Michigan’s online gambling market has seen another successful month with the July totals coming in at over $92 million. This was a more than 3% jump from June and a big boost for the blossoming market. The state’s Gaming Control Board released the numbers this week, which show a nice increase, most likely due to the launch of live dealer games.
Bring in Live Dealer
The live dealer games launched in July and are sure to help bring in consistent revenues as the market continues to grow at a rapid pace. Evolution Gaming Group AB was the first to launch live casino games in the state after earning approval from the Gaming Control Board.
The studio offers several gaming options including its popular Auto Roulette, blackjack, Infinite Blackjack, and Baccarat titles. All games are streamed live from the custom-built studio located in the state.
In total, there are 14 online operators offering services in Michigan. The leader for July was BetMGM, who earned $33.8 million. The company currently has a more than 36% market share between its casino and poker platforms. MGM Grand Detroit provides licensing.
DraftKings Casino came in second with $15.2 million in earnings, operating via the Bay Mills venue. FanDuel comes next with $14.4 million, offering services via MotorCity. Most of the remaining operators hit the seven-figure mark, bringing in from $6 million to $1 million.
Only Play Gun Lake, PointsBet, and William Hill were unable to see $1 million in earnings.
Continued Growth
Officials were optimistic that the online gambling industry of Michigan would provide a large number of revenues early on. So far, it has taken just over six months for the state to generate over $100 million in earnings.
Detroit has earned $4 million via taxes and tribal operators have earned $2 million. It is expected that the industry will only continue to grow as more gaming options are added and more players sign up for an account.
While July was a good month for online casino gaming, it was not so good for sports betting. The online sportsbooks in the state saw their lowest monthly volume ever, coming in below the $200 million mark for the first time ever.
The month generated $188 million in bets, which is a 20% drop from June. An analyst for PlayMichigan.com, Matt Schoch, pointed out that in July, bettors were out enjoying other activities such as being out on the water or a barbeque. Schoch stated:
“The good news for sportsbooks is that with the July dip now out of the way, operators can look forward to Michiganders returning from their summer vacations and for the excitement for the football season to build.”
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