Michigan reports June sports betting revenue after BetMGM deduction
Michigan’s Gaming Control Board reported -$28.2 million in adjusted gross sports betting revenue for June after BetMGM claimed a $48.2 million deduction for promotional credits. Operators recorded $31.8 million in gross winnings from $285.2 million in wagers; without the deduction, taxable revenue was $17.5 million and state taxes were $1.2 million.
The deduction turned statewide adjusted revenue negative despite positive gross winnings, affecting the reported tax base.