR, and handle results:
- FanDuel — $ 11.1 million and $ 7.6 million from $ 101 million.
- DraftKings — $ 7.6 million and $ 4.4 million from $ 78.1 million.
- BetMGM — $ 4.6 million and $ 2.9 million from $ 41.2 million.
Rise in Ground Casino Earnings
The commercial vertical produced $ 112.5 million in the reporting period, up 7.3% yearly and 5.8% monthly.
Turnover distribution by sectors:
- slot cabinets and board games — $ 110.8 million, a 5.9% rise;
- wagering venues (qualified AGR) — $ 1.7 million, a 427.7% increase.
Michigan’s fans of bookmaker services spent $ 9.6 million in stakes across different athletic disciplines.
In the aggregated ground segment, share distribution was as follows:
- MGM — 48%.
- MotorCity — 28%.
- Hollywood Casino at Greektown — 24%.
Regarding separate verticals, MGM led the slot machine and tabletop sector with $ 53.9 million, 8.9% growth YoY. Meanwhile, MotorCity became a champion among bookmakers, generating $ 930,952 in QAGR.
Land-based gambling venues contributed $ 17.3 million following Detroit’s financial obligations and gaming taxation requirements. Wagering managers sent $ 64,015 in niche fees and enriched the city with $ 78,241.
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