Online casinos and sports betting sites saw a decline of 9.6% in revenue for April 2023 compared to last month.
In this Article:
- Revenue Decline Compared to Last Month
- Michigan Online Casino Revenue Compared to 2022
It’s not an unexpected decrease, as other American states have also seen a drop in revenue for April 2023 compared to March, including New Jersey and Pennsylvania.
Sportsbooks and online casinos in Michigan reported $195.7 million in April 2023, consisting of $159.4 million for online casinos and $36.3 million generated by online sports betting. In March 2023, online casinos generated $171.8 million and bookies a total of $44.6 million for a grand total of $216.4 million.
How April 2023 Compares to April 2022
While the figures might be down compared to last month, the year-on-year totals tell a positive story.
Michigan online casinos are certainly on the rise compared to last year. Revenue totals have increased by 20.2% compared to April 2022, during which casinos generated $132.4 million.
When we compare the year-to-date total, we can easily see a significant increase in online casino gaming. In the table below, we compare the first four months of 2022 to 2023:
| Month | 2022 Revenue | 2023 Revenue |
|---|---|---|
| January | $121,243,501 | $153,694,393 |
| February | $122,775,924 | $148,168,863 |
| March | $131,673,653 | $171,830,721 |
| April | $132,438,012 | $159,360,429 |
As with online casinos in Pennsylvania and New Jersey, Michigan set a new record-high in March 2023, exceeding $160 million for the first time. The total generated in April 2023 currently stands as the second-highest revenue total, making it an excellent achievement for online casinos in the state.
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