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Others

Historic revenue for Michigan internet casinos in April

Monday 27 de May 2024 / 12:00

2 minutos de lectura

(Michigan).- While April’s revenue decline hit double digits, Michigan online casino operators are likely not worried. March 2024 numbers were the highest in state history, so matching those figures in April was virtually impossible.

Historic revenue for Michigan internet casinos in April

iGaming gross revenue was up a massive 21% in comparison to April 2023 and this past month’s total was the second-highest in state history. Dating back to Michigan’s online casino launch in 2021, revenue has topped $190 million only twice: in April and March of this year.

Key takeaways

  • Monthly online casino revenue was down 10.4%.
  • April’s revenue total was the second-highest in state history
  • Yearly revenue was up 21%
  • Revenue could top $200 million three more times by the end of the year

April Michigan online casino revenue was historic

April is typically a letdown month for casino markets across the country. March is a high-traffic month for online and in-person casinos, so it’s usually difficult for April to get anywhere close to March’s revenue numbers.

That being said, Michigan´s online casinos had an impressive April. MotorCity Casino topped $50 million for just the second time in April, indicating that it may be reaching its maturity point after three years of growing its customer base.

MGM Grand Detroit, the leader in Michigan online casino revenue, posted a top-10 month. Bay Mills, the state’s third-biggest iGaming revenue earner, saw its win eclipse $38 million for only the second time since 2021.

While April’s revenue decline hit double digits, Michigan online casino operators are likely not worried. Michigan´s March 2024 numbers were the highest in state history, so matching those figures in April was virtually impossible.

Moving forward, it’s possible we could see more record-breaking months.

If 2024 follows 2023’s revenue growth patterns, we could see several firsts:

  • September, October and November eclipse $200 million
  • Revenue hits $200 million in back-to-back months
  • Every month in the year posts at least $180 million in revenue

In the short term, expect to see a revenue dip in May before numbers start to climb in July and August. September is on target to usher in the second $200 million month in state history.

Categoría:Others

Tags: Sin tags

País: United States

Región: North America

Event

PGS, Perú Gaming Show 2024

12 de June 2024

Gambling regulation in Peru: evolution towards stability and legal certainty

(Lima, Exclusive SoloAzar) - From the repeal of the 20% tax by the Constitutional Court to the implementation of the Reorganisation and Formalisation Law, the regulation of gambling in Peru has undergone multiple changes. In this article, SoloAzar summarises the presentation by Dr. Constante Traverso, lawyer and head of APEJA, during the PGS, who underlines the need for a stable and fair public policy.

Wednesday 19 Jun 2024 / 12:00

Win Systems concludes a successful participation in Peru Gaming Show 2024

(Barcelona).- Win Systems, a leading technology provider for the gaming and entertainment industry, celebrates a successful participation in the recent edition of the Peru Gaming Show (PGS), which took place on June 12th and 13th at the Jockey Convention Center in Lima, Peru. The event was a perfect platform to showcase the company’s innovative solutions and cutting-edge products, specifically designed for the Peruvian market.

Wednesday 19 Jun 2024 / 12:00

The impact of AI on marketing campaigns, a featured topic at PGS 2024 conferences

(Lima, SoloAzar Exclusive).- Rony Vexelman, Marketing Manager of Optimove, presented the conference “Maximizing AI, the evolution of roles in iGaming”, within PGS event, held last week in Peru. From SoloAzar we share the highlights of the talk that shows how AI impacts online gaming and sports betting marketing campaigns.

Tuesday 18 Jun 2024 / 12:00

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