Michigan’s Online Gambling Operators Announce Mixed Results
Mixed financial results for July from Michigan's online gambling operators, which has been put down as a seasonal slowdown by analysts after a report was published by the Michigan Gaming Control Board.
Across the board, it was reported that total gambling revenue totalled $111.9 million, with $92.3 million of that figure being generated by internet casino games and poker rooms.
The highly respected gambling analysis site, PlayMichigan.com, stated that the lowest monthly revenue figures since online gambling was launched in January of this year.
Pursuits other than gaming are priorities for many in July, whether that is a trip to the lake or a backyard barbecue.
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.
The superb figures for internet gaming have been attributed to the launch of live dealer casino games.
Many of the same forces that slow sports betting in the summer, including summer vacations, also affect online casinos.
Michigan is still a young market that hasn't yet reached maturity. The addition of live dealer games will make a difference going forward. And as the summer turns to fall, we should once again see the revenue at online casinos grow.
Internet gaming has provided the state with $17.1 million in taxes and payments tied to internet gaming.